Bank Muscat and Imdad Real Estate Development Company signed a memorandum of understanding (MoU) to provide attractive baituna home finance for exclusive residential units in the...
A growth in state revenue coupled with a reduction in expenditure led to a much lower deficit in the first half of 2017 between January and...
Islamic banks and window operations have a combined market share of 11.6 per cent in Oman’s total bank assets. According to the latest monthly report released...
Oman’s central bank floated a tender for Treasury Bills to raise OMR35 million. The Treasury Bills have a maturity period of 91 days, from August 23...
Bank Nizwa has achieved a 200 per cent growth in net profit in the first half of 2017, which was the higher growth rate in Oman,...
National Finance Company and Oman Orix Leasing Company have received in-principle approvals from the Central Bank of Oman for their proposed merger. However, it is subject...
Oman Arab Bank (OAB) on Monday launched its new unified digital banking platform with an all-new simplified interface used across all digital channels including Internet, ATM,...
Bank interest rates in Oman have increased in view of the tight liquidity situation and increased competition among banks for deposit mobilisation. The weighted average interest...
Mobile payment clearing and switching (MpClear), a unique system aimed at enhancing the payment infrastructure of the country, was launched recently, according to a statement by Central Bank of...
The annual report of the Central Bank of Oman (CB), released today, says Oman’s economy is expected to witness a slowdown in 2017, but the country...
