Local liquidity hit 29.3 billion riyals in June
Local liquidity in Oman increased by 12.7% to 28.6 billion Omani rials by the end of May, with total private deposits in banks rising to 19.3 billion rials by the end of June. Additionally, the price of Omani oil rose and exceeded $94 per barrel. Moreover, a 76% completion rate was achieved in the Sultan Faisal bin Turki Road project in Musandam Governorate. These data indicate improvements in the financial and oil sectors, as well as strengthened investments and development within the country.
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