GCC
The country recorded 10 million hotel nights for the first time
Projections were informed by critical factors and data, based on an average oil barrel price of $60
An initiative designed to enhance participation and liquidity among market participants
The average acceptable return was set at 4.75 percent, with a maximum acceptable return of 4.85 percent and a minimum of 4.6 percent
CBK said that the issuance period is three months with a return rate of 4.125 percent
This reflects a modest decline of 2.5 percent from QAR2.62 billion ($718 million) in Q2 2024
These contracts are integral to the ongoing initiatives to boost the country's electrical infrastructure and ensure its long-term viability
A 25 percent increase in international arrivals compared to 2023
The two sides highlighted trade's crucial role in connecting their countries and its potential for further growth and diversification
The region's non-oil sector is expected to grow 4.5 percent in 2024, 7.8 percent in 2025 and 8.6 percent in 2026
Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025
