US EditionOman posts steady growth, RO 540 million budget surplus in 2024, says Central Bank
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Oman economy records significant growth in 2024
The Omani economy recorded significant growth during 2024, supported by structural reforms and the continued expansion of the non-oil sector. Inflation remained at low levels thanks to the alignment of monetary and fiscal policies. This growth is recorded in the annual report issued by the Central Bank of Oman, which presents a comprehensive analysis of the economic and financial developments in the Sultanate of Oman during 2024. The report conf…
According to the annual report 2024 on banking supervision published by the Central Bank of Tunisia (BCT), the number of bank cards in circulation fell to 5.5 million at the end of 2024, compared with 7.1 million in 2023, a decrease of 21.4%. According to the BCT, this decrease was due to a reorganisation of non-active cards carried out by banks to improve data quality and to better target active users. Despite this decline, the use of electroni…
Oman posts steady growth, RO 540 million budget surplus in 2024, says Central Bank
MUSCAT — Oman’s economy recorded steady growth and improved fiscal performance in 2024, with total credit and deposits rising, public debt declining, and a budget surplus achieved, according to the Central Bank of Oman’s Annual Report 2024. Total credit increased by 6.7% to RO 32.5 billion, while total deposits grew 9.1% to RO 31.7 billion, reflecting strong banking sector liquidity and lending confidence. Broad Money (M2) expanded by 8.1%, and …
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