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FINANCIAL NEWS
Omani GDP drops 14.2 percent in Q1
25 Oct 2015
(MENAFN) Oman’s Gross Domestic Product (GDP) for the Jan-March period at current prices fell by 14.2 percent compared to a surge of 2.7 percent posted in last year’s cited period, according to the latest data.
Additionally, the hydrocarbons division saw a severe slump of 36.8 percent on the back of the oil price plunge whereas the non-oil sector recorded an increase of 4.1 percent through the three months to March.
Credit to the private sector grew by 10.9 percent to reach USD40.9 billion by the end of August, total investments by commercial banks in securities fell by 9.3 percent to USD8 billion August-end, from USD8.8 billion in 2014.
Aggregate deposits held with commercial banks disclosed a jump of 5.8 percent to USD47.1 billion in August from USD44.5 billion a year ago, plus government deposits with commercial banks surged by 3 percent to USD13.7 billion.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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