To what extent is the sultanate’s inflation imported, and how is policy being tailored to address this?
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Articles & Analysis | New frontiers: The arrival of Islamic financial services is changing the sector’s landscape from The Report: Oman 2013
One of the most significant recent developments in Oman’s banking sector has been the arrival of Islamic banking, bonds and insurance – some rapidly growing global industries that were previously non-existent within the sultanate. The development of the Islamic financial services sector has been welcomed by many Omanis, while also giving impetus...
Articles & Analysis | Lending a hand: Greater competition brings a wider range of products and services from The Report: Oman 2013
Recent changes in the sultanate’s banking landscape have increased competition for loans, with banks now also switching some of their emphasis from retail to corporate. These moves come ahead of an expected acceleration in competition overall, as Islamic banks and banking windows enter the market operationally in late 2012-13, and a range of...
Articles & Analysis | Facing the risks: The central bank is seeking to keep personal debt in check as the appetite for credit grows from The Report: Oman 2013
With the Omani appetite for credit showing some substantial increases in 2011 and early 2012, the Central Bank of Oman (CBO) introduced some important measures to ensure this loan growth stayed within sustainable limits. The results have been good thus far, even if they have obliged banks to adjust and required banking equities to stabilise. The...
Articles & Analysis | An eye on fundamentals: Solid growth in the conventional segment and the introduction of Islamic financial services bode well for the sector from The Report: Oman 2013
Backed up by strong macroeconomic fundamentals and the sultanate’s reputation for stability and sound financial management, Oman’s banking sector is now starting a period of substantial change. In 2012-13, Islamic banks will enter the field for the first time, bringing heightened competition for deposits and loans, while also bringing wider...
The government is preparing the groundwork to give securities regulations an overhaul as part of Papua New Guinea’s (PNG) plans to enhance both its investment climate and international credit rating.