BUSINESS REPORTER MUSCAT, JUNE 17 The Central Bank of Oman (CBO) has announced a major reform of national payment system fees, removing charges on local digital fund transfers for individual customers and small and medium enterprises. The revised fee structure will take effect from July 1, 2026 and covers transactions made through the Real-Time Gross […]
Muscat- The Central Bank of Oman (CBO) has launched an electronic system to provide Sharia-compliant liquidity management tools to licensed Islamic banking institutions in the Sultanate. The structures of these instruments and their related contracts were approved after review by the Supreme Sharia Supervisory Board of the Central Bank of Oman, in accordance with regulatory […]
The Central Bank of Oman (CBO) has revealed the brand identity of the national payment card, which will be called ‘Maal.’ Banks in the Sultanate of Oman are already working on the project, which, according to sources, will be launched in the coming months. Maal will be a step toward achieving local self-sufficiency and continuing […]
Muscat: The Central Bank of Oman (CBO) has reminded the public that the deadline for replacing expired banknotes from previous issues is approaching. In an announcement, the CBO said banknotes issued prior to the Sixth Series 2020 can be exchanged through all banks operating in the Sultanate of Oman until the end of business hours […]
Muscat: The Sultante of Oman is experiencing a decline in unpaid cheques and non-sufficient funds incidents, reflecting improvement in payment reliability and stronger financial discipline, Central Bank of Oman’s Financial Stability Report 2025. However, technical errors such as stale cheques and early payments have shown a slight Total cheques presented for clearing, decreasing by 6 percent, indicating […]
The operational and financial performance of Money Exchange Establishments (MEEs) in the Sultanate of Oman continued to evolve in 2024, reflecting the ongoing transition amid rising digitalization. According to the Financial Stability Report 2025, key performance indicators such as profitability and revenue experienced notable declines. Sector-wide profits contracted sharply by 62.8 percent, despite a more moderate 6.1 percent […]
Muscat: The Central Bank of Oman (CBO) clarified on some messages and information claiming that it is possible to obtain the local “Maal” card through unlicensed individuals or entities. “We would like to emphasize that the “Maal” card has not yet been launched in the local market, and that the date of its issuance will […]
MUSCAT, Oct 24 Oman has restored investment-grade status and cut public debt sharply while building a pipeline of green-hydrogen projects, Central Bank of Oman Governor Ahmed bin Jaafar al Musalmi told the inaugural Oman Investment Forum in the United Kingdom this week. He said steady reform and a stable monetary framework were underpinning growth and […]
The Central Bank of Oman (CBO) said that the figures circulated in some circles on cash transactions in the Sultanate of Oman are not accurate. Official data with the Central Bank for the end of 2024 indicate that transactions conducted through digital channels in the Sultanate accounted for 87% of all executed transactions, while cash […]
Muscat – The Central Bank of Oman (CBO) has announced the approved fee structure for the national payment card “Maal” consumer Debit and Prepaid card. The announcement of the “Maal” card fee structure comes in conjunction with the announcement of the pilot launch of the card on November 20, coinciding with the celebration of Oman’s […]
