16/04/2018 07:46 AST

With regard to monetary aggregates at the end of January 2018, narrow money supply (Ml) registered a year-on-year (YoY) growth of 1.6 per cent to OMR5 billion.

Quasi-money (OMR saving and time deposits, certificates of deposit issued by banks, margin deposits and foreign currency denominated deposits) witnessed a higher growth of 5.9 per cent during the period, while broad money supply M2 (Ml plus quasi-money) stood at OMR16.3 billion at the end of January 2018 and grew by 4.5 per cent during the same period.

With respect to the domestic interest rate structure of conventional banks, the weighted average interest rate on OMR deposits increased to 1.667 per cent in January 2018 from 1.582 per cent a year ago, while the weighted average OMR lending rate increased to 5.210 per cent from 5.104 per cent during the same period.

The overnight OMR domestic inter-bank lending rate stood at 1.195 per cent in January 2018, much higher as compared to 0.370 per cent a year ago. The average Repo rate for liquidity injection by the Central Bank of Oman (CBO) stood at 2.060 per cent per annum in January 2018. The overall hardening of interest rates reflects some tightening of liquidity in the banking system.

Times of Oman

Ticker Price Volume
SABIC 118.60 3,051,555
WALAA 23.70 381,943
JAZIRATKFL 19.00 85,514
EEC 17.96 1,356,411
QNBK 175.00 253,804
STC 81.90 322,056
SACO 71.00 167,636
New fuel oil regulations for shipping industry to create winners and losers


The decision this year of the International Maritime Organization (IMO), a specialized agency of the United Nations, to introduce new rules aimed at reducing the cap on the sulfur content of marine f

Saudi Gazette

Pakistan PM Khan expected to boost aid and trade from visit to Kingdom


Faced with a financial crisis at home, Pakistan Prime Minister Imran Khan’s first visit to Saudi Arabia could provide a much needed boost to the country’s political and economic confidence, experts s

Arab News

CBO issues treasury bills worth OMR30.40mn


Oman’s central bank raised OMR30.40 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 28 days, from Wednesday until October 17, 2018.

Times of Oman

Abu Dhabi details Dh50b business programme


The Abu Dhabi Executive Council’s Executive Committee has revealed the details of the business and investment encouragement tenet as part of the Abu Dhabi Government Accelerators Programme “Ghadan 21

Gulf News

UAE leads in ICT Global Competitiveness Index


The United Arab Emirates has achieved a new accomplishment in ICT global competitiveness by achieving advanced ranks in the Global Competitiveness Index, according to the results published recently b

The Gulf Today