MUSCAT, JUNE 18 The Central Bank of Oman (CBO) is preparing to appoint an international consultancy firm as an Independent Assessor to provide assurance and validation support for its Central Bank Digital Currency (CBDC) programme, marking a further step in the Sultanate’s digital finance transformation agenda. Submissions for the related tender close on June 28, […]
Muscat: In line with the Royal Directives of His Majesty Sultan Haitham bin Tarik to enhance the efficiency of government and financial services, improve the business environment, advance digital transformation and stimulate economic growth, the Central Bank of Oman (CBO) has announced the implementation of comprehensive reforms to National Payment Systems fees. The reforms include […]
MUSCAT, JUNE 15 Oman’s economy is projected to grow by 2.4 per cent in 2026 despite a sharp slowdown across Gulf hydrocarbon exporters, according to the World Bank’s June 2026 Global Economic Prospects report. The forecast is 1.2 percentage points lower than the Bank’s January projection. The outlook contrasts with a challenging regional environment. GCC […]
MUSCAT: The Central Bank of Oman (CBO) will host the 17th Islamic Financial Services Board (IFSB) Summit in Muscat from February 2–4, 2026, under the theme “Islamic Finance for the Future: Unlocking New Horizons with Global Impact”. The summit will bring together central banks, regulators, international organisations and industry leaders to explore the growing role […]
Muscat: The Central Bank of Oman (CBO) has introduced the System of Partial Payment of Cheques, effective from December 15, 2025, in line with new regulatory instructions aimed at enhancing flexibility and efficiency in cheque settlements. Under the new system, cheque beneficiaries will be allowed to receive available funds from a customer’s bank account even […]
TOKYO: The dollar held gains against major peers on Thursday as markets positioned for key central bank decisions in Britain, Europe and Japan. Sterling remained under pressure after an unexpected drop in UK inflation strengthened the case for a rate cut by the Bank of England. The yen pared losses from the previous session as […]
MUSCAT: Total credit extended by conventional commercial banks in the Sultanate of Oman rose by 8.6 per cent by the end of October 2025, reflecting steady growth in banking activity, according to official data. Credit to the private sector increased by 4.4 per cent year-on-year to reach RO 21.6 billion, underscoring continued lending support to […]
MUSCAT: Total credit extended by Oman’s banking sector reached around RO 35 billion by the end of November 2025, representing an increase of 8.8 per cent. Credit to the private sector grew by 6.9 per cent to RO 28.7 billion, reflecting sustained lending activity. Data from the Central Bank of Oman showed that the largest […]
MUSCAT: Bank Muscat, the flagship financial institution in the Sultanate of Oman, announced its preliminary unaudited results for the year ended December 31, 2025. The Bank posted a net profit of RO 255.54 million for the period compared to RO 225.58 million reported during the same period in 2024, an increase of 13.3 per cent. […]
BUSINESS REPORTER MUSCAT/LUANDA, APRIL 20 In line with the objectives of Oman Vision 2040, aimed at economic diversification and strengthening the Sultanate of Oman’s international investment footprint, the African Bank of Oman (ABO) has officially launched in Luanda, Angola. Positioned as a specialised financial platform, the bank supports trade and investment flows between Africa and […]
