Economic growth

Oman’s Fiscal Turnaround, A Deep Dive into the 2023 Debt Reduction and 2024 Budgetary Plans

In a noteworthy fiscal turnaround, Oman's public debt has seen a substantial reduction, dropping to 35% of the GDP in…

2 years ago

Oman’s Economic Landscape, Navigating the Growth Trajectory in Q3 2023

In Q3 2023, Oman's economy displayed resilience with a 2.2% growth in real GDP, marking a positive rebound from a…

2 years ago

Sohar Port and Freezone, A Pillar of Economic Growth Surpassing $27 Billion in Investments

Sohar Port and Freezone exceptional growth, surpassing $27 billion in investments over two decades, cements its position as a vital…

2 years ago

China’s Industrial Output and Retail Sales Surge, Boosting Recovery Hopes

China's economic outlook shows improvement as industrial output and retail sales beat expectations in October. Industrial output accelerated to 4.6%,…

2 years ago

Inflation Eases in October, A Glimmer of Hope for Consumers Amidst Economic Uncertainties

In October, consumer prices in the U.S. rose by 3.2% compared to the previous year, signaling a noteworthy slowdown and…

2 years ago

The Case for Lowering Interest Rates Amidst Inflation Concerns

In a delicate economic balancing act, the Bank of England faces a pivotal decision on interest rates. The prevailing debate…

2 years ago

Oman’s Temporary Visa Ban on Bangladeshi Nationals

Oman's recent suspension of visas for Bangladeshi nationals, as clarified by the Embassy of Oman in Dhaka, has stirred discussions…

2 years ago

The Bank of England’s Vigilant Monitoring of Interest Rates Maintains Stability in the Face of Economic Uncertainty

The Bank of England's upcoming interest rate decision underscores the fine balance it must strike in managing inflation and supporting…

2 years ago

Bank of England’s Monetary Policy Holds Steady Amid Economic Uncertainty

The Bank of England has opted to keep the Bank Rate at 5.25% until at least July, marking a pause…

2 years ago

India-Middle East-Europe Economic Corridor; A Pathway to Global Connectivity

The India-Middle East-Europe Economic Corridor, an initiative arising from India's G20 presidency, is gaining momentum with international support. This corridor…

2 years ago