National Bank of Oman (NBO) will be hosting the Sultanate’s first ever ‘Hackathon’ to support the country’s talented innovators and tech-savvy community. Participants from universities, organizations and international startup firms will compete to produce the next big technological idea that will shape the way banks serve customers across the country. The Hackathon will take place […]
Category: Banking & Finance
David Eldon, Chairman, HSBC Bank Middle East Limited speaks to Mayank Singh about the bank’s performance, changes in the macro economic environment and future trends Things have been challenging economically in the GCC region. How do you rate the performance of HSBC Oman against this background? I have been around for long enough to know […]
Muscat Finance is expanding into new products like warehouse financing for corporates. We see the logistics sector as a promising growth sector and want to support it by offering a specialised product to build warehouses, says Chief Executive Officer Bikram S Rishi in an interview with Oommen John P Can you highlight Muscat Finance’s […]
Andrew Long, CEO of HSBC Bank Oman, talks about how the bank strives to play a significant role in the social and economic development in Oman How is HSBC Bank Oman contributing to the social and economic development of Oman and Omani people? At HSBC Bank Oman we understand that the success of our business […]
Oman’s conventional banks have posted a robust 10.44 per cent growth in aggregate personal loans, or consumer loan portfolios, which stood at OMR7,680.96 million by the end of June 2016 The growth in personal loan was attributed to the tendency of more and more customers availing of loan due to fear that interest rate may […]
National Bank of Oman becomes first Omani bank to launch seamless banking to enhance cross border trade across Oman-UAE National Bank of Oman (NBO) reinforced its commitment to Oman’s bilateral trade ties with the United Arab Emirates by launching a series of technological innovations to deliver a seamless banking experience for entrepreneurs and companies operating […]
As part of its efforts to make ownership of land a reality for all, Alizz Islamic Bank has introduced a land financing ‘Murabaha’ product that features several facilities and simple application process. Under the scheme, a customer wishing to purchase a piece of land just needs to submit the required application with a commitment to […]
Life insurance penetration levels remain extraordinarily low in Oman and across the GCC region. However, the rise of the affluent and middle class with more purchasing power, a growing awareness of insurance products and the advent of sharia-compliant life insurance products are expected to boost the industry in the long run The wisdom of insurance […]
BankDhofar has received an award for ‘Best Mobile Banking Implementation in the Middle East’ by The Asian Banker in recognition of its continuous efforts to lead the financial market in the Sultanate by providing best customer experience through state-of-the-art technology and implementation of cutting-edge e-banking solutions.
The best performing banks and leasing companies were felicitated in Oman Banking & Finance Awards, powered by Oman Economic Review (OER). The event was held alongside GCC New Age Banking Summit 2016 organized by UMS Conferences. His Highness Sayyid Taimur bin Asad Al Said, the Guest of Honour, presented the awards to the winners.