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القائم بأعمال الرئيس التنفيذي لـ«حيا للمياه»: معالجة مياه الصرف الصحي تتم وفق أحدث التقنيات العالمية وباستخدام المُعالجة الثلاثية
alwatan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alwatan.com Daily Mail and Mail on Sunday newspapers.
World’s Best Banks 2021: Middle East
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May 04, 2021
This year was an exceptional one for everyone, everywhere, but perhaps even more so in the Middle East, where the economic slowdown induced by the pandemic was amplified by the drastic drop in oil prices and production.
As a result, regional GDP contracted by 3.8% in 2020, reports the World Bank in its April update, adding that the estimated accumulated cost of the pandemic in terms of GDP losses to the region’s economies by the end of 2021 will amount to $227 billion.
To try and weather the storm, governments set up stimulus packages and borrowed massively to sustain health care, housing and social welfare. As is often the case in times of crisis, structural imbalances were pointed out as major impediments to economic recovery, and decision-makers pulled the reform agenda back from their priority lists.
If merged, Bank Dhofar-NBO to be Oman s second largest bank
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Muscat: If merged, the combined entity of Bank Dhofar and NBO would be the second largest bank in terms of net profit. Both banks have good quality assets as reflected by their low NPL ratio of ~ four per cent and superior provision coverage ratio. Bank Dhofar has a relatively low capital ratio, which it is trying to improve by a rights issue of RO40 million soon, and we expect that to result in good capital position for the merged entity, says an analysis by United Securities Oman (USOman).
Bank Muscat wins Best Bank in Oman award
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MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, has won the Best Bank in Oman award by Banker Middle East. Omar al Musafir, Chief Representative Officer, UAE Representative Office, received the award at a ceremony held in Dubai attended by senior bankers from the region.
AbdulRazak Ali Issa, Chief Executive, said: “Bank Muscat is delighted to be chosen once again for the Banker Middle East award which attests the unrivalled position of the bank in Oman. Yearly, the bank adopts new initiatives to stretch its operational excellence and a keen perception of customer requirements enables the bank to remain focused on developing products and services in line with the current and emerging needs. Stemming from its flagship position, Bank Muscat delivers reliable, dynamic and innovative banking services.”
مؤشر بورصة مسقط يرتفع بنسبة 0 73% في مستهل جلساته الأسبوعية
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