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 أثير
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أثير

2026-10-03T00:00:00.000Z

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Economic Week: Local liquidity nears 30b OR

Economic Week: Local liquidity nears 30b OR

This week, Oman experienced strong economic performance, with domestic liquidity nearing 30.3 billion Omani riyals. Insurance companies' investments grew by 16.2%, reaching 903.3 million riyals by the end of the second quarter of 2026. Additionally, Muscat Securities Market saw notable gains across five major sectors, particularly the financial sector, whose index increased by 220 points to close above 13,600 points, and the industrial sector index rose by nearly 200 points. Moreover, the local currency appreciated by 0.4%. The government committed to developing the carbon market, registering three approved carbon projects, with over 20 projects under development aimed at reducing more than 3 million tons of carbon dioxide equivalent annually. Business activity data for the first half of 2026 confirmed ongoing growth, with re-exports exceeding 1.14 billion riyals, wholesale and retail trade increasing by 5%, and foreign investment in the commercial sector rising by 9.7%.

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