In August 2017 the Ministry of Health announced that private sector companies would be obliged to begin providing insurance for their employees starting in 2018. The move has set up the health coverage market, which has expanded in recent years, to generate even faster top-line growth. Speaking to OBG in January 2018, the regulator, the...
The Omani banking sector comprises a total of 16 conventional banks, of which seven are locally incorporated and nine are foreign banks. Apart from conventional lenders, there are also two fully fledged Islamic banks. Bank Muscat is the largest bank with a market share of around 45% by assets. It is the biggest listed company on the Muscat...
The sultanate is home to a well-developed stock exchange, the Muscat Securities Market (MSM), which was founded in 1988. The equity market has seen a decline in initial public offering (IPO) activity in recent years; however, it witnessed a resurgence in 2017 thanks to government-driven offerings, more of which are set to take place in 2018....
What policies has the Central Bank of Oman (CBO) pursued to relax reserve requirements and stimulate greater liquidity in the banking system?
Equity listings activity in the sultanate has been muted in recent years. After having steadily risen in number from two in 2012 to four in 2014, only one public offering took place in 2015 – though the listing, of Phoenix Power Company, was the largest in recent years, raising OR563.1m ($1.5bn), more than double the combined value of all...
The telecoms market experienced a continued rise in revenue and investments in 2016, with growth rates of approximately 5.6% and 30.9%, respectively.
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