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.

Asia sits out equities rally as Alibaba slides

Asian shares sat out a global rally on Friday as disappointing earnings from Chinese e-commerce giant Alibaba reinforced worry about slowing growth in the world’s second-largest economy, even as European and U.S. share futures indicated gains.

Why have bankruptcies fallen during the pandemic?

By Paul Vandenberg Government assistance programs, and relaxed insolvency procedures, have helped keep businesses afloat during the pandemic. The number of bankruptcies fell in 2020 in many countries. At first glance, this is a strange occurrence as 2020 was the year of the COVID-19 outbreak that caused lockdowns, a sharp decline in business activity, and negative economic […]