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The Shari'a Supervisory Board of Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, conducted its third meeting of 2013 in Jeddah, Saudi Arabia under the chairmanship of Sheikh Dr Ali Qaradaghi, and in the presence of members Sheikh
The total value of private deposits at the commercial banks in the Sultanate, as of the end of May 2013, rose by 9.5 per cent to OMR9.33 billion compared to OMR8.52 billion in the corresponding period in 2012. The monthly statistical bulletin
47 pm Muscat : At the end of May 2013, broad money (M2) when measured on a year-on-year basis had increased by 9.4 per cent to OMR11.26 billion, compared to 10.29 billion same time last year. Narrow money stock (M1), comprising currency held by the
in the country increased by 9.6 per cent to OMR11.6 billion by end-June 2013, from OMR10.64 billion for the same period of last year...However, the credit growth on a quarter-on-quarter basis was around three per cent for March-June period of 2013. "
The Omani economy has continued to pick up with support from high oil prices and expansionary fiscal policies. Gross domestic product (GDP) at current prices increased in double digits by 11.6 per cent in 2012, with inflation well under control at 2.
BankDhofar is moving closer to its vision of being the best bank in the Gulf, as well as the best bank for its customers. The bank recently won the prestigious "Best Retail Bank Oman 2013" award at the Global Banking and Finance Review Awards 2013.
As part of its study for standardising the salaries and pension funds in the Sultanate, the Legislative and Legal Committee at the Majlis Al Shura, under the chairmanship of Said bin Ghanim Al Muqbali, yesterday held a meeting with officials at the
The balance of payments (BoP) situation in the Sultanate continues to remain comfortable, thanks to a robust growth in oil production and prices remaining at high levels. As hydrocarbon exports comprise more than two-third of total exports, the
The total value of private deposits at the commercial banks in the Sultanate as of the first quarter of 2013 rose by 9.2 per cent to OMR9.19 billion compared to OMR8.42 billion in the corresponding period in 2012.
The total bank credit by sectors at the commercial banks in the Sultanate during the first quarter of 2013 stood at OMR14.28 billion, compared to OMR13.14 billion during the same period in 2012, constituting a rise of 8.7 per cent.