industry

Bank of England Considers Overhaul of Clearing House Regulations

In summary, the Bank of England is planning "fundamental rules" for clearing and settlement houses in the UK. These rules…

2 years ago

Bank Muscat Achieves Remarkable Growth with RO159mn Net Profit for the First Nine Months of 2023

Bank Muscat has reported a commendable 7.1% year-on-year growth in net profit for the first nine months of 2023, totaling…

2 years ago

Growing Appetite for Home-Grown Olive Oil Drives Australian Producers’ Success

In a delightful turn of events, Australian olive oil is experiencing a resurgence in popularity driven by surging international prices.…

2 years ago

Omantel Group Achieves Strong H1 Performance with 31% Profit Growth

Omantel Group, a leading telecommunications company in Oman, has reported a substantial 31.3% year-on-year increase in its net profit for…

2 years ago

Hyundai and Kia Recall 91,000 US Vehicles Over Fire Risks

Hyundai Motor and Kia have issued a recall for over 91,000 vehicles in the US due to fire risks. The…

2 years ago

Coca-Cola Europacific Partners Sets Sights on Becoming the World’s Largest Bottler

The proposed acquisition of Coca-Cola's Philippines business marks a significant milestone for CCEP and AEV. The joint venture represents a…

2 years ago

Empowering Minds, Building Futures, KIB’s Endeavor to Foster Financial Empowerment

KIB's continued efforts to spread financial and banking awareness are crucial in empowering individuals and businesses. Through strategic engagement with…

2 years ago

Middle East’s Asset Management Industry Navigates Growth Challenges and Seeks New Avenues

The Middle East's asset management industry defies economic headwinds with $1.3 trillion in assets under management, marking a remarkable 7…

2 years ago

U.S. Federal Reserve Unveils 2023 Bank Stress Test Results

In a testament to the strength of the U.S. banking sector, the Federal Reserve's unveiling of the 2023 bank stress…

2 years ago

Oman Emerges as a Global Leader in Green Hydrogen Production

Oman is making significant strides in the global green hydrogen market, positioning itself as a leader in sustainable energy production.…

2 years ago