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, 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: The investment promotion sector in the Sultanate of Oman is seeing a quantum leap, represented in the efficiency of the integrated system for attracting capital and supporting sustainable economic diversification. Ibtisam bint Ahmed al Farooji, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, said that the volume of foreign […]
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: 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 […]
Muscat: Oman’s Islamic finance industry, which reached a value of about $36 billion at the end of last year, is projected to balloon to $45 billion in 2026, underscoring the strong growth trajectory of Sharia-compliant finance in the Sultanate of Oman. According to Fitch Ratings, the sector is expected to witness double-digit growth this year, […]
Elon Musk’s rocket and satellite company SpaceX is seeking to raise about $75 billion in what would be the largest initial public offering (IPO) on record, according to an updated prospectus filed with the US Securities and Exchange Commission (SEC)on Wednesday. At an offering price of $135 per share, the company would be valued at […]
