banking

BankDhofar’s net profit inches up to RO30.6mn
January 17, 2021

BankDhofar’s net profit inched up by 1.13 per cent to RO30.585mn for the year ended December 31, 2020 compared with RO30.244mn net profit reported......

Continue Reading >
Bank Muscat posts 2020 net profit of RO 163.36 million
January 17, 2021

MUSCAT, JAN 16 – Bank Muscat has posted a net profit of RO 163.36 million for the year compared to RO 185.55 million reported during the same......

Continue Reading >
Citi Unifies Global Wealth Management Business
January 14, 2021

Citi announced today that it has created a single wealth management organization, Citi Global Wealth, unifying wealth management teams in Global......

Continue Reading >
Bank Muscat wins over 30 international, local awards
January 13, 2021

Bank Muscat won over 30 international and local awards and accolades in 2020 continuing its excellent performance from previous years, according......

Continue Reading >
CBO mandates banks to provide e-services for bulk payments
January 13, 2021

MUSCAT: The Central Bank of Oman (CBO), in collaboration with Ministry of Finance and Ministry of Labour, has mandated the banks operating in the......

Continue Reading >
CBO issues new banknote denominations
January 11, 2021

Muscat: The Central Bank of Oman (CBO) has issued new banknote denominations; 20 Rials,10 Rials, 5 Rials, 1 Rial, ½ Rial, and 100 Baisa for......

Continue Reading >
Oman banks disclose indirect exposure to embattled firm
January 7, 2021

Local Omani bank Sohar International has revealed that it has exposure to the tune of RO 6.5 million to the Omani joint venture partner of Drake......

Continue Reading >
CBO issues treasury bills worth OMR74 million
January 6, 2021

Muscat: Oman’s central bank raised OMR74 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period......

Continue Reading >
i2c to Power TAG - Pakistan's First Digital-Native Financial Super App
January 6, 2021

i2c Inc., a leading provider of digital payment and banking technology, announced that it has been selected to power Pakistan’s TAG, the nation’s......

Continue Reading >
Bank Nizwa signs financing deal for construction of AOU campus
January 4, 2021

Bank Nizwa recently signed an agreement with Arab Open University (AOU) to finance the construction of their new campus in Oman. The signing ceremony......

Continue Reading >