The total bank credit of commercial banks in the Sultanate by the end of June 2017 stood at RO20,108.6mn compared to RO19,348.1mn during the same period of 2016,...
‘Oman-India Business Connect Forum’, hosted by Meethaq, the Islamic banking window of Bank Muscat, spotlighted investment opportunities for Indian investors in Oman as well as new...
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...
