Bank Muscat, Oman's top lender, said the bank will recover the $39 million it lost in a global pre-paid card fraud after insurers agreed to indemnify the loss.
In a globally co-ordinated campaign, hackers broke into two uniden
Oman has appointed the Gulf state's top lender Bank Muscat to arrange a secondary share sale of a 19 percent stake in its biggest mobile telecommunications operator, Oman Telecommunications Co (Omantel).
The government plans t
Bank Muscat, Oman's largest lender, beat analysts' expectations with a 10.1 percent increase in its third-quarter net profit on Wednesday, Reuters calculations show.
The bank made a quarterly profit of
Bank Muscat, a top financial services provider, and national carrier Oman Air, have joined hands to launch a feature-packed co-branded credit card that rewards customers on all transactions and adds value to air travel experience.
Bank Muscat, the main victim of a $45 million global cyber heist, made a second-quarter net profit of 38.1 million Omani rials ($98.95 million), Reuters calculated, slightly higher than estimated.
Bank Muscat, Oman's largest lender, is looking at options to recover the $39 million it lost in a pre-paid card fraud, it said on Sunday, after US authorities brought to light a $45 million global cyber heist this week.
Bank Muscat, Oman's largest lender, will sell a $500 million five-year bond on Tuesday in its first dollar debt issue in nine years, with strong demand allowing the deal to launch at among the lowest borrowing costs available to it.
Bank Muscat, Oman's largest lender, has picked six banks to arrange meetings with fixed income investors ahead of a potential benchmark-sized bond issue, a lead manager said on Thursday.
The lender has chosen Citigroup, Credit