27 Jun 2016
(MENAFN) Oman’s budget shortfall swelled in the Jan-March period of this year from a year earlier, as the oil-price slump sapped gov’t revenue.
Meanwhile, the deficit widened to USD 4.14bn from USD 1.41mn, while government revenues dropped by almost USD 2.58bn.
On the other hand, net oil revenues fell 48.7 percent to USD 2.2mn in the cited quarter of 2016 from USD 4.32bn in the same period of 2015.
Recently, the Sultanate raised USD2.5bn in a global bond sale arranged by fibe global banks to help meet its budget deficit.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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BBK discloses its financial results for the first quarter ended 31st March 2025
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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