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20 October 2016 By Gulam Ali Khan October 18, 2016 Muscat - The CBO is planning an additional RO150mn government development bond (GDB) issue towards the end of 2016. This is expected to take the total amount Oman has raised from GDBs this year to RO450mn.“There will be one more bond issue by the end of this year. It would be for around RO150mn,” H E Hamood Sangour al Zadjali, executive presidentMuscat Daily - 20-Oct-2016
Muscat - Oman Air on Wednesday celebrated its inaugural flight between Muscat and the Iranian city of Mashhad. A gala dinner was held to celebrate the new air connection. The dinner was held at the Ghasr Talaee International Hotel in Mashhad, under the auspices of Mohammed Jawad bin Hassan bin Sulaiman, adviser to the Omani Ministry of Finance. Oman Air's Deputy CEO and Executive Vice-PresidentOman Daily Observer - 01-Jun-2016
Public authorities and institutions in Oman will face a number of cuts in their benefits, according to a decision made by the Ministry of Finance.Times of Oman - 30-Apr-2016
19 January 2016 Muscat -- Oman's Ministry of Finance announced today that it has signed a $1 billion loan facility agreement with 11 international banks, including two regional banks to finance the requirements of the state budget. The move comes within the plan developed by the Ministry of Finance to finance the state budget deficit through a medium-term financial plan.The agreement was signed onSaudi Press Agency - 19-Jan-2016
19 January 2016 Muscat - Asset management firm Lazard is preparing a detailed plan for a bond sale by the Oman government, H E Nasser al Jashmi, Undersecretary at the Ministry of Finance, told Bloomberg.The sultanate plans to tap regional and international markets for the sale, H E Jashmi said, without specifying the size of the issue.Proceeds from bond sale will help govt finances, he added.© MusMuscat Daily - 19-Jan-2016
Changes in the global political climate have resulted in increasing uncertainty in trading markets and economies around the world. For investors, this could be either a great time to invest in assets or a better time to protect their net worth.
The UAE is embracing technology innovation with a vengeance and has seen digital payment systems become a key area of focus.