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FINANCIAL NEWS
Oman’s deficit drops at RO4.55bn
22 Nov 2016
(MENAFN) Oman’s budget deficit recorded a decline in Sep for the first time since Feb 2015, on the back of slash in expenses and increase in the average crude prices.
Accordingly, the total fiscal deficit at the end of the third quarter of this year reached RO4.552bn against RO4.371bn a month ago.
Moreover, the government move to reduce spending and increase taxes coupled with a rise in income from oil are finally paying off.
However, Sep witnessed the lowest level of deficit rise at RO181mn, whereas oil price averaged USD38.3 for the Jan-Sep period.
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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 proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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