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CBO instructs banks to expedite resolution of complaints

Code of Conduct: Quarterly regulatory reporting on complaints and disputes to become mandatory for all licensed entities effective from 2023The Central Bank of Oman (CBO) has.

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Oman heads Joint Arab Financial Institutions meetings

Jeddah: The Sultanate of Oman, represented by the Ministry of Finance, on Thursday headed the annual meetings of the joint Arab financial institutions and the 45th meeting of the.

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MSX ends week marginally higher

The MSX30 Index ended the week higher by 0.56 per cent. All sub-indices ended lower except for financial index. Industrial & service Index closed lower by 1.00 per cent and 1.30 per cent, respectively while financial index closed higher by 1.05 per cent. MSX Shariah Index closed lower by 0.18 per cent.The Omani government is planning to increase total public.

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CBO bans prizes on savings deposits from Jan 1

MUSCAT: The Central Bank of Oman (CBO) has instructed commercial banks in the Sultanate of Oman to end the longstanding practice of offering prizes against savings deposit schemes with effect from January 1, 2022.The measure came in a circular issued by CBO Executive President Tahir Salim al Amri on Thursday.Circular 1811 dated December 9, 2021, directs.

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