Recent retail results show that consumers are under financial pressure as high interest rates increase the cost of debt

Oman’s debt capital market (DCM) shrank by 7% year-on-year (YoY) to $44 billion in 2023 as the government pre-paid more of its debt using the budget surplus from high oil prices, Fitch Ratings said in a new report.

HCOB’s composite Purchasing Managers’ Index for the currency union, compiled by S&P Global and seen as a good gauge of overall economic health, climbed to 50.3 in March from February’s 49.2, improving on a preliminary 49.9 estimate

The non-oil sector, which expanded by 9.1% yet marginally down from 9.2% in 2022, was the main factor behind the 3.1% growth and was offset by a weaker performance from the oil sector

RIYADH: Saudi low-cost carrier flynas has received its 50th jetliner from Airbus out of an order of more than 100 aircraft, as it continues to pursue its growth and expansion plans.   

SINGAPORE: Oil prices steadied on Wednesday as investors eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries and the potential for a widening of the Israel-Hamas war to more directly include Iran.