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FINANCIAL NEWS
Oman’s whole debt hits USD6.42bn
19 Jul 2016
(MENAFN) Oman, which raised USD2.5bn from the overseas market for a widening budget gap, will mobilize loans in the future from abroad for its GDP ratio.
Additionally, whole debt of the Sultanate by the end of last year reached USD6.42mn, equivalent to 9.2 percent of its GDP.
However, Oman’s debt to GDP ratio is the lowest in the Gulf region, which offers enough room for extra borrowing for development needs.
The Sultanate repaid USD316.7mn in principal and interest last year, against USD368.57mn in the previous year.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
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
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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