Bank Muscat, Oman's largest lender, missed analysts' expectations despite posting on Wednesday a 59.1 percent jump in its first-quarter net profit, as it didn't repeat a one-off fraud provision that it was forced to make last year.
Kuwait Finance House (KGH)-Bahrain has signed a deal with Meethaq Islamic Banking Group, a unit of Bank Muscat, to support joint business opportunities in the Islamic banking sector.
This relates to areas of treasury transactions,
Bank Muscat, Oman's largest lender, plans to establish a 500 million rial ($1.3 billion) Islamic bond programme this year, and expects to conduct the first sukuk issue by an Omani bank in September, a bank official was quoted as saying.
Omani telecom services operator Nawras said it has partnered with top lender bank muscat to offer its customers new smartphones on zero down-payment and zero per cent interest.
As per the new scheme, customers can now get smartpho
Bank Muscat, Oman's top lender, said the bank will recover the $39 million it lost in a global pre-paid card fraud after insurers agreed to indemnify the loss.
In a globally co-ordinated campaign, hackers broke into two uniden
Oman has appointed the Gulf state's top lender Bank Muscat to arrange a secondary share sale of a 19 percent stake in its biggest mobile telecommunications operator, Oman Telecommunications Co (Omantel).
The government plans t
Bank Muscat, Oman's largest lender, beat analysts' expectations with a 10.1 percent increase in its third-quarter net profit on Wednesday, Reuters calculations show.
The bank made a quarterly profit of
Bank Muscat, a top financial services provider, and national carrier Oman Air, have joined hands to launch a feature-packed co-branded credit card that rewards customers on all transactions and adds value to air travel experience.
Bank Muscat, the main victim of a $45 million global cyber heist, made a second-quarter net profit of 38.1 million Omani rials ($98.95 million), Reuters calculated, slightly higher than estimated.
Bank Muscat, Oman's largest lender, is looking at options to recover the $39 million it lost in a pre-paid card fraud, it said on Sunday, after US authorities brought to light a $45 million global cyber heist this week.