Category: News

Banking & Finance
BM
Bank Muscat wins Barclays STP award

Bank Muscat, the flagship financial services provider in the Sultanate, has won a prestigious straight through processing (STP) award from Barclays Bank in recognition of operational excellence in the field of British Pound (GBP) payments processing.

ECONOMY
Moodyslider
Moody’s assigns (P)A3 rating to Omantel’s proposed sukuk notes

Moody’s Investors Service, (“Moody’s”) has assigned a provisional (P)A3 rating to the proposed OMR50 million equivalent sukuk notes to be issued by First Issue S.A.O.C., (“First Issue”), a 99% owned subsidiary of Oman Telecommunications Company S.A.O.G. (“Omantel”, A3 stable).