Browsing: Economy

The interest rate structure of conventional commercial banks, the weighted average interest rate on deposits in Omani rials increased from 2.192% in April 2023 to 2.580% in April 2024

As many as eight clusters, earmarked by the Omani government for development into Special Economic Zones, Free Zones and Industrial Cities, are currently in various stages of design and early development around the Sultanate of Oman

Egypt and Saudi Arabia have so far implemented 60% of their joint electrical interconnection project, with the first phase of operation to kick off in July 2025 at a cost of $1.8 billion

Muscat: The broad money supply in Oman witnessed a growth of 12 percent on an annual basis, reaching about OMR23.6 billion by the end of April 2024.

The Organisation for Economic Cooperation and Development (OECD) forecasts Austria’s GDP growth to recover to 0.2 percent in 2024 and 1.5 percent in 2025

RIYADH: Saudi Arabia’s Tadawul All Share Index ended the week in green, gaining 8.32 points, or 0.07 percent, to close at 11,792.41.   

: Reestablishing a business council with Canada after a five-year hiatus is the latest example of the pivotal role the Federation of Saudi Chambers is playing in facilitating international trade, experts have insisted.

China’s top leadership is set to meet on Monday to thrash out plans to boost growth, but the country’s economy remains weakened by sluggish consumption, a property sector in crisis and deflation fears.

Mutual trade between Russia and the members of the Shanghai Cooperation Organization (SCO) surged by 25% in 2023, amounting to $333 billion

Eagles Developments has launched its inaugural project in Sheikh Zayed City, investing EGP 2bn. The project, named VIA, covers a 16,000 sqm area.