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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

Personal loans climb 4.8 pc to RO 11.4 bn in Oman

The household sector continues to benefit from relatively affordable borrowing rates

Oman records fewer bounced cheques as e-payments gain popularity

Around 362,000 bad cheques were issued during 2023.

Regulatory framework for Buy Now Pay Later service under development: CBO

Revenues from the fintech industry in the Mena region are projected to reach $3.5 - 4.5 billion by 2025.

Islamic banking assets in Oman surge by 17.4 per cent

The combined total assets of Islamic banks and windows in Oman reached approximately RO 7.600 billion.

Total credit granted by banks in Oman reaches RO 31.1 bn

Total credit granted by banks in Oman reaches RO 31.1 bn

Draft regulatory framework on Open Banking unveiled in Oman

The Open Banking Technology Framework include strong data security measures, standardized APIs, consent management mechanisms, and authentication protocols: CBO

CBO issues treasury bills worth RO 13.600 million

CBO issues treasury bills worth RO 13.600 million

CBO urges public to replace old banknotes before year-end

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Oman Housing Bank approves 2,762 housing loans worth RO 120 million

The number of loans granted to citizens in these governorates reached 2,072, with a total value of RO 88.798 million.

Private bank deposits in Oman increase by 8.8%

Private bank deposits in Oman increase by 8.8%

CBO issues RO 31.15 million worth of treasury bills

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Broad money supply in Oman grows by 12%

The growth resulted from a 7 per cent increase in cash and a 13.9 per cent rise in cash equivalents.

Islamic banking assets in Oman surge to RO 7.5 billion

Islamic banking assets in Oman surge to RO 7.5 billion

EDO successfully issues seven-year $750m sukuk

EDO’s office in Mina Al Fahal

CBO issues RO 100 million government bonds

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