Printer Friendly

OMAN: RECENT ECONOMIC DEVELOPMENTS.

Summary: The Central Bank of Oman said that the number of bounced cheques rose 32% yoy in 2016.

The Central Bank of Oman said that the number of bounced cheques rose 32% yoy in 2016. Additionally, the central bank found that insufficient funds were the major cause for unpaid cheques, followed by accounts closed or EeAaelegally blockedEe' accounts; Oman Telecommunications Co (Omantel) said it has signed a share purchase agreement to acquire from the Treasury 425.7mn shares (9.84% of outstanding common shares) in Kuwaiti Mobile Telecommunications Company (Zain Group); Mandatory health insurance for private sector employees in Oman could start in Jan 2018, according to press reports.

Copyright [c] EMBIN (Emerging Markets Business Information News) Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2017 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:EMBIN (Emerging Markets Business Information News)
Date:Aug 23, 2017
Words:124
Previous Article:KUWAIT: RECENT ECONOMIC DEVELOPMENTS.
Next Article:QATAR: RECENT ECONOMIC DEVELOPMENTS.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters