87612
Oman Economy Grows 8.7%
Oman Economy Grows 8.7%

Oman Economy Grows 8.7%

Oman Economy Grows 8.7%

Oman’s economy witnessed remarkable improvement in 2017 in a variety of sectors, as it registered growth of 8.7% at current prices after two successive years of recession, ONA reported. An analysis by the Central Bank of Oman pointed out that the growth is attributed to the rise in oil activities by 20.8% and non-oil activities by 3.9%. This comprehensive improvement in the economic sector is due to the recovery of oil prices and the positive effect of the nation’s economic diversification.
The figures point out that the average price of Omani crude oil in 2017 stood at about $51.3 per barrel, compared to$40.1 per barrel during 2016. Inflationary pressures in the sultanate are still limited, in general. The average annual inflation rate, based on the consumer price index stood at 0.6% during the first three months of 2018.

 

Short URL : https://goo.gl/yxqphe
  1. https://goo.gl/hrWaKh
  • https://goo.gl/7owfkQ
  • https://goo.gl/2XnUVj
  • https://goo.gl/Nv2cD2
  • https://goo.gl/bMcnuH

You can also read ...

India Hits Back at US With Tariffs
Responding to the US import tariffs on certain steel and...
American farmers are losing sales as trading partners hit back with duties of their own.
Only a few months ago, the global economy appeared to be...
Few Will Want to Invest in High-Risk North Korea
US President Donald Trump dangled the carrot of foreign...
Ministers Fired After Argentina Currency Collapse
Argentina’s President Mauricio Macri has replaced two cabinet...
Refugees now comprise about 20% of Jordan’s population.
Saudi Arabia, the United Arab Emirates and Kuwait pledged $2.5...
Eurozone Reform Agreement
Paris and Berlin are very close to an agreement on eurozone...
Businesses in Gaza are cutting back production as a result of falling consumer demand, the prevailing financial sanctions, restricted access to goods and materials, and lack of freedom of movement.
Humanitarian, socioeconomic, political and security conditions...
Greece Creditors Debate Extensions on Bailout Loans
Greek bailout talks are reaching the final stretch and...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus