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Islamic Finance Briefing - Categorized | Financial Instruments (Credit Cards, Debts, Loans, Mort more

Oman may issue $518mln sovereign debt - central bank

Posted on 13 April 2012

Oman’s economy is robust and expected to grow by 5 percent this year, the Gulf Arab country’s central bank head Hamood Sangour al-Zadjali said on Wednesday, adding that the country may issue sovereign debt of OMR200m (US$518m).
“The local economy is in an excellent condition. We expect growth of 5 percent this year. Inflation is under control, somewhere between 3.5 to 4 percent,” the sultanate’s top banker told Reuters on the sidelines of a banking conference………………………………………..Full Article: Source

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