Gulf International Bank (GIB) closed a $1 billion five-year loan for Energy Development Oman (EDO), arranged with Mashreq. The deal,
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Oman Energy Development Company (OEDC) secured RO385 million in financing and issued its first local sukuk worth RO50 million to
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Tumbling bank shares pulled global stocks lower, with gold hitting a fresh peak as credit stress at US regional lenders
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Stocks across Asia rose Thursday, buoyed by a strong U.S. rally and robust earnings reports. Japan's Nikkei gained 1.2%, fueled
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Asian shares paused their recent rally as investors sought new catalysts, while the yen faced selling pressure against the euro
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MUSCAT: Conventional banks in Oman expanded lending, with total credit rising 7.2% from June 2024 to June 2025. Credit to
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The total value of government treasury bills allocated this week reached RO 50.15 million, all with a 91-day maturity. The
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Global shares rose on Friday, as optimism grew that US interest rates may fall further this year, bolstered by robust
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Gold surged 0.81% above $3,400, settling near $3,396. US tariffs on gold imports caused a record $102 spread between NYC
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Energy Development Oman SAOC (EDO) reported Q1 2025 revenues of $3.776 billion, down from $4.005 billion in the same period
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