Oman's central bank is likely to keep its policy stance accommodative to boost confidence in the non-oil sector, although inflation may rise due to government spending to rein in social tensions.
The Sultanate, hit by social unrest ea
Oman's Al Izz International Bank, a lender under formation in the sultanate, plans to launch an initial public offering (IPO) in the third-quarter of 2011, its spokesman said on Sunday.
The new financial institution, whi
Two of Oman's biggest banks, Bank Muscat and Bank Dhofar, posted a rise in third-quarter earnings raising hopes for a positive year-end close for the country's banking sector.
Bank Muscat, Oman's largest bank by market value, s