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Fitch Report Omans Debt Market Contracts with Government Prepayments

Fitch Report Oman’s Debt Market Contracts with Government Prepayments

Oman’s Obligation Capital Market saw a significant decline, worsened by the government’s proactive debt repayment. According to a recent Fitch Ratings report, the market experienced a 7% year-on-year reduction, bringing total outstanding debt to $44 billion in 2023. The main reason behind this decrease is the government’s use of budget surplus from high oil prices […]

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Optimistic Outlook SP Upgrades Omans Fiscal Position to Positive

Optimistic Outlook: S&P Upgrades Oman’s Fiscal Position to Positive

In a critical move intelligent of Oman’s financial strides, S&P has changed the nation’s viewpoint to ‘positive’, underscoring the momentous enhancement in its monetary position. This choice by the famous credit rating organization signals a newly discovered certainty in Oman’s financial direction and underscores the adequacy of later changes embraced by the government. S&P Worldwide

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Power Trio UK, US, and UAE Spearhead $59.6 Billion in Foreign Investment for Oman

Power Trio: UK, US, and UAE Spearhead $59.6 Billion in Foreign Investment for Oman

The extent of foreign direct investment (FDI) in Oman hit OR22.96 at the end of 3rd quarter by the year 2023. This is the National Center for Statistics and Information’s (NCSI) first report. The UK, the US, and the UAE are the leading investors. The sector of oil and gas holds the statement of 76.9%

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Turkey and Gulf States Set to Forge Free Trade Agreement

Turkey and Gulf States Set to Forge Free Trade Agreement

Turkey and the Inlet Participation Chamber (GCC) have marked a bargain to dispatch arrangements for a Free Exchange Understanding (FTA), Turkish Exchange Serve Omer Bolat said on Thursday, as Ankara endeavours to extend financial ties with the locale. After a long time of pressure, Turkey propelled a discretionary charm hostile in 2020 to repair ties with

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The Upward Trend in the Omani Stock Market extends into its third successive week

The Upward Trend in the Omani Stock Market extends into its third successive week

The Omani stock showcase finished the 3rd week somewhat emphatically. Meanwhile, stamping the third continuous week of picks up, agreeing to an examiner. “The fundamental record remained close to the top levels of Eminent, floating near to the 4,800 focuses level, with an unassuming increment of 0.12%. Furthermore, The advertise might stay uncovered to a

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