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The International Monetary Fund (IMF) forecasts a 3.7 per cent growth in Oman’s real GDP for 2018.
In its World Economic Outlook for October 2017 which was published on Tuesday, the IMF estimated that the Oman’s deficit as percentage of the GDP will decrease from 18.6 per cent in 2016 to 14.3 per cent in 2018.
The IMF also forecasts a decline in Oman’s balance of payment deficit as a percentage of the GDP from 13.2 per cent in 2015 to 6.1 per cent in 2022.
The report said that the global recovery is still going on at faster pace and that the picture is different from early next year when the global economy was stumbling and the financial markets were fluctuating.
Globally, the IMF revised up its growth forecast to 3.6 per cent in 2017 and 3.7 per cent in 2018, both 0.1 per cent higher than its July projections. Global growth in 2016 was 3.2 per cent.
The United Arab Emirates central bank’s plan to change the way a key interest rate used to price debt is calculated has been postponed, according to two people familiar with the matter.
Real estate developers seeking to build the world’s tallest skyscraper in Jeddah have signed a 620 million riyal ($165 million) contract for infrastructure work at the site, signalling the project wi
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Amid all the fast-paced procedures taken by the Kingdom’s different authorities to create an attractive atmosphere for investors, one of these steps taken was the issuance of the new “corporate gover
Gulf stock markets were mixed on Wednesday with Masraf Al Rayan, Qatar’s second-largest bank by market value, pulling the Qatari stock index 0.2 percent lower.
Shares in Masraf Al Rayan sank