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Sunday, May 31, 2026 | Dhu al-hijjah 13, 1447 H
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Banking

Oman banks face trust test as AI reshapes financial services

MUSCAT, MAY 23Oman’s banks must move beyond digital transformation and build trusted, AI-enabled financial ecosystems as technology reshapes competition, customer behaviour and the delivery of financial services, the...

Mustahil al Mamari, CEO — Oman Banks Association, addressing the New Age Banking Forum last week

Islamic banking assets in Oman reach RO 9.3 billion

The amount represents a 12.3 per cent increase compared with the same period in 2024.

CBO offers two new GDB issues

The instruments form part of the government’s domestic debt programme and provide additional funding options in the local market— ONA

Thawani Pay, Network International sign partnership

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Bank Muscat posts RO 255.54 million net profit for 2025

The Bank posted an increase of 13.3 per cent in net profit.

Bank credit in Oman expands to RO 35 billion

The largest share of credit went to the non-financial corporate sector, accounting for 47.2 per cent.

Banks eye Venezuela investment

People walk in front of a JP Morgan Financial Center in New York City. — Reuters

Banks, bourse and FDI drive Oman’s 2026 budget

Total debt at RO 13.827 billion in 2026 is equivalent to 33.0% of GDP.

Sohar International gets initial nod for HK representative office

The Hong Kong step comes after a period of major change for Sohar International at home and in the region.

Bank credit in Oman up 8.6%

Credit to the private sector increased by 4.4 per cent year-on-year to reach RO 21.6 billion.

Dollar firm ahead of central bank decisions

The dollar index, which tracks the greenback against a basket of major currencies, was little changed at 98.39 after rising 0.2% in the previous session. — Reuters

Central Bank of Oman rolls out partial payment cheque system

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How to use the Omani Rial symbol

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Apple Pay, Samsung Pay, mobile transfers: How customers make payments in Oman

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Maal: Oman has its own national payment card

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Pilot launch of Maal card on Nov 20, CBO announces fee structure

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