Banking

Muscat: Arcapita, the global investment firm, announced that is has acquired a controlling interest in MC Sign Company, the leading nationwide provider of...

Muscat: Broad money supply M2 (M1 plus quasi-money) of banks in Oman grew by 3.7 per cent to reach OMR16.1 billion at the end of October 2017 during the...

Washington: US job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labour...

London: Borrowing costs across the euro area shot higher on Tuesday as a cut in monthly ECB asset purchases became a reality, with hawkish comments from a...

Frankfurt: Deutsche Bank will resume the payment of normal bonuses for 2017, the bank’s chief told a German newspaper, and some employees will get...

Muscat: The total outstanding credit extended to banks in Oman by other depository corporations stood at OMR23.3 billion at the end of October 2017,...

Muscat: Oman’s central bank raised OMR68.6 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 28 days,...

Muscat: The Board of Directors of Oman Arab Bank (OAB) has announced its endorsement of the CEO Amin Al Husseini’s recommendation to appoint his Deputy...

Muscat: With the aim of enhancing its employees understanding to Sharia related matters and to provide a greater insight into Islamic finance topics, Bank...

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...