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Banking & Finance

ahlibank’s total assets up by 11.8% in Q2; net profit for...

In its financial statements for the second quarter (ending June. 30, 2019) ahlibank has recorded a noteworthy growth surge of 11.8% in its total...
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StanChart Private Equity Spinoff Plans Middle East Investment

(Bloomberg) -- Affirma Capital, the private equity spinoff of Standard Chartered, plans to complete at least one acquisition in the Middle East and Africa over...
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Sohar International rights issue oversubscribed; Tier 1 capital raised by OMR40m

Sohar International recently announced the successful closure of its rights issue with an oversubscription. This raises its Tier 1 capital by OMR 40m.In spite...
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OAB becomes the first bank in Oman to be an ICAEW...

Oman Arab Bank (OAB) has added yet another feather to its cap by becoming the first bank in Oman to be recognised as an...
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Bank Nizwa reports 64% growth in net profit for Q2 2019

Bank Nizwa has reported OMR 4.3 million in net profit representing a 64% growth after tax for the period ended 30 June 2019, making...
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Credit Suisse Defies Bank Gloom With New Money, Trading Beat

(Bloomberg) -- Credit Suisse Group AG brushed off the gloom in European bank earnings as wealthy clients added new money and revenue from securities trading...
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New Age Banking Awards 2019 presented at NABS Dubai on 30th...

BusinessLive Middle East’s New Age Banking Summit and Awards 2019, held on 30th July at Armani Hotel Dubai received an overwhelming response. The summit...
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New Age Banking Summit, Dubai 2019: Digital Transformation in Banking &...

BusinessLive Middle East’s New Age Banking Summit 2019 drew an exceptional response from the banking and fintech sectors. Held on 30th July at Armani...
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New Age Banking Summit 2019: What’s Next for the Banking Sector?

The banking sector is going on phenomenal change, giving banks and financial institutions an opportunity to relook at its business models and launch new,...
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Oman’s Banking & Finance Sector Outlook

Oman's banking sector remained strong while supporting the growth of diversified economic activities in the Sultanate in 2018. The credit extended by ODCs (conventional...
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