Banking

Muscat: Expanding the reach of Islamic banking in the Sultanate, Bank Nizwa opened its twelfth branch in Oman in Al Mabela to further drive the sector’s...

Muscat: Omani banks, including Islamic institutions, have achieved a year-on-year growth of 6.2 per cent at OMR23.3 billion by October-end of 2017. Credit...

New York: Royal Bank of Scotland (RBS) will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-backed securities to...

Muscat: In line with its strategy to transform itself into a pioneer in digital banking in Oman, Oman Arab Bank (OAB) has launched the new robotic process...

Muscat: Global Money Exchange, one of the leading money exchange houses in the Sultanate, has opened its fortieth branch at Awqad in Salalah. The new...

Muscat: Oman United Exchange (OUE), one of the leading money exchange houses in the Sultanate, announced the opening of its new branch in Mabela, situated...

Muscat: Omani insurance companies have achieved a marginal 0.3 per cent growth in direct gross insurance premium income at OMR358.16 million for the first...

MUSCAT: As part of its commitment towards the national focus on optimising the development of small- and medium-sized enterprises (SMEs), Sohar Islamic —...

Muscat: The asset quality, provision coverage and capital adequacy ratio of Omani banks are strong, despite a slowdown in economic activities in the country...

Berlin: Deutsche Bank is able to cope with the stricter capital rules on banks that were agreed this week, its finance chief told a German paper. “We are...