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MUSCAT : Oman’s GDP has witnessed a development of 32.4% at present costs within the first half of 2022 to achieve about OMR 20.26 billion, a prime official at Ministry of Financial system (MOE) stated.
Dr. Nasser Al-Maawali, Undersecretary for Financial system at MOE, stated that the financial restoration of the Sultanate was mirrored within the rise in commerce stability surplus, which grew by 185.8 p.c to achieve about OMR 4.71 billion throughout the first half of 2022.
“The qualitative enchancment within the efficiency of the financial system was as a result of profitable financial and monetary insurance policies initiated by the federal government, together with the stimulus packages,” Al Mawali stated.
Benefiting from the worldwide improve in vitality costs and clear financial insurance policies, the Sultanate of Oman’s financial indicators witnessed exceptional enchancment driving development of GDP in fastened costs to three.9% throughout the first half of 2022 to achieve OMR 17.59 billion, in comparison with OMR 16.93 billion throughout the first half of 2021.
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