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 …
India’s ACME Group gets $490 million in funding for Oman project
Indian renewable energy company ACME Group said on Friday it raised 40 billion rupees ($487.98 million) in fresh funding from infrastructure finance firm REC , to start its green hydrogen and ammonia …
Oman: OQGN signs financing pacts worth $1.2bln
Muscat: OQGas Networks (OQGN), the exclusive operator of the natural gas transportation network in Oman, has signed three complex financing agreements with local and regional banks for a total …
Oman Arab Bank appointed as lead arranger in $1.2bln syndicated loan for OQ Gas network
To date, Oman Arab Bank, as a Group, along with its strategic partner Arab Bank PLC and its sharia compliant 100% subsidiary Alizz Islamic Bank, has spearheaded the financing of several notable …