GCC countries are seeing an increase in foreign capital flows this year and the main source of inflows remains sovereign bond issuance, according to the Institute of International Finance (IIF).
HSBC Bank Oman was named the ‘Best Domestic Cash Manager for Corporates’ in Oman in the Euromoney’s cash management survey 2018 for the seventh consecutive year. HSBC Bank Middle East Limited was also ranked as the Best Cash Manager in the Middle East region.
With aspiration of getting familiarised with the investment climate in Oman, a delegation representing Bahrain Chamber of Commerce and Industry on Tuesday visited the Public Establishment for Industrial Estates (PEIE).
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 Investors Service has assigned a B1 corporate family rating and B1-PD probability of default rating to OCTAL Holding SAOC.
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).
The Oman Chamber of Commerce and Industry (OCCI) will organise its first specialised seminar on value added tax (VAT) on Tuesday.
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.
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