Banking

Muscat: Bank Nizwa has announced a new reduced rate of 5.25 per cent for ready property financing, in a move aimed at offering a speedy solution for people...

Dubai: Net foreign assets at Bahrain's central bank fell in May, according to official data released on Sunday that may fuel concern about the...

Muscat: The Sultanate’s financial institutions, including Islamic banks, have achieved a robust credit growth in the first four months of this year. The...

Cairo: Egypt's central bank on Thursday kept its key interest rates unchanged as expected, expressing concern that inflation will rise after the...

Oman's commercial banks extend OMR20.90b in credit in the first quarter of 2018 Muscat: Credit extended by commercial banks in the Sultanate in the...

London: Banks have failed to make enough progress on their Brexit preparations and should not expect "miracle" public intervention to help them,...

Muscat: Bahrain Development Bank (BDB) announced the successful closure of its $100 million Al Waha Fund of Funds, making it the first active venture...

Beijing: China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps) to...

Muscat: Private deposits at commercial banks in the Sultanate at the end of the first quarter in 2018 witnessed a slight decline by 0.77 per cent to...

Portugal: A developing trade war between the world's biggest economies is weighing on business confidence and could force central banks to downgrade...