Oman’s Banking Sector, Anticipating Revitalized Credit Landscape in 2023
Oman’s financial landscape is primed for positive shifts, as indicated by the Central Bank of Oman’s Credit Conditions Survey. Forecasts for 2023 highlight increased credit demand across households, corporates, and SMEs, underpinned by a potential surge in lending growth. The survey echoes a robust appetite for corporate credit, especially in sectors like services, manufacturing, and transportation. Additionally, the SME sector is expected to thrive, reflecting the government’s commitment to entrepreneurial support. Overall, Oman’s banking realm seems poised for a buoyant trajectory in the year ahead.
Multiply Group Achieves Net Profit of $72.44 million in Q1-2023
Multiply Group, an Abu Dhabi-based investment holding company, on Tuesday announced that it has reported a net profit excluding fair value gains (losses) of $72.44 million, a 241% growth compared to the same period last year. The Group generated $82.52 million of dividends from its public market portfolio.
Israel targets ‘smart’ cities with new 5G mobile auction
Israel urged mobile firms to expand the deployment of fifth-generation sites to allow for ‘smart’ stadiums and hospitals on Wednesday, as the country launched its second 5G tender.
Analysis: Russian law on stock conversion baffles global banks, clients
Global investors and banks have been voicing confusion about their efforts to convert depositary receipts of Russian companies into ordinary shares in compliance with a new Russian law, according to advisors and client communications from the banks.
U.S. SEC warns against switching auditors to avoid Chinese company trading bans
U.S. accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies looking to avoid potential trading bans risk breaching U.S. rules, the U.S. Securities and Exchange Commission (SEC) warned on Tuesday.
Ericsson shares fall on worries of bigger fine as U.S. SEC starts probe
Shares of Ericsson (ERICb.ST) fell 2.5% on Friday as the chance of it suffering a higher fine increased with the U.S. Securities and Exchange Commission (SEC) starting a separate investigation into the company’s handling of misconduct in Iraq.
EXCLUSIVE Chinese regulators ask some U.S.-listed firms to prepare for audit disclosures – sources
Chinese regulators have asked some of the country’s U.S.-listed firms, including Alibaba, Baidu and JD.com, to prepare for more audit disclosures, sources said, as Beijing steps up efforts to ensure domestic companies remain listed in New York.
Explainer: Russia could work around SWIFT ban but with high costs
Western sanctions banning several Russian banks from the SWIFT international payments network with the potential threat of more to come if there is no end to the Ukraine conflict is likely to push Moscow to seek alternatives.
Apple to let iPhones accept credit cards without extra hardware – Bloomberg News
Apple Inc (AAPL.O) is planning a new service that will allow small businesses to accept payments directly on their iPhones without any extra hardware, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
EXCLUSIVE Zoom has joined tech industry counterterrorism group
Video-conferencing platform Zoom has joined a counterterrorism organization formed by major U.S. tech companies including Meta Platforms Inc (FB.O), formerly known as Facebook, and Microsoft Corp (MSFT.O), the group said on Wednesday.
