Financial and Banking News
CBO Delays Omanization Deadline
The Central Bank of Oman (CBO) has delayed the final deadline for the Omanization of bank staff in the Sultanate for five years, up to the end of 1990. According to a recent CBO circular, all banks must submit an Omanization program aimed at increasing the proportion of Omanis employed from the percentage existing at the end of 1985 to a target 90% at the end of 1990. This program must then be approved by...