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Government bonds offer 4.5% return
Oman Energy Development Company announced the issuance of its first sukuk in Omani rials to strengthen the local capital market for the fourth time, despite thousands of rials being subject to fraud in a related marketing campaign. In a different context, OPEC lowered its oil demand forecasts, opening up a new investment opportunity. Additionally, U.S. President Donald Trump affirmed full control over the Strait of Hormuz and the possibility of retaining it, while the Salalah Conference recommended the necessity of government jobs based on skills.
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