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News of Oman
Bank Nizwa Hosts Islamic Finance Seminar At SQU
Bank Nizwa , the first Islamic Bank in the Sultanate recently organised a one-day Islamic finance seminar at Sultan Qaboos University ( SQU ) with an aim to educate students about Islamic Banking. The seminar was organised by the bank for the students and Faculty of The College of Economics and (...)

19 - 05 - 2013
Bank Nizwa May Be Included In MSM30 Index
Bank Nizwa is likely to be included in the MSM 30 Index — the barometer of the market movement, as the liquidity in Bank Nizwa counter has increased tremendously in the recent past due to speculative trading. The bank listed its shares, following an initial public offering, last year, Times of Oman (...)

06 - 05 - 2013
ADX Index Declines Further In The Early Trade
The ADX General Index hovering between north and south stepped down to reach at 3,272.32 levels during the first couple of hours trading on Monday 29th April 2013. The index trimmed 5.90 points or 0.18 percent. Services and Investment & Financial Services sectors dropped 1.59 percent and 1.37 (...)

29 - 04 - 2013
«محلل سياسي» يطالب المعارضة المصرية بخوض المعركة الانتخابية
أفرد المحلل السياسي «ألفارو دي فاسكونسيلوس» مقاله له بصحيفة «Times of Oman»، للحديث عن الانتخابات البرلمانية الوشيكة في مصر، منوها إلى دورها في عملية الإصلاح السياسي للبلاد بعد ثورة 25 يناير 2011، بالإضافة إلى أنها من الممكن و أن تعمل على توفير الشرعية للحكومة الحالية و لجهودها في مخاطبة التحديات (...)

27 - 04 - 2013
Al Hilal Islamic Banking Board Meetsa
An expanded meeting for al Hilal Islamic Banking Sharia Supervisory Board was held recently at ahlibank's head office in Wattiyah. The meeting was chaired by Dr. Ali Mohyeddin al Qurah Daghi, and included Dr. Farid Mohammed Hadi, Dr. AbdulAziz al Qasar and Sheikh Aflah bin Ahmed bin Hamad al (...)

27 - 03 - 2013
Egypt Mulls New Law
An Egyptian parliamentary panel yesterday decided to draw up a new election law, aiming to avoid delays after a court cancelled President Mohamed Morsi's decree calling for parliamentary elections in April. The Administrative Court referred the election law to the Supreme Constitutional Court for (...)

12 - 03 - 2013
سلطنة عمان تقيم المؤتمر الأول لدعم البرمجيات الحرة فى 18 و19 فبراير
أعلنت المبادرة الوطنية العمانية لدعم البرمجيات الحرة عن فعاليات المؤتمر الأول للبرمجيات الحرة والمفتوحة المصدر بالسلطنة، وهو المؤتمر الذي سيعقد بجامعة السلطان قابوس في يومي 18 و19 فبراير الجاري. ويهدف المؤتمر إلى نشر استخدام البرمجيات الحرة ومفتوحة المصدر ودعمها وتعزيز الوعي بأهميتها كبديل فعال (...)

12 - 02 - 2013
Bank Sohar Announces Completion Of Rights Issue
The final subscription of Bank Sohar rights issue have been approved by Capital Market Authority on February 6, 2013. The total rights offered was 100 million shares, out of which 94.12 million shares were subscribed through applicable rights. For the balance 5.88 million shares, applications for (...)

11 - 02 - 2013
Oman raises minimum wage to avert future protests
Oman's parliament, the Shura Council, approved a much higher minimum wage and curbs on the employment of foreigners on Saturday, aiming to prevent joblessness again becoming a source of anger for Omani citizens. The cabinet proposed the moves last week in an attempt to spur private sector (...)

09 - 02 - 2013
Al Hilal Fund Pays Dividend
Al Hilal Bank has announced the first dividend payout by its flagship fund, Al Hilal Global Sukuk Fund. The fund, which was launched in March 2012, will distribute a 4.36 per cent dividend, and all registered unit holders of the fund, as of Dec. 31, 2012, will be eligible to receive this dividend, (...)

04 - 02 - 2013
HSBC's Oman Unit See Sharp Drop In 2012 Profit
HSBC Bank Oman HBOM.OM, formed last year by a merger of HSBC's Oman unit and Oman International Bank, posted a 62.7-percent slump in 2012 net profit, the bank said in a statement on Wednesday, hurt by integration costs and bad loans. The lender, Oman's second-largest by market capitalisation, made (...)

30 - 01 - 2013
Bank Sohar Discusses Strategy For 2013
Branch leaders from Bank Sohar recently held their first meeting of 2013, headed by Khalfan Rashid al Taley, DGM of Retail Banking at Bank Sohar , along with Salim al Maskary, AGM-Branches at Bank Sohar , at the bank's Learning Centre located in Qurum. Commenting on the success of the meeting, (...)

23 - 01 - 2013
Bank Sohar Unveils Hi-Speed Banknote Processing System
Bank Sohar , under the auspices of Munira bint Abdulnabi Macki, DGM (Human Resource & Corporate Support), has introduced a state-of-the-art banknote processing system from Giesecke & Devrient (G&D) at its MBD branch to further enhance customer service levels in the bank. "At Bank Sohar , we strive (...)

20 - 01 - 2013
Bank Nizwa Begins Operations
Bank Nizwa , the first Sharia compliant Islamic bank in Oman will open its headquarters today at Al Qurum with its branches being opened simultaneously in Sohar and Nizwa. The bank will open more branches gradually. The launch was announced after the release of the Islamic Banking Regulatory (...)

10 - 01 - 2013
TRA, Telecom Firms Sign Domain Pact
The Telecommunications Regulatory Authority (TRA) announced at a press conference that it has accredited Nawras, Omantel and Gulf Cyebertech E- Solutions as accredited registrars for the country code top-level domain (ccTLD) of Sultanate of Oman (.om) and the Arabic domain of Sultanate of Oman. The (...)

08 - 01 - 2013
Ahlibank To Hold Islamic Banking Seminar
In line with the Royal Decree of His Majesty Sultan Qaboos, which was issued in December amending the Sultanate's Banking Law to allow Islamic Banking services in Oman, Ahlibank Alhilal Islamic Banking Services is conducting a comprehensive market awareness campaign for Islamic Banking products and (...)

17 - 12 - 2012
Bankdhofar Ready To Launch Islamic Banking Services
BankDhofar is ready to launch 'Maisarah' Islamic Banking Services subject to the Central Bank of Oman (CBO) approval. 'Maisarah', meaning ease or comfort, will be a fully serviced Islamic window which will enable customers to access Sharia'a compliant products and services through its highly (...)

13 - 12 - 2012
OBIC Buys Majority Share In Renna Mobile
Oman Brunei Investment Company (OBIC) acquires a majority share of Renna Mobile, an Omani-based mobile virtual network operator, by injecting capital into the company. The capital is earmarked for Renna Mobile's further expansion plans. Renna Mobile CEO Joakim Klingefjord, said "yes, I can confirm (...)

11 - 12 - 2012
HSBC Bank Oman Announces Successful Completion Of Merger
Following the merger of HSBC Middle East Ltd's operations in Oman with Oman International Bank in June, HSBC Bank Oman SAOG announced the successful completion of the integration process in less than six months during a press briefing held at its head office in Al Khuwair. This entailed bringing (...)

03 - 12 - 2012
National Bank Of Oman Sets Up Retail Banking Souq At Lulu Barka
In its efforts to be closer to its customers, National Bank of Oman “NBO" recently held a first of its kind Retail Banking “Souq" within the premises of Lulu Hypermarket, Barka. Salim Saad al Malki, a prominent businessman who was the guest of honour inaugurated the “NBO Souq" in the presence of (...)

24 - 11 - 2012
NBO Signs Strategic Initiative With Nawras
National Bank of Oman (NBO) has signed an agreement with Nawras, to have joint sales and co-branding activities. A formal contract was signed by Salaam al Shaksy, NBO's CEO and Ross Cormack, CEO, Nawras, in the presence of senior management members from both organisations, at the bank's (...)

03 - 11 - 2012
Man United playmaker Kagawa out for month with knee injury
The Japanese international was substituted at halftime of United's 3-2 victory over Braga in the Champions League on Tuesday. "Shinji Kagawa is going to be out for three to four weeks," Ferguson told reporters. "It's a knee injury similar to the one (winger) Ashley Young had but not as bad. "I (...)

26 - 10 - 2012
Omantel's Second Carrier In Al Amerat
Omantel has announced the launch of a second carrier for its 3.5G network in Al Amerat with an objective to increase the network capacity and improve service quality. As a result of this major network improvement and starting from 00:00 hours today, Omantel customers residing in Al Amerat will (...)

25 - 10 - 2012
Oman's Bank Dhofar Q3 Profit Down 10.7%
Bank Dhofar, Oman's third-largest bank by market capitalization, posted a 10.7-percent drop in third-quarter net profit on Sunday, missing analysts' expectations, Reuters calculations show. The lender made a profit of 9.2 million rials ($23.9 million) in the three months to Sept 30, Reuters (...)

21 - 10 - 2012
NBO Nine Months' Net At RO 30.47 Million
National Bank of Oman ( NBO ) has achieved a net profit after tax of RO 30.47 million for the nine months ended September 30, 2012 compared to RO 27.26 million for the same period in 2011, entailing an increase of 12 per cent. Announcing its unaudited results, NBO also reported a 20 per cent jump (...)

20 - 10 - 2012
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