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FINANCIAL NEWS
Oman’s GDP grows 4.6 percent in Q1
07 Oct 2014
(MENAFN) Data showed that Oman’s gross domestic product (GDP) grew by 4.6 per cent in the first quarter of 2014 over the same period last year, Times of Oman reported.
Meanwhile, annual inflation rate measured by movement in the average consumer price index stood at 1.1 percent in the January-June period of this year.
According to Central Bank of Oman (CBO), the total assets of commercial banks increased 11.1 percent to USD62.93 billion in July 2014 from USD56.71 billion a year ago.
Credit to the private sector increased by 10.4 percent during the period to USD37.03 billion by July-end, 48.4 percent of which were the share of the non-financial corporate sector.
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