BUSINESS NEWS

CBO board holds third meeting of 2018

CBO board holds third meeting of 2018
Muscat - 

The Central Bank of Oman’s (CBO) board of governors held its third meeting of the year on Sunday under the chairmanship of H E Sultan bin Salim bin Said al Habsi, deputy chairman of the board of governors. The meeting was held at the CBO headquarters.

Moody’s assigns first-time B1 ratings to OCTAL

Moody’s assigns first-time B1 ratings to OCTAL
Muscat - 

Moody’s Investors Service has assigned a B1 corporate family rating and B1-PD probability of default rating to OCTAL Holding SAOC.

NBFCs face challenges as assets decline and NPLs rise, says CBO

Muscat - 

Oman’s non-banking finance companies (NBFCs), also known as finance and leasing companies (FLCs), are undergoing challenging times as the slowdown in their assets growth, declining margins and increasing non-performing loans (NPLs) may put further pressure on profitability, according to the Central Bank of Oman (CBO).

OCCI to organise specialised VAT seminar on Tuesday

Muscat - 

The Oman Chamber of Commerce and Industry (OCCI) will organise its first specialised seminar on value added tax (VAT) on Tuesday.

Oman’s economic growth poised for a rebound in 2018: CBO

Oman’s economic growth poised for a rebound in 2018: CBO
Muscat - 

On back of higher than budgeted oil prices this year and benefits from the government’s diversification policy, Oman’s economy is well poised for a rebound in 2018, the Central Bank of Oman (CBO) has said.

CBO chief affirms remarkable growth in Islamic banking sector

CBO chief affirms remarkable growth in Islamic banking sector

Muscat - 

H E Tahir bin Salim al Amri, executive president of the Central Bank of Oman (CBO), affirmed that the sultanate’s Islamic banks and Islamic banking windows have demonstrated their ability to put their mark in Oman’s banking sector during the past six years.

Meethaq marks 5 year partnership in development of Oman's economy

Meethaq marks 5 year partnership in development of Oman's economy

Muscat - 

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, highlighted its successful five-year journey contributing to the country’s progress and development at a special media event on Tuesday.

GPCA Fertilizer Convention focuses on global food security

GPCA Fertilizer Convention focuses on global food security

Muscat - 

The ninth edition of the Gulf Petrochemicals and Chemicals Association's (GPCA) Fertilizer Convention officially began on Wednesday under the patronage of H E Dr Fuad bin Ja’afar bin Mohammed al Sajwani, Minister of Agriculture and Fisheries, at Kempinski Hotel Muscat.



Muscat daily recycle
COLUMNS

The Daily Mood: When silence is betrayal

So there I was watching yet another Netflix show from the Marvel stable, Iron Fist. The show oscillates between the realities of corporate sharks and everyday life and crime in New York, and the superhero warrior monk/long-lost heir from K’un-L’un, a fantastical other-dimensional land that touches base with Earth every 15 years. Barely three episodes in, the question it led me to had nothing to do with magical superheroes or cutthroat deals.