09 Jul 2017
(MENAFN) Oman’s GDP is projected to increase by 2.5 percent in the coming year, up from 1.5 percent in 2016, as exposed the Euler Hermes Credit Agency.
Additionally, the agency also predicted that the deficit in the Sultanate’s recent account will drop to 11 percent of the GDP in the coming year.
Furthermore, the measures adopted by the government have collaborated to the fall in the budget deficit, due to the fall in oil prices last year.
Meanwhile, the modest recovery in oil prices this year should support improves state revenues and narrows the fiscal deficit to 9 percent of the GDP.
MENAFN0907201700450000ID1095607230
MENAFN0907201700450000ID1095607230
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more