Commodity exports hit 13.2B riyals in June
The article discusses the economic developments in the Sultanate of Oman at the end of the first half of the year. Local liquidity reached 29.3 billion Omani rials, and the total value of private deposits in banks stood at 19.3 billion rials. Electricity production increased by 5.7%, while water production declined by 3%. Public revenues rose by 13%, reaching 6.6 billion rials by the end of the second quarter. Economically, total commodity exports amounted to 13.2 billion rials, with the non-oil sector experiencing an 11.4% increase. Additionally, the price of Oman oil increased to over $101 per barrel. The Sultanate continues its cooperation with UNICEF and is preparing for the rainy season, with opportunities for further economic growth.
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