Financial stocks lift Muscat Stock Exchange for third week Business

Financial stocks lift Muscat Stock Exchange for third week

MUSCAT: The financial sector continued to underpin trading on the Muscat Stock Exchange (MSX), with the sector index extending its gains for a third consecutive week as investors increased positions in banking, insurance and investment stocks. The financial sector index rose by 98 points last week, building on gains of nearly 300 points recorded over […]

Sayyid Theyazin chairman of International Financial Centre of Oman National

Sayyid Theyazin chairman of International Financial Centre of Oman

MUSCAT: His Majesty Sultan Haitham bin Tarik has issued a Royal Order appointing the members of the Board of Directors of the International Financial Centre of Oman (IFCO), a pivotal step in the Centre’s establishment that reflects His Majesty’s commitment to enhancing the Sultanate of Oman’s position on the global financial map. The Board shall […]

Oman banks face trust test as AI reshapes financial services Finance

Oman banks face trust test as AI reshapes financial services

MUSCAT, MAY 23 Oman’s banks must move beyond digital transformation and build trusted, AI-enabled financial ecosystems as technology reshapes competition, customer behaviour and the delivery of financial services, the CEO of the Oman Banks Association (OBA) said last week. Speaking at the New Age Banking Summit Oman, Mustahil bin Ahmed al Mamari said the banking […]