Oman’s net foreign assets increase by OMR990 mn in 2018
Increase in petroleum prices and exports are some of the major contributors to the rise in foreign assets...
Category : Economy
Investment agency CEO expects FDI in Dubai to exceed $10.4 bn
Dubai recorded a 54 percent growth in FDI in the first quarter of 2019...
Thailand announces multi-billion dollar economic stimulus
The size of the package amounts to 1.9 percent of the nation’s gross domestic product...
Oman raises $3 billion through international bonds
The 5 year bonds and 10 year bonds received orders worth $14 billion from the investors...
Dubai’s business licences issued increase by 33% in H1
The number of licenses issued in the name of women increased by 12%...
Argentina’s economy faces challenge as Macri loses primary
The already unstable economy to face further repercussions if the leftist party wins...
Rate cuts imminent, says Philippines central bank governor
Interest rates could be cut by 50 basis points for the rest of the year marking the end of the easing period...
African Free Trade Act to boost US exports: South Africa
Members have to remove tariffs from 90% of goods which will facilitate free access to goods and services across the continent...
Kuwait firm on keeping discount rate at 3% despite global changes
Kuwait took the decision to keep the discount rate unchanged to maintain the competitiveness of the national currency...
Saudi Arabia’s budget deficit in second quarter widens to $8.9 bn
Saudi Arabia's spending was up by 5% but oil revenue dropped 4% year-on-year...