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Currency News

Sembcorp Industries sells stake in Omani utilities developer for 984740 Omani rial

05 Mar 2018 05:26The Business Times
A SUBSIDIARY of Sembcorp Industries has agreed to sell its stake in Omani utilities developer Centralised Utilities Company to Oman Oil's Facilities Development Company for 984,740 Omani rial (S$3.38 million). With the sale, Sembcorp Utilities (Oman ... more

Bank deposits, credit up

18 Sep 2017 10:45Oman Tribune
Narrow money stock (M1) registered a year-on-year decline of 6.2 per cent to 5.1 billion rials. However, quasi-money (Rial Omani saving and time deposits, certificates of deposit issued by banks, margin deposits and foreign currency denominated ... more

'Qatar effect' is boost for the Sultanate

09 Sep 2017 13:00Times of Oman
“From April to July 2017, the total amount of transactions with Qatar which were ratified by Oman Chamber of Commerce and Industry has equated to more than a quarter of a billion Omani rial,” said a Chamber of Commerce spokesman after they released the ... more

Omani conventional banks' total credit grows 3.9% to OMR18.1m

09 Sep 2017 06:56Times of Oman
With respect to the domestic interest rate structure of conventional banks, the weighted average interest rate on rial Omani deposits increased to 1.621 per cent in June 2017 from 1.182 per cent a year ago, while the weighted average rial Omani lending ... more

Special Achievement Award for Omani one rial note

29 Mar 2017 07:00Times of Oman
Muscat: Oman's commemorative 45th National Day one rial banknote has won the Special Achievement Award at the Security Currency Printing Conference held on Tuesday in Baku the capital city of Azerbaijan. more

Omani rial's exchange rate index rises 2% in 2016

26 Feb 2017 22:41Muscat Daily
Omani rial's effective exchange rate index rose by two per cent to 107.3 as of the end of 2016, indicating the currency's enhanced purchasing power. more

Central Bank of Oman dismisses rumours on Omani riyal depreciation

16 Feb 2017 08:00gulfnews.com
Rumours on depreciation of Omani riyal were dismissed by the Central Bank of Oman (CBO) on Wednesday. Hamoud Bin Sangour Al Zadjali, Executive President of the Central Bank of Oman (CBO) affirmed the strength and efficiency of the Omani riyal ... more

Oman's Bank Sohar completes 35 mln rial capital-boosting bond sale

07 Sep 2016 00:48Reuters
"The raise will significantly improve the bank's capital position, allowing it to support the local economy more strongly through greater ability to provide finance for deserving projects," the bank said. more
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