Banking & Finance
CBO reviews new draft law to boost Sultanate’s banking sector

The Central Bank of Oman (CBO) Board of Governors met yesterday under the chairmanship of Sultan bin Salim al Habsi, Deputy Chairman, at CBO headquarters in Muttrah, according to Oman News Agency (ONA).
During the meeting, the board reviewed major economic, financial and monetary developments in the Sultanate during the third quarter of 2019 along with proposals aimed at enhancing the adequacy of CBO’s monetary policy.
https://www.businessliveme.com/oman/problems-loans-in-oman-set-to-rise-as-much-as-3-7-of-gross-loans-moodys/
The board is also said to have discussed and reviewed the new draft Banking Law, undergoing the process for legislative procedures. According to ONA, the new revised law will make sure that it is in sync with the changes and developments in the rapidly evolving banking sector.
The board also approved a number of internal policies and regulations concerning the operations of Oman Credit and Financial Information Centre, established under the Royal Decree No 38/2019, issued on May 12. The Centre has been set up to be a qualitative resource banking and financial institutions in Oman apart from helping boost the Ease of Doing Business Index in the country.
In addition, ONA said, the bank also reviewed the financial position of CBO as of August 31, 2019, and examined a report on CBO’s foreign investments performance. It also took stock of the activity reports of various CBO departments.
-
News4 weeks ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines2 months ago
OER, January 2025
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, January 2025
-
Automotive1 month ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Banking & Finance2 months ago
Ishraq Waqf Investment Fund Announces Extension of IPO Subscription Deadline
-
OER Magazines2 weeks ago
OER, February 25
-
Energy4 weeks ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
Manufacturing2 months ago
JSIS Promotes Steel Slag for Sustainable Construction Practices