Thursday, September 19, 2019

Al Mazyona to mark 45th National Day with RO 450,000 prize...

Bank Muscat, the flagship financial services provider in the Sultanate, is all set to reward al Mazyona customers with the 45th National Day special draw offering big prizes totalling RO 450,000.
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Islamic institutions in Oman post robust growth

Islamic banks and window operations in the Sultanate affirmed that there are good opportunities for their growth in 2015 and 2016, thanks to the growing turnout for Sharia-compliant financial products.
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Meethaq initiative to highlight Islamic finance in economic development

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, launched a new initiative aimed at highlighting the role of Islamic finance in the economic development of Oman
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Bank Muscat, INSEAD join forces for best practices in banking sector

Bank Muscat, the flagship financial services provider in the Sultanate, in partnership with INSEAD, the leading international business school, recently conducted INSEAD’s customised strategic management programme entitled ‘Strategy for Growth and Long-term Value Creation’.
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HSBC Oman sees $3mn hit from Pakistan sale

HSBC Bank Oman said on Sunday the sale of its banking business in Pakistan to Meezan Bank Ltd will negatively impact its overall performance, to the tune of US$3mn.
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Bank Nizwa releases Islamic banking mobile App

As part of its digital expansion strategy, Bank Nizwa released its dedicated mobile app for Android and iOS phones and tablets to provide customers with greater banking accessibility through a wide range of user-friendly services. With the convenience of the app, users can instantly and securely manage their finances 24 hours a day, seven days a week.
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Bank Muscat launches ‘Let’s Go Green’ paper recycling programme

Bank Muscat, the flagship financial services provider in the Sultanate, as part of its ‘Let’s Do More’ vision and commitment to partnership in sustainable development, launched a unique paper recycling and waste disposal programme at the head office.
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HSBC Bank Oman doubles its international growth fund to OMR 40...

HSBC Bank Oman S.A.O.G. announced today that it is doubling the size of its SME-focused International Growth Fund, initially launched last year. HSBC is committing an additional OMR 20 million to Oman’s international and internationally aspirant SMEs, bringing the total value of the Fund to OMR 40 million.
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NBO mandates five banks for bond sale meetings

National Bank of Oman (NBO) has mandated five leading banks to arrange investor meetings starting tomorrow ahead of a potential capital-boosting bond sale. In a statement to the Muscat Securities Market, the bank said it has mandated Bank of America-Merrill Lynch, Citigroup, Credit Agricole, National Bank of Abu Dhabi and Standard Chartered for the potential offering.
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Capital Intelligence affirms Ahlibank FSR ratings at BBB

The international credit rating agency Capital Intelligence (CI) on Tuesday said that it has affirmed Oman-based Ahli Bank’s financial strength rating (FSR) at ‘BBB’, in view of the bank’s very sound loan asset quality.
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