Muscat: The Central Bank of Oman (CBO), which released the eleventh issue of the Financial Stability Report (FSR) 2023, has said that the …
Climate change risks to Oman’s financial system ‘concerning’: CBO
Climate change-related risks pose “significant concerns” to the financial system in the Sultanate of Oman, the Central Bank of Oman (CBO) …
Gulf central banks raise interest rates as Fed benchmark hits 22-year high
The central banks of the UAE, Saudi Arabia, Bahrain, Kuwait, Oman and Qatar raised their benchmark borrowing rates after the US Federal Reserve pushed its key interest rate to a 22-year high to tame …
Oman’s OQ Gas Networks inks $1.2bn syndicated loan
including Oman Arab Bank, to the tune of $1.2 billion. A major financial group in the sultanate, Oman Arab Bank is the only Omani bank among the lead arrangers, that has been signed up for the …
Oman’s financial system exhibited remarkable resilience: CBO report
Muscat: The Central Bank of Oman (CBO) released the eleventh issue of the Financial Stability Report (FSR). The FSR 2023 indicates that the “Omani financial system exhibited remarkable resilience to …
Oman’s financial system shows resilience: CBO report
MUSCAT: The Central Bank of Oman (CBO) released the eleventh issue of the Financial Stability Report (FSR).The FSR 2023 indicates that the …
Generative AI could help Oman reap $1.3bln in economic benefits by 2030
Oman is likely to reap about US$1.3bn per year in economic benefits by 2030 as investments in generative AI continues to grow …
ACME Group secures $488 million funding for major hydrogen project in Oman
Indian renewable energy company ACME Group has successfully raised Rs40 billion ($488 million) in fresh funding from REC, one of the largest green infrastructure financial institutions. . ACME Group …
Oman’s FDI inflows reach $3.72 billion in 2022: Report
In a positive development for Oman’s economy, the country witnessed a significant surge in foreign direct investment (FDI) inflows during the …
Reforms to reshape Oman’s landscape for social care
Muscat: Oman is getting all-round praise for its ambitious social reforms initiated by His Majesty Sultan Haitham bin Tarik with the issuance of Royal Decree No. (52/2023) on the Social Protection Law …