The Network for Greening the Financial System aims to bring about fundamental change. The central bankers who created it made a strong start but face serious challenges.
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
Appointments in Hong Kong, Oman and Kenya
Second-longest serving governor leaves as oil prices put economy under pressure
Central bank is building financial stability capabilities
Tougher national rules aim to strengthen the most important banks
Joint initiative launched by GCC countries earlier this month wins IMF praise
Central Bank of Oman's Hamood Sangour Al Zadjali tells Central Banking journal the peg still offers 'substantial benefits' given Oman's economic structure
Central Bank of Oman's Hamood Sangour Al Zadjali on the dollar, financial stability and Islamic finance
Interview: Hamood Sangour Al Zadjali
Reveals the creation of an independent financial stability unit responsible for implementing macro-prudential policies; calls for a new macro-financial model and improved data collection
All banks operating in Oman will have to allocate 5% of credit portfolios to SMEs; prudential and collateral requirements relaxed to encourage lending
Omani authorities hope to increase jobs in the private sector by stimulating the flow of credit to small and medium-sized companies
Annual report says domestic demand and higher crude oil prices catalysed growth
Preparations underway for banking sector shutdown and cash demand surge during religious celebrations; both Central Bank of Bahrain and Central Bank of Oman will shut
Central Bank of Oman 2010 Annual Report highlights economic impact of political uprising in Middle East
IMF economists’ work indicates stage set for single-currency project
Central bank governors in the gulf have taken a significant step towards monetary union, backing the creation of a regional central bank.
Gulf Cooperation Council (GCC) countries with currencies pegged to the greenback will face a tough battle against inflation, the International Monetary Fund said on Monday.
If global oil prices remain high, foreign exchange reserves in the six Gulf Cooperation Council (GCC) countries will exceed $2 trillion by the end of this year.
The Central Bank of Oman upped banks' reserve requirement ratio on Sunday in a bid to curb rampant inflation.
In comments that throw the future of a currency union in the Gulf in further doubt, the governor of the Qatari central bank has suggested the central bank could deviate from its usual practice of shadowing the Fed's monetary policy decisions.
Oman's economy grew at 15.6% in 2006 the central bank reports in its annual report for 2006.