Category: Banking & Finance

Banking & Finance
hackathon 1
NBO to host first ‘Hackathon’ in Oman’s banking industry

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 […]

Banking & Finance
Long-term vision

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 […]

Banking & Finance
Robust Growth

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 […]

Banking & Finance
Staying ahead of the curve

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 […]

Banking & Finance
Omani banks’ personal loans register 10 per cent growth

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 […]

Banking & Finance
nbo 1
NBO launches seamless banking to enhance Oman-UAE cross border trade 

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 […]

Banking & Finance
al izz islamic bank
Alizz Islamic unveils finance product to purchase land

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 […]

Banking & Finance
Abdullah Tamman Al Maashani
Untapped potential

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 […]

Banking & Finance
Best Performers felicitated in Oman Banking & Finance Awards

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.

OER is the leading business publication in the Sultanate of Oman. OER, part of United Media Services (UMS) Group, is the required reading for decision makers who value reliable, timely and authoritative business news reportage. As an advertising medium, OER presents an audience, which is premium at decision-making levels. For more info click here

UMS Group is one of the top media and communications’ companies in the GCC region. Visit our other Group sites