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Five Omani banks have been downgraded by Moody’s credit rating agency less than a month after it took a similar move against the country’s credit rating. Moody stated in its report that the affected banks can no longer rely on Read more
Several banks in Oman have signed an agreement with Oman Development Bank to support the Small and Medium sized Enterprises operating in the country even if they pose a major risk to the bank. The banks will however enjoy the Read more