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CBO Allows New Activities for Finance and Leasing Companies

The Central Bank of Oman (CBO) has issued instructions, permitting licensed Finance and Leasing Companies (FLCs) to carry out additional business activities, including relaxing...
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Oman Channels Financial Surplus To Reduce Public Debt By RO1.1B In Q1 2023

The Sultanate of Oman today prepaid part of the government loans, about US$1.5bn, before their maturity date. In total, the government managed to reduce by...
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Oman Government Posts Positive Results in Financial, Economic, Monetary Indices in 2021

The government of the Sultanate of Oman, led by His Majesty Sultan Haitham bin Tarik, made major milestones in a number of financial, economic,...
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Finance Ministry Issues Statement On Fees For Govt. Services Rendered To Economic Activities

A Unified Guide outlining fees in Government institutions has been drafted by the Ministry of Finance in a bid to streamline procedures and services...
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Tenders Under RO10,000 Must Go To SMEs In Oman: Finance Ministry

Muscat: The Ministry of Finance today issued a circular on awarding tenders in Oman whose value does not exceed RO10,000 to Small- and Medium-sized...
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National Finance Partners With Information Technology Life To Provide A New Experience To Hearing...

National Finance, the largest finance company in Oman, with an extensive geographical presence across 20 branches, has partnered with Information Technology Life as part...
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A Review of Oman’s Banking And Monetary Developments In November 2020

Muscat: Data issued by the Central Bank of Oman (CBO) indicated that the total deposits held with ODCs reached RO24 billion at the end...
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Oman’s Fiscal Balance Plan 2020-2024 Announced

Muscat: The Sultanate has announced a Fiscal Balance Plan 2020-2024 that focuses on comprehensive initiatives to achieve sustainable levels of fiscal balance. With the blessing...
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