Banking

Muscat: Oman’s insurance companies have posted a 1.9 per cent growth in gross direct premium income at OMR454.64 million in 2016, from OMR446.18 million...

Muscat: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has signed a financing agreement with the Drug Manufacturing Company (DMC) for...

New York: Citigroup Inc. said U.S. authorities including the Securities and Exchange Commission are investigating the bank’s hiring of employees with ties...

Stockholm: Sweden’s government is putting forward a new proposal for a financial industry tax and will require banks to contribute more to a crisis fund...

Dubai: Bank Muscat, Oman’s largest bank by assets, is raising $500 million through a syndicated loan, banking sources familiar with the situation...

Muscat: Nama Holding, the Sultanate’s state-owned holding company in the electricity sector, has awarded the second phase of the advisory and mandated...

Muscat: Bank Nizwa, Oman’s first Islamic Bank, has announced the appointment of Khalid Al Kayed as its new chief executive officer. Al Kayed, in his new...

London: Global economy has weathered the new US administration's sweeping challenges to the status quo with surprising aplomb given serious threats made...

Muscat: Lanka Orix Leasing Company (LOLC), Sri Lanka’s second largest non-banking financial institution by asset size, acquired a 50.1 per cent equity...

Muscat: Bank Muscat, the leading financial institution in the Sultanate, posted a net profit of OMR176.56 million for 2016 compared to OMR175.45 million...