Banking

Muscat: Bank Sohar successfully closed the issue of up to 100,000 perpetual capital securities (including a greenshoe option) on a private placement basis,...

London: Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related...

New York: American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the...

Muscat: Oman’s central bank raised OMR60 million from treasury bills. The treasury bills were for a maturity period of 182 days, from September 27 to...

Dubai: HSBC is planning to add staff to its Saudi Arabian operations as the Kingdom embarks on one of the biggest economic transformations attempted by any...

Muscat: BankDhofar plans to float a rights issue worth OMR40 million to enhance the bank’s equity capital (tier I). The decision was taken by the board at...

Muscat: Alizz Islamic Bank was selected to act as joint lead manager for the recently issued Government of Oman seven-year US dollar Sukuk, along with a...

Muscat: Alizz Islamic Bank signed an agreement with Oman Oil Refineries and Petroleum Industries Company (Orpic) to provide Islamic financing facilities for...

Muscat: Gulf Cooperation Council (GCC) banks achieved a 6.5 per cent growth in assets in 2016, driven by increased lending to government and related...

Ankara: The arrest in the United States of a top Turkish banker charged with participating in a multi-year scheme to violate sanctions against Iran is a...