GulfBase Live Support
The rate of inflation in the Sultanate of Oman in September 2018 increased by 0.78 per cent compared to the same month of 2017, according to the latest data released by the National Centre for Statistics and information (NCSI) on consumer price indices.
It also showed that the inflation rate decreased by 0.11 per cent compared to August 2018. The rise in the price index in September 2018 compared to the same month in 2017 led to a rise in prices in major groups such as housing, water, electricity, gas and other fuels by 0.59 per cent, transport by 5.67 per cent, restaurants and hotels by 0.63 per cent, miscellaneous items and services by 0.87 per cent and education by 4.9 per cent.
The prices of food and non-alcoholic beverages decreased by 2.3 per cent, clothing and footwear by 0.52 per cent, furniture and household equipment and maintenance cost by 0.53 per cent, communications by 0.34 per cent, health by 3.06 per cent, culture and entertainment by 0.36 per cent and tobacco by 0.14 per cent.
Among governorates, Dhofar recorded the highest rate of increase in inflation by 1.79 per cent, followed by the Governorate of North Al Batinah by 1.75 per cent, A'Dakhliyah by 0.72 per cent, Muscat by 0.54 per cent and A'Dhahirah by 0.13 per cent.
The inflation rate decreased by 0.28 per cent in the Governorate of Al Buraimi and by 0.26 per cent in the Governorates of North and South A'Sharqiah. The general consumer price index decreased by 0.11 per cent compared to the previous month.
The prices of food and non-alcoholic beverages decreased by 0.66 per cent, restaurants and hotels by 0.5 per cent, culture and entertainment by 0.05 per cent and communications by 0.04 per cent.
The price of transportation services increased by 0.26 per cent, clothing and footwear by 0.22 per cent, miscellaneous goods and services by 0.14 per cent, and household furniture, equipment and maintenance by 0.2 per cent.
The prices of housing, water, electricity, gas, other fuels, health, education and tobacco have become stable.
Times of Oman
The UAE cabinet announced a new federal budget of AED 60.3 billion in September, paving the way for a significant increase in government spending that will in turn benefit the Dubai real estate marke
King Abdullah Port has announced its participation as a sponsor and speaker at the UAE Maritime Week, the Middle East’s first comprehensive maritime event. The port’s participation comes in an effort
Saudi Arabia’s Maalem Financing has raised SR100 million ($26.6 million) from a debut sale of Islamic bonds, or sukuk, as the firm seeks to develop a crowdfunding product and expand its operations, a
Oman’s central bank raised OMR30 million by way of allotting treasury bills on Tuesday.
The treasury bills are for a maturity period of 28 days, from October 17, until November 14, 2018.
Times of Oman
Middle Eastern & North African investment banking fees totalled an estimated $684 million (Dh2.5 billion) during the first nine months of 2018, 8 per cent less than the value of fees recorded during