Capital Intelligence, the international credit rating agency, considers Oman’s ‘A’ sovereign credit rating to be capable of withstanding a temporary downturn in oil prices this year and possibly next owing to the authorities’ sizeable reserve cushion

Stock markets in the Middle East rebounded on Monday following a series of local and international measures to try to ease the global financial crisis.

BankMuscat (SAOG), Oman’s leading financial services institution, achieved a net profit of RO 57.8 million for the half year ended June 30, 2008 as against a net profit of RO 40.2 million reported during the same period in 2007, which resulted in an