GCC
Revival of projects in the energy sector key to the country’s development
Oman's trade balance rose 35 percent to $6.75 billion in the same quarter
The return on investment for 2023 stood at 9.95 percent
The survey showed that 52 percent of executives are fully embedding sustainability strategies across their organisation
The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023
Output and new orders increased at the fastest rates since Q3 2023
The growth rates exceeded those of the post-COVID recovery in mid-2020
Oman's addition brings AFAQ's total number of participant banks from the GCC region to 67
Oil production remains crucial in shaping the GCC region's fiscal and external balances
The sector spending within the GCC alone is tipped to reach $124 billion in 2028
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
The airport's point-to-point passenger operations account for 25 percent of its total traffic
The bonds are divided into two tranches and aim to fund environmentally friendly projects
Data showed a 4.8 percent increase in the mining sector compared to February 2024
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
Solid budget and financial buffers, but reforms needed to reduce oil dependence
This represents a 58.4 percent growth compared to 2022
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Agreements to boost existing and future investments in Oman and Kuwait in key sectors
Notable market gains included MBC Group Co and Avalon Pharma
