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.
The United Nations World Tourism Organization (UNWTO) announced its commitment to sustainable tourism at Annual Investment Meeting
The United Nations World Tourism Organization (UNWTO) has announced their commitment to sustainable growth through the power of government and investment in the tourism industry. In the same context, they hosted a forum at the 12th edition of Annual Investment Meeting that focused on Investing in People – Investing in Planet – Investing in Prosperity’.
Exclusive: Flurry of new rules leave Turkish banks struggling to lend
Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced many to cut their balance sheet risks, five banking and private sector sources told Reuters.
Innovation is the new component in the banking and finance world: Sohar International has mastered the craft of innovation!
The term “innovation” is used in many contexts, but in the expanding digital world and economic necessities, it has become synonymous with the financial and banking industries. Sohar International has reached the pinnacle of innovation for their clients. They are committed to providing excellent service to their customers and exceeding their expectations. In addition to […]
Vattanac Bank, Cambodia- Making a difference as it maintains a classic approach In a Rapidly Changing Economy!
Vattanac Bank is a Cambodian-owned financial institution that provides retail and business banking services. The company is headquartered at Level 2 of Vattanac Capital, a famous building in Phnom Penh. The bank began its operations on November 8, 2002. Vattanac Bank has 24 branches as of the end of December 2020: 12 in Phnom Penh […]
Kuwait’s economic makeover under threat as small businesses fight for life
Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing a private sector central to the country’s efforts to remake its unorthodox and oil-pumped economy.
SMEs and their battle with Covid-19
The small or mid-size businesses had to battle over even further because of the pandemic. Especially when we look into their role in the field of economics on a larger scale and the hurdles they are facing while continuing their journey in the three developing regions such as Southeast Asia, Africa, and the Middle East, […]
