Central Bank of Oman | Al Bawaba

Central Bank of Oman latest

The NPSL help strengthen Oman’s payment infrastructure while supporting the introduction of innovative and efficient payment channels. (Shutterstock)

August 15th, 2018 - 07:05 GMT

Oman Central Bank to Launch E-Wallets

The Central Bank of Oman (CBO) is currently framing guidelines to enable the efficient roll-out of electronic wallets (e-wallets) and other payment instruments used by banking and non-banking institutions, reported local news daily, Oman Observer.

The growth of overall employment in the private sector decelerated to 1.2 per cent in 2017 from an average of 8.5 per cent in the previous two years. (Shutterstock)

August 13th, 2018 - 08:54 GMT

Report: Omani Employment Increases 7 Percent in Private Sector

The surge in international oil prices helped Oman recover some portion of its nominal GDP that was lost during the contractionary period. (Shutterstock)

August 12th, 2018 - 08:02 GMT

Report: Oman Reduces Dependence on Oil to Boost Economy

The Central Bank of Oman reported that in 2017, up to OMR3.7 billion was sent overseas by expatriates living in the country, a slight drop from the OMR3.95 billion the previous year. (Shutterstock)

July 4th, 2018 - 11:52 GMT

More Than OMR3 Billion Worth of Remittances Sent by Expats in Oman Last Year

Saudi riyals. (File photo)

June 19th, 2017 - 12:38 GMT

Tough Monetary Conditions in GCC as US Fed Hikes Interest Rates

Saudi Finance Minister Mohammed Al-Jadaan during a press conference in Riyadh on December 22, 2016, to announce the country's national budget for 2017. (AFP)

April 19th, 2017 - 01:43 GMT

Declining oil prices pressure Middle East's economic growth: Report

The full impact of the recent corporate tax increase in Oman and higher royalty charges for telecom companies will result in earnings stress for listed companies during the first quarter of 2017. (Al Bawaba)

April 9th, 2017 - 11:44 GMT

Oman: Listed companies report 20 percent fall in net earnings

The Central Bank of Oman in Muscat. (File photo)

April 5th, 2017 - 09:51 GMT

Central Bank of Oman backs local money market with $154M treasury bills

The Islamic, or halal, food industry is valued at about $2 trillion a year. (File photo)

March 23rd, 2017 - 04:06 GMT

Oman eyes share of the halal food industry

After introducing the new levy, exchange houses were passing on the burden to customers. (Shutterstock)

February 19th, 2017 - 08:00 GMT

Oman u-turns on customs duty for imported bank notes

Any common currency to be announced is expected to be pegged either to the dollar or a basket of currencies because the volume of trade of the Gulf states with the countries of the European Union is much larger than that of their commerce with the United States. (Shutterstock)

October 31st, 2016 - 06:00 GMT

Is it time for a common Gulf currency?

The drop in oil prices has caused challenges in managing the fiscal position of the country. (Shutterstock)

October 25th, 2016 - 09:00 GMT

Oman to seek $10B in international bonds to meet budget deficit

Contraction in the nominal GDP in Oman in 2015 was mainly due to the sharp fall in crude oil prices in the global markets and fiscal policies pursued by the government. (Times of Oman)

July 5th, 2016 - 08:00 GMT

Oman: Low oil prices end five years of economic growth