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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

CBO launches online system for Sharia-compliant securities

Central Bank of Oman

Oman's national payment card will offer a local alternative

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Oman to have its own national payment card

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Sohar International weighs China or Hong Kong

Sohar International has been expanding its footprint domestically and regionally

Oman banks on investors for Green Hydrogen push

Dr Firas al Abduwani

Oman offers RO 75 million development bonds for subscription

Bidding opened on August 13 and will close on August 19, 2025, with the competitive auction set for August 20.

Sohar International eyes majority stake in Saudi’s Neo Group

The proposed acquisition aligns with the bank's vision to expand its footprint in key regional markets.

Oman allocates RO 28.5 million in weekly treasury bills

The issuance included three maturities.

Development Bank loan approvals rise 13% to RO 110 million in H1 2025

This growth reflects the bank’s commitment to supporting Oman Vision 2040.

Oman boosts ties with Eurasian Development Bank

Discussions were centred on expanding partnerships between Oman and the EDB.

RO 60 million bonds at 4.3% to attract investors

The offering is open to all categories of investors, including both residents and non-residents, regardless of nationality.

Google Pay - a contactless payment option for Oman's Android users

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Bank lending in Oman rises 8% in May

Private sector lending rose by 6.8 per cent to RO 27.9 billion.

Ahli Bank halts merger talks, revives OMR 50m capital plan

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Conventional bank credit grows 7.9% in Oman

Credit to the private sector increased by 5.2 per cent, reaching RO 21.3 billion.
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