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This article also features in Branching out: Sheikh Waleed Khamis Al Hashar, CEO, Bank Muscat, on utilising new technology to widen the scope of service offerings. Read more about this report and view purchase options in our online store.

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There were 202 results found for Oman and Financial Services

There were 202 results found.
Interview

Sheikh Waleed Khamis Al Hashar, CEO, Bank Muscat: Interview
OBG
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Interview: Sheikh Waleed Khamis Al Hashar How is the banking sector adapting to promote economic diversification and sustainable growth? SHEIKH WALEED KHAMIS AL HASHAR: Banks in Oman are developing strategies to support the sultanate’s economic diversification and foster sustainable growth. This shift is driven by Oman Vision 2040, the long-term development strategy to create a more balanced and…

Analysis

Oman's new banking regulations boost technological innovation
OBG
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Oman’s banking sector is undergoing a significant transformation, driven by the introduction of the new Oman Banking Law under Royal Decree No. 2 of 2025 and a regulatory framework for open banking. These initiatives reflect a proactive shift towards modernisation, aligning the sector with global standards and fostering a more dynamic, innovative financial landscape. Accelerating Modernisation The…

Analysis

Decentralised financing key to GCC diversification efforts
OBG
plus

GCC countries are increasingly embracing decentralised finance (DeFi) and attracting cryptocurrency firms as they seek to harness financial technology (fintech) innovation, expand services and boost financial inclusion. DeFi, characterised by peer-to-peer financial services without central authorities, is seen as a means for economic diversification and the adoption of Web3 technologies like blockchain,…

Analysis

Digital payment platforms grow in emerging markets
OBG
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Despite the ongoing macroeconomic and geopolitical headwinds experienced by the global economy, one area of the international financial system that has shown steady progression is digital payments. Since the Covid-19 pandemic, they have been spurred by a jump in remittance flows, and the greater availability of digital infrastructure and services, as well as higher demand for fast and seamless non-physical…

Analysis

Emerging markets shift to sustainability initiatives
OBG
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Impact investment – which is purposely designed to generate tangible social and environmental benefits alongside financial returns – presents promising risk-adjusted prospects. This type of investment not only provides value for investors, but can also advance the UN Sustainable Development Goals. According to the Global Impact Investing Network (GIIN), the impact investing market has experienced…

Analysis

Joint initiatives catalyse action as insurance providers mitigate risk
OBG
plus

With the launch of a new joint initiative to support the countries most vulnerable to climate change, the global insurance industry is evolving in ways that could carry important implications for business in emerging markets. The initiative, the Global Shield against Climate Risks (GSCR), was announced by the ministers of finance of the Vulnerable Twenty (V20) Group – which comprises economies susceptible…

Overview

Legislative updates and consolidation in Oman's banks
OBG
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Banking continues to be a key pillar of Oman’s financial sector, responsible for the majority of credit for individuals and institutions – both government-owned enterprises and the private sector. Recent years have seen credit and deposit expansion, with these growing along with banking services and the overall economy. The sector faces the challenges of enabling continued bottom-line growth while…

Overview

Financial services programmes deepen securities in Oman
OBG
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In addition to its banking sector, Oman’s financial services industry includes a growing insurance sector and rapidly developing capital markets. In 2024 the insurance sector maintained its growth trajectory, with higher revenue and profit, while the Muscat Stock Exchange (MSX) is advancing with major programmes aimed at deepening and widening its securities, bond and sukuk (Islamic bond) markets. These…

Chapter

The Report: Oman 2025: Financial Services
OBG
plus

Oman’s financial services sector is experiencing steady growth, particularly in insurance and capital markets. In 2024 the insurance segment recorded increased revenue and profitability, while the stock market advanced initiatives to expand offerings in areas like bonds and Islamic finance. These efforts coincided with significant regulatory reforms, including the creation of a dedicated supervisory…

Country Report

The Report: Oman 2025
OBG
plus

Oman is actively diversifying its economy as part of its Oman Vision 2040 strategy, reducing its reliance on hydrocarbons by expanding sectors like agriculture, fisheries, manufacturing, and banking. The government’s focus on sustainable development is driving growth, particularly through strategic reforms, infrastructure projects and investment in renewable energy...

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