Oman Arab Bank (OAB) has received a non-binding letter of intent from Bank Nizwa regarding a proposed merger involving its subsidiary, Alizz Islamic Bank.
Omani olive oil brand Olio, produced from Jabal Akhdar olives, has won three gold medals at leading international extra virgin olive oil competitions, highlighting the growing global recognition of Oman’s agricultural products.
This latest addition builds on the Bank’s continuous initiatives to enhance electronic payment technologies and digital services.
Credit Oman’s total insured sales reached approximately RO 107 million by the end of the first quarter of 2026, marking a 3 percent increase compared to the same period last year.
Local banks listed on the Muscat Stock Exchange recorded a strong performance in the first half of the year, with combined net profits rising by 10.6 percent to RO 305.2 million.
Oman’s foreign direct investments increased by 8.7 percent at the end of the first quarter of 2026 compared to the same period in 2025, reaching RO 32.197 billion.
The total capital of real estate and investment funds in the Sultanate of Oman recorded strong growth in 2025, rising by 89.9 percent to reach around RO 1.2 billion.
Brent and WTI post weekly gains of nearly 13% amid concerns over disruptions to key global oil trade routes.
If completed, the merger would combine Bank Nizwa, Oman’s first full-fledged Islamic bank, with Alizz Islamic Bank, creating a larger Sharia-compliant banking franchise, while bringing Ominvest in as a major strategic shareholder.
Muscat Stock Exchange "MSX 30" index today closed at 7,480.61 points, down 90.8 points, or 1.20 percent, from the previous session's close of 7,571.40 points.
The occasion served as a celebration of the longstanding friendship between the two nations, their growing economic collaboration, and the enduring cultural and sporting bonds that have further deepened bilateral relations.
Al Wusta Governorate has signed agreements worth RO 1.53 million to implement a series of development projects in the wilayats of Haima and Mahout, aimed at strengthening infrastructure and improving public services.
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