Financial and Banking News


Omani Revenues Show Signs of Recovery

 Omani Government revenues registered a 2.8% increase during the second quarter of 1987, so that total revenues for the first half of the year stood at R0662.2mn ($1.92bn) compared with R01,188mn ($3.44bn) for the whole of 1986, indicating an 11.5% increase on an annualized basis. Oil revenues provide the bulk of the Omani Government's revenues, and these yielded R0548mn ($1.58bn) during the...