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FINANCIAL NEWS
Oman’s budget deficit reaches USD10.83bn in H1
30 Sep 2016
(MENAFN) Oman’s budget deficit increased and crossed the RO4bn mark for Jan-July period this year as government revenue continued to hurt by weak oil prices.Meanwhile, the deficit grew by 68 percent to RO4.02bn from RO2.39bn in the same period of 2015.On the other hand, net oil revenue declined by 46 percent to RO1.79bn in the cited period of this year from RO3.32bn a year earlier.In addition, the average price of Oman crude oil amid the period reached USD37.6 per barrel against USD60.2 in the same period of 2015.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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