NO. 51


Financial and Banking News

Regional Banking

No More Foreign Banks In Oman, Central Bank Governor Says

No more foreign banks will be allowed to open in Oman, the Governor of theCentral Bank of Oman, Mr. Hamud ibn Sangur Hashim, has said in an interview witha local newspaper. He added that he did not expect foreign banks to close downtheir offices.

There are 11 foreign banks in Oman and seven local commercial banks. Thereare also three locally-owned specialized...