Message from the CEO
The Oman Banking and Finance Directory for 2016, published by Oman Establishment for Press, Publication & Advertising provides valid information about data on banks & other financial institutions operating in the Sultanate.
We are glad to present the Directory, which is in its third consecutive year of publishing.
Even as the weakening oil prices continue as a major concern, the economy of Oman appeared comfortably placed to weather the situation mainly thanks to the prudent policies followed by the government since the beginning of the Blessed Renaissance. The economy of Oman fared fairly well without much damage despite the oil market malaise. The Sultanate has proactively kept high fiscal buffers, higher capital requirements for banks, low government debt, and flexible wage contracts.
Despite the challenges facing the economy in the current scenario of low oil prices, the banking sector remains vibrant and promising.... read more