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FINANCIAL NEWS
Oman’s real estate sales grow by 124pct
30 Nov 2016
(MENAFN) Oman’s real estate sales posted a growth of 124.3 percent for the Jan-Oct period of this year to OMR7.6bn, over the same period of 2015.
Moreover, fees collected from legal transactions in the sector rose 34.1 percent to OMR54.2mn, while traded value of sales deal dipped by 16.2 percent.
Meanwhile, the number of mortgage contracts increased by 4.8 percent to 19.532 with a 186 percent growth in the value of mortgage deals at OMR6.8bn.
However, properties issued to GCC States citizens registered a major 24.5 percent decline to 1.480 deals amid the 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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