Banking

Wednesday 04/July/2018 13:57 PM

Video: Bank Muscat focuses on providing digital banking solutions to corporations

Muscat: Bank Muscat is committed to lend its support to government entities and private corporations to make a mark in digitalisation to create a successful...

Tuesday 03/July/2018 15:02 PM

Bank Nizwa unveils reduced property financing rate

Muscat: Bank Nizwa has announced a new reduced rate of 5.25 per cent for ready property financing, in a move aimed at offering a speedy solution for people...

Monday 02/July/2018 13:33 PM

Bahrain central bank's net foreign assets fall in May

Dubai: Net foreign assets at Bahrain's central bank fell in May, according to official data released on Sunday that may fuel concern about the...

Sunday 01/July/2018 16:40 PM

Omani banks achieve 7.7% growth in credit till April 2018

Muscat: The Sultanate’s financial institutions, including Islamic banks, have achieved a robust credit growth in the first four months of this year. The...

Saturday 30/June/2018 14:53 PM

Egypt central bank keeps main interest rates unchanged

Cairo: Egypt's central bank on Thursday kept its key interest rates unchanged as expected, expressing concern that inflation will rise after the...

Saturday 30/June/2018 14:43 PM

Omani banks extend OMR20.90bn in credit

Oman's commercial banks extend OMR20.90b in credit in the first quarter of 2018 Muscat: Credit extended by commercial banks in the Sultanate in the...

Monday 25/June/2018 13:16 PM

EU watchdog tells banks to speed up Brexit preparations

London: Banks have failed to make enough progress on their Brexit preparations and should not expect "miracle" public intervention to help them,...

Sunday 24/June/2018 16:04 PM

Bahrain Development Bank closes $100mn venture capital fund of funds

Muscat: Bahrain Development Bank (BDB) announced the successful closure of its $100 million Al Waha Fund of Funds, making it the first active venture...

Sunday 24/June/2018 15:08 PM

China cuts some banks' reserve requirement ratios by 50 bps

Beijing: China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps) to...

Saturday 23/June/2018 14:42 PM

Private deposits in Oman's banks reach OMR12.47bn

Muscat: Private deposits at commercial banks in the Sultanate at the end of the first quarter in 2018 witnessed a slight decline by 0.77 per cent to...