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World’s rich are rattled and looking for old-fashioned security

(Bloomberg) --A few blocks from Grosvenor Square in Mayfair, 46 Park Lane resembles a private club with wood-paneled walls and an ornate fireplace dating...
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UAE banking outlook stable on resilient credit profiles: Moody’s

The outlook for the United Arab Emirates (UAE) banking system remains stable as banks' credit profiles are resilient in a stable but subdued economy,...
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Worst-performing bank stock is now seeing world’s biggest surge

(Bloomberg) --India’s Yes Bank Ltd., the world’s worst-performing lender in 2019, has posted the globe’s biggest gain over the past month. Its shares have rallied...
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World’s Most-Loved Megabank Is Surrounded by a Lending Crisis

(Bloomberg) --All around HDFC Bank Ltd., India’s biggest lender by market value, the news seems to be bad and getting worse: economic growth is...
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Oman Arab Bank opens new modernised Al Waqaibah branch

Oman Arab Bank recently announced the opening of its latest updated and modernised branch in Suhar. The Al Waqaiba Branch, located in the commercial district,...
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Central bank of Oman building; oman banking sector review

CBO reviews new draft law to boost Sultanate’s banking sector

The Central Bank of Oman (CBO) Board of Governors met yesterday under the chairmanship of Sultan bin Salim al Habsi, Deputy Chairman, at CBO...
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Central bank of Oman building; oman banking sector review

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 years

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 Q1 2019 up...

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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