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BankMuscat wins top honours in Best Brands survey

MUSCAT, 9 January 2012 – In recognition of distinctive brand-building initiatives, BankMuscat has been voted the Best Brand in the banking segment in the annual Best Brands in Oman survey conducted by Business Today magazine.

BankMuscat took an unassailable lead over its nearest competition scoring 520 points in the top management choice compared to the runner-up which received only 130 points. In the popular choice, the Bank scored 4270 points as against the 790 points scored by the second place winner.

“As every year, BankMuscat is way ahead of the rest. Few brands have seen such complete domination. BankMuscat has clearly emerged the favourite among people from all walks of life, irrespective of their age or position. What is most commendable is the margin by which BankMuscat has won the top spot,” the business magazine said, hailing the Bank as the titan in the banking segment.

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BankMuscat wins top honours in Best Brands survey

MUSCAT, 9 January 2012 – In recognition of distinctive brand-building initiatives, BankMuscat has been voted the Best Brand in the banking segment in the annual Best Brands in Oman survey conducted by Business Today magazine.

BankMuscat took an unassailable lead over its nearest competition scoring 520 points in the top management choice compared to the runner-up which received only 130 points. In the popular choice, the Bank scored 4270 points as against the 790 points scored by the second place winner.

“As every year, BankMuscat is way ahead of the rest. Few brands have seen such complete domination. BankMuscat has clearly emerged the favourite among people from all walks of life, irrespective of their age or position. What is most commendable is the margin by which BankMuscat has won the top spot,” the business magazine said, hailing the Bank as the titan in the banking segment.

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MUSCAT, 8 January 2012 – BankMuscat, the leading financial services provider in the Sultanate, hosted the 4th meeting of Risk Officers Committee (ROC) comprising representatives of all banks in Oman. The committee was formed with a view to facilitating ex

8 January 2012, MUSCAT – A travel group that pioneered the growth of the tourism industry in the Sultanate has completed 40 years of successful operations.

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BankMuscat hosts 4th Risk Officers Committee meeting

MUSCAT, 8 January 2012 – BankMuscat, the leading financial services provider in the Sultanate, hosted the 4th meeting of Risk Officers Committee (ROC) comprising representatives of all banks in Oman. The committee was formed with a view to facilitating exchange of knowledge and keeping abreast with the latest developments in the ever evolving field of risk management.

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Oman Insurance Company announces appointments in senior management

Dubai, United Arab Emirates – 8th January 2012: Oman Insurance Company (PSC), the leading insurance services provider in the UAE and region announced the appointment of a new senior management team.

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Al-Iktissad Wal-Aamal organizes "Oman First Islamic Finance & Banking Conference"

President of the Islamic Development Bank, governors of central banks & 400 participantsto attend conference.

In collaboration with the Central Bank of Oman, Al-Iktissad Wal-Aamal organizes “Oman First Islamic Finance & Banking Conference, 23 and 24 January, 2012 at Al Bustan Palace Hotel - Muscat, Sultanate of Oman.

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BankMuscat set to spring a surprise with exciting 2012 savings scheme Rustaq branch customer wins RO 400,000 al Mazyona grand prize

MUSCAT, 7 January 2012 – Excitement gripped Markaz Al Bahja mall as Oman’s popular al Mazyona savings scheme from BankMuscat turned out to be a grand celebration for Rashid bin Hamed al Shukaili from Rustaq branch who won the second RO 400,000 jackpot prize of the 2011 scheme. H.E Mohammed Abdullah Al Busaidi, Wali of Seeb, presided at the mega event attended by senior bank officials and picked the lucky winner.

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Private Deposits at Commercial Banks/Report

Muscat, Jan 6 (ONA) --- The total value of private deposits at
the commercial banks in the Sultanate as of the end of October 2011
rose by 13.4% to (RO. 7.878,6) billion compared to (RO. 6.947,2)
billion in the corresponding period in 2010.

The monthly statistical bulletin published by the Central Bank of
Oman (CBO) pointed out that the gross value for the deposits as of the
end of September 2011 includes the time deposits stood at (RO.
2.934,2) billion, (RO. 2.406,6) billion saving deposits and (RO 2.446)
billion on demand deposits.

The bulletin pointed out that the total value for these deposits
include (RO. 7.286) billion and (RO. 592,6) million in foreign
currencies.

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ME Weekly Report - Qatar calls for GCC unification on domestic workers

Albert Fahil

The Muscat Securities Market Index showed a decline of 8.13 (0.14%) to the day high value of 5,712.12 points and the Dubai Finance Market drooped by 3.85 (0.29%) to the day high value of 1,351.67 points on January 4, 2012. The Bahrain Stocks Exchange surged slightly by 1.47 (0.13%) to the day high value of 1,135.66 points while the Kuwait Stocks Exchange declined by 26.70 (    0.46%) to the day high value of 5,782.10 points. The Qatar Stocks Exchange surged by 11.37 (0.13%) to the day high value of 8,910.21 points and the Saudi Stocks Exchange drooped by 6.01 (0.09%) to the day high value of 6,420.93 points.

Since its inception up to December 2011, Oman Development Bank has granted loans worth of RO 354 million for the various sectors in Oman. For these loans, the Oman government bears the 6% interests rate while the debtors have to bear only 3% interests. In addition, interest free loans have also been granted for traditional crafters as well. This week, Oman Tender Board awarded contracts to build 37 aerobridges at the Muscat and Salalah Airports. The construction will cost RO 6.2 million. Of the total of bridges, 29 would be constructed at the Muscat International Airport and the other eight would be built at the Salalah International Airport, sources stated.

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