MUSCAT, NOV 5 The Sultanate of Oman’s banking sector has continued to demonstrate resilience and stability, with total assets projected to reach RO 47.8 billion by 2025, almost doubling from RO 25.8 billion in 2015, according to figures presented during the Building a Future-Ready Bank summit organised by Cedar-IBS Intelligence. The report indicates that Oman’s […]
MUSCAT: Total assets of Islamic banks and windows in the Sultanate of Oman reached approximately RO 9.3 billion by the end of November 2025, accounting for 19.4 per cent of total banking sector assets. This represents a 12.3 per cent increase compared with the same period in 2024. Figures released by the Central Bank of […]
CONRAD PRABHU MUSCAT: Leading international ratings agency Moody’s has revised the outlook for Oman’s banking sector (Baa3 stable) to stable from positive, citing expectations that non-oil GDP growth will remain around 3.5% in 2026, which is expected to sustain loan growth. Economic activity is anticipated to be driven by robust sentiment, growth in tourism, and […]
MUSCAT — Oman’s banking sector is moving from digital adoption to an “intelligence-first” phase, where artificial intelligence, open banking and cybersecurity will define the next stage of financial services, the Governor of the Central Bank of Oman said. Speaking at the New Age Banking Summit Oman, he said digital transactions accounted for about 89 per […]
