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
QNBK 152.99 194,592
SABIC 122.74 4,734,347
STC 84.53 189,775
ALMARAI 60.12 820,477
BURUJ 34.09 93,849
WALAA 34.02 310,680
JARIR 167.55 115,417
Saudi insurance sector’s profit drops 55% in 2017

23/04/2018

With all listed insurers in Saudi Arabia having published their preliminary year-end 2017 financial reports, S&P Global Ratings calculates that net income for the whole sector dropped by 55% to about

Saudi Gazette

Britain, Saudi Arabia target $90bn trade, investment opportunities

23/04/2018

Saudi Arabia and Great Britain have set out a new vision of their bilateral relationship, with an ambitious target of achieving $90 billion in trade and investment opportunities in the coming years,

Arab News

Gulf companies challenged by debt and rising interest rates

23/04/2018

There has been an uptick in recent months in heavily-borrowed companies in the Gulf seeking to restructure their debts with lenders. Although the pressure on companies is not comparable to levels wit

Arab News

DIFC’s FinTech Hive expands accelerator programme

23/04/2018

The Dubai International Financial Centre’s FinTech hive is expanding its accelerator programme for start-ups to include insurance, Islamic finance and regulatory technological services.

“A

The National

Smart Cities to boost Oman’s IT market

23/04/2018

Smart Cities investment is boosting Oman’s IT market to a record-high of OMR122 million by 2019, industry experts announced on Sunday ahead of Comex Oman, running from April 23-28.

Support

Times of Oman