GulfBase Live Support
Oman’s central bank raised OMR84 million by way of allotting treasury bills on Tuesday.
The treasury bills are for a maturity period of 28 days, from June 13 until July 11, 2018.
The average accepted price reached 99.878 for every OMR100, and the minimum accepted price arrived at 99.850 per OMR100. Whereas the average discount rate and the average yield reached 1.59144 per cent and 1.59340 per cent, respectively.
The interest rate on the Repo operations with CBO is 2.547 per cent for the period from June 12, 2018 to June 18, 2018 while the discount rate on the Treasury Bills Discounting Facility with CBO is 3.297 per cent, for the same period.
The treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which helps the licensed commercial banks to gainfully invest their surplus funds, with added advantage of ready liquidity through discounting and repurchase facilities (Repo) offered by the Central Bank.
Times of Oman
With the full financial support of the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank Group (IsDB), Coris Bank International (CBI),
Companies in Qatar stand to gain from a one-day conference slated later in the year that would focus on integrating capacity building in the country’s business continuity and resilience (BC&R) sector
Qatar and Mexico are working hard to expand and deepen trade, business and economic cooperation in most promising areas of the two economies.
As part of efforts to boost bilateral ties, th
The global sukuk (Islamic bond) market experienced a significant slowdown in issuance in the first half of 2018, with new sukuk issuance expected remain lacklustre in the second half, according to cr
The UAE and Kuwait are among the most vulnerable for cyberattacks among the Gulf Cooperation Council Council countries in the first quarter, according to a report by cybersecurity firm Trend Micro.