banking

Omani Rial rules strong against Indian, Pakistani currencies
May 18, 2022

Muscat: Expats in Oman who wish to send money to their families back home in India and Pakistan can continue to take advantage of high exchange rates......

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CBO issues treasury bills worth OMR27.9mn
May 18, 2022

Muscat: The Central Bank of Oman (CBO) raised OMR27.9 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity......

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ahlibank reports robust growth in first quarter of 2022
May 18, 2022

Muscat: ahlibank exhibited robust performance in the first quarter of 2022. The achievement comes as a result of its endeavour of being customer......

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S&P says GCC banks’ strong capitalisation supports resilience to cyber risk
May 18, 2022

Muscat – Banks in the GCC countries are managing their exposure to cyber risk effectively, including through investment in digital security,......

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Bank Muscat launches payments via QR code
May 17, 2022

Bank Muscat, the leading financial services provider in Oman, has affirmed its readiness and alignment to promoting financial inclusion and digital......

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Indo Gulf & Middle East Chamber of Commerce forms Oman chapter
May 16, 2022

Muscat – Indo Gulf & Middle East Chamber of Commerce (INMECC) has announced the formation of its Oman chapter. The announcement was made......

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Oman bank credit grows 2.8% in March; deposits up 4.7%
May 16, 2022

Muscat – Oman’s banking sector recorded a credit growth of 2.8 per cent in March 2022 compared to the same period a year ago, according......

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CBO issues treasury bills worth OMR129mn
May 11, 2022

Muscat: The Central Bank of Oman (CBO) raised OMR129 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity......

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Omani banks recover from pandemic pressures: Fitch Ratings
May 11, 2022

Muscat – Omani banks’ credit fundamentals are recovering as pressures on the operating environment have eased and economic activity is......

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CBO issues consumer protection regulatory framework for banks
May 9, 2022

Muscat – The Central Bank of Oman (CBO) has issued the Financial Consumer Protection Regulatory Framework (FCPRF) for licensed banks and finance......

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