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Latest Oman Banking News

  • DLA Piper Forms New Association In Saudi Arabia - Law Firm Announcements 8 Jul 2008 21:48 GMT
    ... also has extensive experience advising multinational corporations, banks and private companies on corporate and commercial matters, ... launched offices in Abu Dhabi, Qatar and Oman, giving the global practice four integrated offices across ...

  • Gulf unlikely to modify currency plan this year 8 Jul 2008 21:12 GMT
    ... At a meeting in June, Gulf central bankers finalised a draft monetary union deal as ... last, driving up import costs. Gulf central banks have also been forced to track seven ... project was pushed off the rails when Oman decided in 2006 not to join and Kuwait ...

  • Gulf markets in turmoil; Tadawul the biggest loser 8 Jul 2008 20:11 GMT
    ... since the beginning of the year. The banking sector also witnessed a decline, including Riyad Bank ... second day, following the sale of 25% Omantel shares to a strategic investor. Omantel traded ...

  • DME told to tighten oil rules 8 Jul 2008 19:51 GMT
    ... contract, as well as one for its Oman Crude Oil Futures Contract. Both contracts are traded ... companies and other risk-hedgers, and non-commercial, including banks and other speculators. The new requirements on the ...

  • Global : All the regional markets declined with the sole exception of Kuwait which gained 1.4% during the month. 8 Jul 2008 19:31 GMT
    ... During the month, the growth trend in Oman market was reversed. MSM Index declined by ... Respective Stock Exchanges and Global Research Saudi Banking Sector Saudi banking industry consists of 18 banks. With the total banking assets to GDP ...

  • News Minute: Iraq wants timetable...More help for Wall Street...Greenhouse cuts 8 Jul 2008 14:53 GMT
    ... the Persian Gulf to the Gulf of Oman. That'll reduce the time the carrier's strike planes ... might extend its lending efforts to investment banks. Investors are also happy to see oil prices ...

  • Gulf to set new currency deadline in 2009 8 Jul 2008 14:31 GMT
    ... At a meeting in June, Gulf central bankers finalised a draft monetary union deal as ... last, driving up import costs. Gulf central banks have also been forced to track seven ... project was pushed off the rails when Oman decided in 2006 not to join and Kuwait ...

  • S&P Fund Services: Optimistic Middle East fund managers riding oil price and booming markets 8 Jul 2008 11:53 GMT
    ... resulting in a drop of 13.7% YTD. Oman was the best performing market with a return ... what is effectively imported inflation, as central banks mimic the US Federal Reserve rate cuts. The ...

  • Shakeela Moosa appointed as General Manager of Summertown Joinery Division 8 Jul 2008 11:16 GMT
    ... a range of skills developed in both Oman and the UAE. Initially starting as a ... Gold and Commodities Exchange (DGCX), Sumitomo Mitsui Banking Corporation (SMBC Bank), Medserve and the Petroleum Institute ...

  • Mr Albert Brunner, CEO, Bangalore International Airport Project 8 Jul 2008 05:26 GMT
    ... May 27, Tiger Airways on June 01, Oman Air on June 16 and Dragon Air (Subsidiary ... have the following facilities for the users: Banks, conference rooms, training rooms, business centre, help desk, ...

  • In Mideast, Pinoys save more with cheaper gas 8 Jul 2008 05:19 GMT
    ... equivalent of P10 per liter. Gasoline in Oman sells for 0.2 riyals or P13, Bahrain at ... Monday on concerns that the top two mortgage providers would have to raise even more ...

  • Global Update: Who's where and doing what 8 Jul 2008 03:56 GMT
    ... he previously served as Director of Investment Banking at Salomon Brothers, based in both New York ... of the Shangri-La Barr Al Jissah in Oman. He had previously served as General Manager ...

  • Omantel sale pushes Muscat shares 8 Jul 2008 03:55 GMT
    ... the decline today, after making record profits. Omantel's share led the index upwards today, following ... to buy more shares, which pushed some banks to make good gains. Arab National Bank ... a result of the extensive selling in banking sector. According to a Rasmala report, Doha ...

  • Emaar drags Dubai down while Aabar leads slide in Abu Dhabi 7 Jul 2008 21:50 GMT
    ... gains into a second day, helped by banking stocks that have gained after Riyad Bank ... issues. "Riyad Bank's profit surge indicates other banks will do well," said Abdullah Al Aqil, ... 0.36 per cent to 9,517.32 points. In Oman, Shares of Oman Telecommunications Co (Omantel) ended ...

  • Saudi extends gains into second day 7 Jul 2008 18:50 GMT
    ... gains into a second day, helped by banking stocks. (Getty Images) Saudi Arabia’s main index ...   “Riyad Bank's profit surge indicates other banks will do well," said Abdulla Al-Aqil, trader ... 0.9 percent to 5,042.03 points. Shares of Oman Telecommunications Co (Omantel) ended up more than ...

  • Emerging Markets Report: Oman seeks to sell 25% stake in telecom Omantel 7 Jul 2008 18:31 GMT
    ... Oman seeks to sell 25% stake in telecom ... sectors of the economy like telecom and banking," he said. "They are among the least ... an official reference rate at which central banks buy and sell. Kuwait, also a GCC ...

  • Go-ahead given for $64mn property deal 7 Jul 2008 16:11 GMT
    ... a 20 percent stake in a new 25-million-rial ($64.94 million) real estate company in Oman. Masraf, which offers banking services complying with Islam's ban on the payment or receipt of interest, said on Monday ...

  • Will Arabian investors do a Hunt to silver? 7 Jul 2008 14:12 GMT
    ... is used in traditional handicrafts such as Omani daggers and jewelry boxes. But the fact that ... and are now deflating as inflation drives mortgage costs up and disposable income down. Inflation ...

  • Masraf to buy stake in Oman property firm 7 Jul 2008 13:52 GMT
    ... per cent stake in a new, RO25 million ($64.94 million) real estate company in Oman. Masraf, which offers banking services complying with Islam's ban on the payment or receipt of interest, said National Mass ...

  • --> Invesco PowerShares to List MENA Frontier Countries ETF on NASDAQ 7 Jul 2008 12:30 GMT
    ... currently includes securities domiciled in: Egypt, Morocco, Oman, Lebanon, Jordan, Kuwait, Bahrain, Qatar and United Arab ... by the United States, foreign governments, central banks or supranational entities and currency controls or other ...

  • Invesco PowerShares to List MENA Frontier Countries ETF on NASDAQ 7 Jul 2008 12:15 GMT
    ... currently includes securities domiciled in: Egypt, Morocco, Oman, Lebanon, Jordan, Kuwait, Bahrain, Qatar and United Arab ... by the United States, foreign governments, central banks or supranational entities and currency controls or other ...

  • In the papers 7 July 7 Jul 2008 09:32 GMT
    ... and Waterford. The Financial Times reports that Oman is looking to sell a 25 percent ... technical issues with Bank of Ireland's online banking service left some customers unable to access their ...

  • Foreigners still find good values in M'sia 7 Jul 2008 04:29 GMT
    ... from high-end manufacturing, property development, information technology, banking and biotechnology, among others. Japanese printed circuit-board maker ... countries comprising Saudi Arabia, Bahrain, Qatar, Kuwait, Oman and the United Arab Emirates. Currently, six ...

  • Saudi gains as banking stocks rally 6 Jul 2008 22:13 GMT
    ... BANKING SURGE: Saudi's main index gained more than 1% ... index 0.14 percent higher to 5,087.96 points. Oman's main index closed higher for a fifth ...

  • Dubai index posts losses for third consecutive day 6 Jul 2008 21:15 GMT
    ... gained more than one per cent as banking stocks rallied after Riyad Bank beat expectations with ... cent and SABB bank 4.57 per cent. Oman's main index closed higher for a fifth ...


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