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Banking & Finance

Goldman Blacklisted in Abu Dhabi in Fresh Blow From 1MDB Scandal

An Abu Dhabi-controlled investment fund has halted new business with Goldman Sachs Group Inc., adding to the growing fallout for the U.S. bank from...
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Saudi Said to Weigh More Bank Mergers as NCB Announces Talks

Saudi Arabia is exploring potential mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank, according to...
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Sustainable sports infrastructure

Bank Muscat handed over the sixth green playground, developed as part of its Green Sports initiative, to Al Qadsiya team in Adam. Bank Muscat marked...
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Meethaq to finance poultry farm project in Nizwa

Meethaq, the Islamic banking window of Bank Muscat, signed an agreement to provide Islamic project finance for Dar Al Tomouh company to set up...
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Meethaq teams up with Azimut to promote Global Sukuk Fund in...

Meethaq, pioneer of Islamic banking in Oman from Bank Muscat, and the Azimut Group, signed an exclusive partnership to promote the Global Sukuk Fund...
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Private deposits of Omani banks grow

Private deposits at commercial banks in the Sultanate as at the end of September 2015 rose by 7.98 per cent to OMR11,575.6 million from OMR10,719.5 million in the same period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).
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OAB Organises Workshop For High-potential Staff

Oman Arab Bank (OAB) recently held the Socialisation Workshop as part of its ongoing Leadership Enhancement and Development (LEAD) program for its ‘high potential...
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Bank Muscat net profit rises to RO 175.45 million

Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary unaudited results for the year ended 31 December 2015.
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CBO signs pact with DFSA

The Dubai Financial Services Authority (DFSA) and the Central Bank of Oman have signed a memorandum of understanding (MoU) to cooperate in the supervision...
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HSBC Oman gets best domestic cash management bank award

HSBC Bank Oman S.A.O.G. has been voted as the ‘Best Domestic Cash Management Bank’ in the Sultanate for the fourth consecutive year by the globally acclaimed Euromoney Cash Management Survey 2015.
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