Oman Money Supply Grows 12.7%
Total real estate transactions increased by 5.5% to 1.1 billion riyals by the end of May, with the credit portfolio granted by the banking sector rising to 37.4 billion riyals. The Islamic banking sector also recorded assets worth 9.8 billion riyals, while foreign direct investment grew by 8.7% to reach 32.19 billion riyals. Additionally, the money supply experienced a growth of 12.7%, reaching 28.6 billion Omani rials by the end of May. Oman achieved a new digital milestone in the ESCWA index.
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