Banking & Finance
AED17.5 bn in credit facilities to non-residents in eight months
(WAM) — Credit facilities provided by UAE banks to non-resident clients rose by AED17.5 bn over the first eight months of the year, statistics by the Central Bank of the United Arab Emirates have shown.
The cumulative balance of bank loans to non-residents increased 10.5 percent by the end of August, bringing to AED183.5 bn the cumulative balance of these credit facilities against AED166 bn in December 2019.
According to the apex bank’s figures, UAE national banks provided the largest share of these loans, around AED148.7 bn, while foreign banks’ share in the cumulative balance of loans declined to AED34.8 bn by the end of August.
IKEA Welcomes Back Popular Iftar Offerings and Limited-Edition Home Collection this Ramadan
Jebel View International School to Launch in Muscat in September 2026 & Now Open to Visit
Grand Millennium Muscat’s exclusive Ramadan Iftar and Suhoor Experiences
Mitsubishi Motors Oman introduces the All-New Destinator
Lalan Inaugurates Its First Overseas Manufacturing Facility, Marking Sri Lanka’s First Investment in SOHAR Freezone
Sohar International Acts as Lead Collecting Agent for Oman Gateway Fund e-IPO, Enabling Seamless Digital Subscriptions
Kunooz Oman Holding Partners with Belgian company Etex for Local Gypsum-Based Business Development
International Heavy Equipment hosts Open Day at its Refurbished Facility in Sohar Industrial Area
CONNECT Celebrates 40 Years of Powering Oman’s Economic Growth Through Major Industry Events
OER, January 26
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Hospitality Industry in Oman Estimated 90% Growth in 2022
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
Celebrating Infoline’s Remarkable 20-Year Journey
-
Banking & Finance2 months agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
News2 months agoJamal Ahmed Al Harthy Honoured as ‘Pioneer in Youth Empowerment through Education and Sport’ at CSR Summit & Awards 2025
-
OER Magazines2 months agoOER, December 2025
-
News2 months agoAI Security Conference 2025 Hosted by Securado Highlights the Changing Cybersecurity Landscape
-
Insurance1 month agoSupporting Community Wellness: Liva Insurance Sponsors Muscat Marathon 2026 with Free Health Checkups
-
Interviews1 month agoEXCLUSIVE INTERVIEW: TLS Rebranding Marks Strategic Leap Toward Innovation, Sustainability & Growth
-
Insurance4 weeks agoLiva Insurance Supports Community Wellness Through “Experience Oman – Muscat Marathon 2026”
-
Banking & Finance4 weeks agoA New Platform for SME Growth: Oman Arab Bank Unveils Tumouhi