Oman
CBO signs PWC supervision agreement
The Central Bank of Oman (CBO) has signed an agreement with PricewaterhouseCoopers (PWC) to achieve a smooth migration into risk-based supervision (RBS).
Inflation major risk to GCC currency bid
According to this recent article published on the Trade Arabia website, petty politics and diverging inflation rates are the main risks to the Gulf's attempts to set up a monetary union by 2010.
Oman begins automated clearing
Oman's central bank has started its automated clearing house system for handling bulk electronic credit and debit transfers, according to the Oman Daily Observer.
Central Bank of Oman - Annual Report 2005
According to the Central Bank of Oman's Annual Report 2005, the macroeconomic environment of Oman in 2005 was characterized by strong economic growth, modest inflation, large surpluses in fiscal and balance of payments positions, monetary and financial…
British pound passes yen in central bank reserves
According to this article by Bloomberg News published Monday 10 July, central banks around the world are increasing their holdings of British pounds.
Comments: Reserve diversification
Recent reports of the diversification official foreign exchange reserves in the Middle East have not gone unnoticed. Economists are starting to ask if the prospect of large-scale reserve diversification is back on the international agenda, following a…
ECB to advise GCC states
The European Central Bank will advise Gulf states on their plans for possible monetary union a spokesman for the ECB was quoted by AFX as saying on Tuesday 18 April.
Central Bank of Oman - Annual Report 2004
According to the Central Bank of Oman's Annual Report 2004, the macroeconomic environment of Oman in 2004 was characterized by impressive economic growth, low inflation, financial stability, and most importantly, steady progress towards diversification…
Gulf seminar warns of monetary policy risks
A four-day regional seminar on 'monetary operations and liquidity management' in Muscat, Oman, has cautioned Gulf central banks against risks and challenges involved in monetary operations.
ECB advice sought by Gulf Arab states
A senior official at the GCC said on Thursday 15 September that Gulf Arab states will seek help from the European Central Bank in establishing a monetary authority to oversee their planned single currency.
Oman central bank hosts corporate governance forum
An Arab banking forum on corporate governance was scheduled to open on Monday January 17th under the patronage of Hamoud bin Sanjour al-Zedjali, Executive President of the Central Bank of Oman (CBO).
Central bank of Oman awards RTGS project to Imtac
The Central Bank of Oman (CBO) has signed a contract for the implementation of Real Time Gross Settlement (RTGS) with Imtac LLC, a leading IT solutions vendor, the Times of Oman reported Tuesday.
Oman plans new settlement system
The Central Bank of Oman (CBO) plans to introduce a real time gross settlement (RTGS) system for faster inter-bank transactions, a report said.
CBO tightens norms for appointment bank personnel
Under new rules banks will have to assess the suitability of candidates for senior positions such as CEO's under 'competence criteria' set by the central bank of Oman (CBO) before approaching the CBO for approval of the appointment.
Meeting of AGCC cb governors in Qatar
The meeting of AGCC central bank governors in Qatar on Thursday 3 April was due to discuss issues concerning the common AGCC currency and the supervision of the banking system, according to a report in the Times of Oman.
Customs union a step towards GCC integration
OMAN - The GCC monetary union is a stepping-stone for "higher order of integration among member states," said Hamoud Sangour Al Zadjali, Central Bank of Oman executive president.
AGCC reaffirms switchover plan to single currency
ARTICLE - Governors of AGCC central banks have reaffirmed their commitment to introducing a common currency for the six-member Arab states, as Gulf economies are gradually embracing the idea of globalisation and financial sector liberalisation.
Gulf asks ECB to study benefits of GCC currency
OMAN - Gulf Cooperation Council (GCC) countries have entrusted the European Central Bank (ECB) to conduct a study on the modalities to be followed while integrating the economies of member countries and to switch over to a common currency, said the…
Sectors fared well - Oman's c bank annual report
OMAN - The non-petroleum sectors in Oman recorded significant growth in 2001, according to the Central Bank of Oman's annual report.
Supervision seminar to be hosted by c bank of Oman
OMAN - Hamoud bin Sanjoor al Zedjali, Executive President of the Central Bank of Oman (CBO), inaugurated at the CBO on Sunday a regional seminar on supervisory developments and practices in the banking sector.
Oman c bank say anti-laundering law in final stage
OMAN - Oman's central bank chief said on Friday the Gulf country was close to issuing a law against money laundering, the official Oman News Agency reported.
Omani banks form national ATM network
OMAN - A deal to form a national ATM network called Oman Switch by merging Shamel ATM switch and al-Watani ATM switch was signed at the Central Bank of Oman (CBO) on 17 October in the presence of Hamood bin Sanjoor al-Zadjali, CBO Executive President.
Oman enacts new law to combat money laundering
OMAN - Oman has enacted a new law was being enacted to combat money laundering, said a senior official.
Oman to enforce anti-money laundering law soon
OMAN - Dr. Sheikh Abdul Malik bin Abdullah al Hinai, Undersecretary for Economic Affairs, said the Sultanate will shortly apply a law to combat money laundering.