Oman's Bank Muscat, the Gulf Arab state's biggest, said on Saturday it had bought a 26 per cent stake in India's Centurion Bank.\n\n\n\n
Oman's largest bank BankMuscat, which recently picked up 43 per cent stake in the domestic brokerage house Mangal Keshav Group
Amid rising tensions in West Asia following a series of strikes and counter-strikes, the United States Embassy in Muscat on Tuesday instructed its staff to shelter in place.
An Iranian delegation, led by Foreign Minister Abbas Araghchi, is expected to arrive in Islamabad for the second round of peace talks with the US, according to Pakistani media reports. This follows a phone call between Deputy Prime Minister Ishaq Dar and Araghchi regarding the US-Iran ceasefire and Pakistan's diplomatic efforts.
Saudi Arabia and the UAE are actively pushing Trump to take the war to its bitter finish and 'erase' Iran's presence in the geopolitics of the region. Simply put, the two most powerful Sunni Arab oligarchies are on the same page as Israel. Such interference increases the risk of a breakdown in dialogue between the US and Iran, points out Ambassador M K Bhadrakumar.
With the Iran war escalating sharply and crisis deepening in the global energy market, India on Monday unveiled a coordinated plan to support exporters and shippers caught in the fallout.
The new service, Pravasi, will offer banking solutions for NRIs in India and Oman, with services ranging from basic remittance service, investments in international and Indian funds, wealth management solutions to demat accounts in India and Oman for trading in shares and retirement solutions, the bank said.
Centurion Bank will come up with a rights issue worth Rs 91 crore (Rs 910 million) on July 23, which would raise its capital base to Rs 288 crore by September end this fiscal.
Centurion Bank advanced on Thursday on reports that the Bank of Muscat received approval from the Central Bank of Oman to buy equity in private sector bank
West Indies will again rely on a hardened bunch of Twenty20 specialists as they bid to retain their World Cup title, but are set for a stern test from India, out to secure a first global trophy under Virat Kohli, and an England team bidding to become champions in two formats.
The Sindh province is the worst-hit with 172 cases, followed by 15 in Khyber Pakhtunkhwa, 10 in Balochistan, 8 in Punjab, 5 in Gilgit-Baltistan and 2 in Islamabad, officials said.
Etrade, BNP Paribas, Bank of Muscat are all picking up stakes in many of the Indian brokerage firms. So what is so attractive about them?
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Money exchangers and bankers in Muscat said that non-resident Indians have started resorting to personal loans as rupee touched an all-time low of 62.03 against the US dollar on Friday, Times of Oman reported.
He also pointed out that the home ministry was neither consulted, nor did it give the necessary security clearance
As envoy Suresh K Reddy readies to leave for Baghdad, distinguished diplomat Chinmaya Gharekha says India will have to tread carefully in the strife-torn nation.
Ranked 737 in the Forbes global billionaire list with personal wealth of $2.4 billion, Yusuffali's diversification does not stop here.
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