Bank Muscat, the Sultanate’s biggest bank, is anticipating a credit growth in the region of 14-15 per cent this year, thanks to high government spending, a substantial growth in number of Omanis entering the workforce and an increase in minimum salary of Omani workers.
Apart from huge spending for infrastructure development, the government has offered employment opportunities for 56,000 Omanis this year and the minimum salary will be raised from OMR200 to OMR325 from July onwards………………………………………..Full Article: Source