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CBO rises OMR55mn through treasury bills

The Central Bank of Oman (CBO) raised OMR55mn by way of allotting treasury bills yesterday. The bills have a maturity period of 91 days,...
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Islamic finance to expand rapidly in CIS countries in next five...

Islamic finance is set to expand rapidly in Commonwealth of Independent States (CIS) countries in the next five years from a very low base,...
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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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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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RBI Governor Das Sees Positives for India Economy: Read His Words

(Bloomberg) -- Reserve Bank of India Governor Shaktikanta Das gave his first interview with media since taking office in December. Here’s an edited transcript of...
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Dubai’s Limitless Seeks to Delay Debt Repayments for Third Time

(Bloomberg) -- Limitless LLC asked banks to delay debt repayments for a third time as an on-going slump in property prices weighs on the Dubai-based...
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Is Oman Ready for Cryptocurrency?

With the advent of rapid technological advancement in the financial sector, Cryptocurrency has gained significant momentum; and is regulated using encryption techniques. Drawing interest...
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Sohar International Introduces New Prize Scheme For Minor Accounts

Expounding on creative saving habits at a tender age, and reflecting Sohar International’s purpose of helping people ‘win’, the bank continues to offer innovative...
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Sohar International Introduces State-of-the-Art POS Device  

With a purpose to make people and organizations win, each in their respective manner, Sohar International recently introduced its point of sale (POS) services...
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