Tagged: oman

March 29, 2021 @ 11:12 pm By Omar Faridi  |  

Fitch Ratings reports that the Islamic banking ecosystem in Oman is expected to continue growing during 2021-2022 after rather strong momentum last year. This, despite the COVID-19 outbreak and historically low oil prices, Fitch Ratings noted. Islamic financing in the MENA region country expanded by… Read More

March 24, 2021 @ 11:20 pm By Omar Faridi  |  

Dr. Saeeda Jaffar, Board Member, Managing Director and Head of Middle East at Alvarez & Marsal, notes that research performed by Checkout.com at the end of last year suggested that digital commerce and the digital payment sectors in the Middle East region were “set for… Read More

May 1, 2020 @ 9:56 pm By Omar Faridi  |  

The Gulf Cooperation Council (GCC), an intergovernmental political and economic union consisting of the Arab states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is expected to experience a significant increase in the use of Fintech platforms and services. The anticipated… Read More

March 27, 2020 @ 6:06 pm By Omar Faridi  |  

National Bank of Oman (NBO), one of the largest financial institutions in the country and its first local bank, aims to raise awareness regarding the importance of practicing safe banking during the coronavirus (COVID-19) outbreak. The NBO has taken several measures to ensure its clients… Read More

March 17, 2020 @ 11:36 pm By Omar Faridi  |  

Oman’s Ministry of Technology and Communications (MTC) has committed to a memorandum of cooperation (MoC) with BankDhofar at the Sas Center for the 4th Industrial Revolution (4IR), in order to manage a technology innovation lab at the center. The MoC was reportedly signed by Dr…. Read More

March 15, 2020 @ 3:14 pm By Omar Faridi  |  

Vinnie Lauria, an entrepreneur and venture capitalist who established Golden Gate Ventures, an early-stage VC company managing more than $250 million in assets, notes that his Singapore-based company has been watching emerging tech sectors across the Southeast Asia region. Lauria reveals that he’s seeing significant… Read More

December 30, 2019 @ 9:34 am By Omar Faridi  |  

The National Bank of Oman (NBO), the first local bank and one of the largest financial institutions in the Middle Eastern country of Oman, has been awarded Best Mobile Banking Application – Oman 2019 by the International Finance Magazine. The bank has also received various… Read More

December 17, 2019 @ 10:33 am By Omar Faridi  |  

Bank Muscat, the leading financial services provider in the Sultanate, recently revealed that the Central Bank of Oman has approved the institution’s request to establish a $100 million (appr. OMR38.5 million) nationwide, strategic Fintech investment program. The investment program is reportedly part of Bank Muscat’s… Read More

November 24, 2019 @ 10:42 am By Omar Faridi  |  

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have reportedly performed the first blockchain-based trade finance transaction in the Middle Eastern nation using R3’s Corda technology. According to a November 23 report from Oman Observer, Oman Oil and Orpic Group, the country’s largest… Read More

May 1, 2018 @ 3:43 pm By Samantha Hurst  |  

On Tuesday, Oman bank BankDhofar announced it is the first bank in Oman to join Ripple’s global enterprise blockchain network, RippleNet. According to BankDhofar, the blockchain network will help its customers save both time and money when sending payments overseas. The bank joins more than 100… Read More