Local liquidity rises 12.7% to 28.6B riyals
The news reports that domestic liquidity in the Sultanate of Oman increased to 28.6 billion Omani riyals by the end of May, reflecting a 12.7% rise, along with growth in the overall credit balance, which reached 37.4 billion riyals. Real estate transactions also rose to 1.1 billion riyals, and the tourism sector contributed 2.9% to the gross domestic product during the first quarter. The data indicate an expansion in economic activity and local finances, with prospects for thunderstorms and a decline in some government decisions.
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