NO. 1


Financial and Banking News


Central Bank of Oman Retenders BCCI's 12 Local Branches

Omani banks have until 30 October to submit bids for the 12 local branches ofBCCI. The Central Bank contacted local banks on 29 September and gave them oneday in which to express interest in making a proposal. Those which did havereceived audited reports and other documents relating to the BCCI branches.

The retendering came after the breakdown of negotiations with Oman Banking...