Oman plans to sell US$2b sukuk

New Straits Times - - Business -

DUBAI: Oman plans to sell US$2 bil­lion (RM8.66 bil­lion) of Is­lamic bonds this month as it seeks to trim a bud­get deficit caused by lower oil rev­enue, said Fi­nance Min­is­ter Dar­wish Al Balushi. The crude ex­porter’s bud­get deficit would reach 12 per cent of eco­nomic out­put this year and would con­tinue to nar­row in the com­ing years, he said. “We are con­fi­dent that our econ­omy is head­ing in the right direction be­cause the govern­ment has taken sev­eral mea­sures for eco­nomic and fis­cal re­form,” he said.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.