Category: Banking

OAB Conducts Training Programs for Undergraduates and Fresh Graduates

Oman Arab Bank (OAB) conducted a series of training programs for undergraduates and fresh graduates. The number of trainees involved in these programs reached 57 for the first four months of the current year, while the total last year reached 171. Not only did these programs provide the trainees with the expertise they needed to […]

Bank Nizwa Records 101% Net Profit Growth

Bank Nizwa announced its H1 financial results registering yet another strong performance across its operations in Oman’s banking sector. The bank recorded 101% growth in net profit after tax to OMR 2.6 million for period ended 30 June 2018 compared to 1.3 million last year. In addition, the bank’s total assets grew by 26% to […]

Personalised services

Abdulnasir Al Raisi, DGM – Premier Banking, Bank Muscat speaks about the bank’s vision in private banking and the unique premier banking services it offers. Excerpts from an interview Please share details of Bank Muscat’s Premier banking services? The vibrant premier banking experience offered by Bank Muscat encompasses Bank Muscat Private for exclusive private banking […]

Al Yusr Finances Movenpick Hotel

Al Yusr, the Islamic Banking Window of Oman Arab Bank (OAB), recently hosted the signing ceremony for the financing of the 4-star Movenpick hotel – Bowsher; a step that will boost Islamic banking finance for local projects within the tourism sector. Representing Karama Investment Company at the signing ceremony was Sheikh Omar bin Abdullah Al […]

Gaining momentum

Conventional and Islamic banks in Oman maintain a steady growth in the first quarter of 2018    Oman’s banking sector continues to grow at a reasonable rate and has maintained its success in meeting the credit needs of all economic segments, with special emphasis on the small and medium enterprise (SME) sector, which has resulted in […]

Meethaq concludes ‘Little Investor’ programme training  

Meethaq, the Islamic banking window from Bank Muscat, successfully concluded the 2018 ‘Little Investor’ programme for school students all governorates in the Sultanate. With the conclusion of the programme, a total of over 10,500 students have been trained in financial literacy across the Sultanate. The ‘Little Investor’ financial literacy programme succeeded in organising over 370 […]

Bank Muscat
Propelling Growth

Bank Muscat’s Meethaq Islamic Banking was recently felicitated with the Award for Outstanding Contribution to Strategic National Development Initiatives at New Age Banking Summit 2018. Deputy CEO, Sulaiman Al Harthy talks about the rising prospects of Islamic finance in Oman and Meethaq’s plans for tapping potential areas of growth. Muhammed Nafie reports How is Oman’s […]

Ahlibanbk to appoint Said Al Hatmi as new CEO

Ahli Bank has announced that its board of directors has accepted the resignation of CEO, Lloyd Maddock, who has decided to leave the bank for personal reasons, according to a disclosure statement posted on Muscat Securities Market (MSM) website. The board has also decided to appoint Said Abdullah Al Hatmi, the current senior general manager- as the new […]

NBO New HQ 5
National Bank Of Oman Launches Cashback Campaign

  In the spirit of the Holy Month of Ramadan, the National Bank of Oman (NBO) launched a ‘CashBack’ campaign to reward NBO cardholders for everyday purchases. For minimum purchase of OMR 5, customers are automatically entered to a daily draw to win up to OMR 100. The rewarded amount will be transferred to the […]