logo
Bank Muscat Wins Prestigious Most Innovative Retail Award from Global Brands

Bank Muscat Wins Prestigious Most Innovative Retail Award from Global Brands

Times of Omana day ago
Bank Muscat, the financial services provider in the Sultanate of Oman, has proudly won the Most Innovative Retail Award at the esteemed Global Brands Awards held recently in Dubai. Salim Said Al Shanfari, Bank Muscat's Representative in Dubai received the award on behalf of the Bank. The event celebrated outstanding brands from various industries, bringing together business leaders for a memorable evening.
This recognition underscores the Bank's relentless pursuit of excellence in providing cutting-edge financial solutions and services tailored to meet the evolving needs of its retail customers. It also reflects the Bank's commitment to innovation and customer-centricity in the competitive banking landscape.
To enhance service delivery, Bank Muscat is actively improving its electronic channels and banking devices, ensuring that customers receive the best possible services at all times. In response to valuable customer feedback, the Bank has recently launched a new version of its Mobile App and revamped over 200 e-services, further demonstrating its dedication to innovation and creativity.
The Bank Muscat portfolio features a comprehensive array of retail banking services and products designed to meet the diverse needs of its customers. Offerings include personal finance, auto financing 'Sayyarati,' housing finance 'Baituna,' as well as travel and study financing options. Customers can also open children's accounts, apply for credit or prepaid cards electronically, and access services for car insurance, checkbooks, and utility bill payments. In addition to these services, customers benefit from seamless fund transfers within Bank Muscat accounts and to other local banks, as well as international transfer services. They can make speed transfers to countries including India, Pakistan, Sri Lanka, the Philippines, Bangladesh, and Egypt, along with multiple other countries via the SWIFT network. The Bank also offers a Zakat calculator and donation services, allows customers to update their 'KYC' data, apply for the Themaar savings plan, and explore investment opportunities through the Bank Money Market Fund, the Oryx Fund, and the Al Tharwa Fund.
Bank Muscat holds the distinction of being consistently voted as the Best Bank in Oman by prestigious local, regional and global institutions. Recently, it has been listed within Forbes Middle East Top Companies 2025. The Bank was also named Oman's Best for Digital Solutions from Euromoney Private Banking awards 2025, Best Bank in Oman from Global Finance, Best Financial Services Provider in Oman & the Best Payment Solutions Provider in Oman from World Business Outlook Awards 2025.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tender results of Government Treasury Bills worth OMR 21.7 million issued
Tender results of Government Treasury Bills worth OMR 21.7 million issued

Times of Oman

time2 hours ago

  • Times of Oman

Tender results of Government Treasury Bills worth OMR 21.7 million issued

Muscat: The total issuance of Government Treasury Bills amounted to OMR 21.7 million. The value of the allotted Treasury bills amounted to OMR 0.2 million, for a maturity period of 28 days. The average accepted price reached OMR 99.700 for every RO 100, and the minimum accepted price arrived at RO 99.700 per RO 100. The average discount rate and the average yield reached 3.91071% and 3.92248%, respectively. Whereas, the value of the allotted Treasury bills amounted to RO 10.5 million, for a maturity period of 91 days. The average accepted price reached RO 98.936 for every RO 100, and the minimum accepted price arrived at OMR 98.935 per RO 100. The average discount rate and the average yield reached 4.26884% and 4.31476%, respectively. While, the value of the allotted Treasury bills amounted to RO 0.5 million, for a maturity period of 182 days. The average accepted price reached RO 97.900 for every RO 100, and the minimum accepted price arrived at RO 97.900 per RO 100. The average discount rate and the average yield reached 4.21154% and 4.30188%, respectively. On the other hand, the value of the allotted Treasury bills amounted to OMR10.5 million, for a maturity period of 364 days. The average accepted price reached RO 95.798 for every RO 100, and the minimum accepted price arrived at RO 95.780 per RO 100. The average discount rate and the average yield reached 4.21393% and 4.39885%, respectively. Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides theadded advantage of ready liquidity through discounting and repurchase facilities (Repo). It may be noted that the interest rate on the Repo operations with CBO is 5.00% while the discount rate on the Treasury Bills Discounting Facility with CBO is 5.50%. Furthermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.

Dialogue session highlights culture, library sciences and sustainable development
Dialogue session highlights culture, library sciences and sustainable development

Times of Oman

time3 hours ago

  • Times of Oman

Dialogue session highlights culture, library sciences and sustainable development

Muscat — The Ministry of Culture, Sports and Youth today organized a dialogue session titled 'Culture, Library Sciences, and Sustainable Development" as part of the 'Civilizational Horizons" programme. The session addressed the challenges libraries face in the wake of the digital revolution and the widespread use of the internet, exploring how libraries have adapted to these transformations to provide reliable information beyond geographical constraints. It also highlighted their growing role in supporting education, scientific research, and innovation. The discussion touched on the strong connection between culture, library sciences, and information, emphasising the role of libraries as cultural institutions that have historically enriched human civilisation while promoting values of pluralism, tolerance, and freedom of expression. The session also shed light on the vital role libraries play in achieving sustainable development goals by organising knowledge and managing vast intellectual output through smart systems that keep pace with technological advancements. Additionally, the session explored how libraries contribute to advancing artificial intelligence models, leveraging their extensive databases, and their role in training users to utilize these technologies to produce reliable and well-researched content. Discussions also covered the state of library and information sciences in the Sultanate of Oman, the national information strategy, and digital transformation under 'Oman Vision 2040", along with key challenges facing the library sector in the country. The session further reviewed investment opportunities in cultural and creative industries and the role of libraries in this field.

Registration now open for Samla International – Qatar's Ultimate Endurance Race
Registration now open for Samla International – Qatar's Ultimate Endurance Race

Times of Oman

time3 hours ago

  • Times of Oman

Registration now open for Samla International – Qatar's Ultimate Endurance Race

Registration is now open for the first-ever international edition of the Samla Race, Qatar's most challenging test of endurance, set to take place on January 24, 2026. In partnership with Visit Qatar, the Samla Race is expanding to the global stage, inviting elite male and female athletes from around the world to compete in a uniquely challenging test of strength and stamina across Qatar's diverse landscapes. The Samla International Race features four consecutive, high-impact disciplines: a 3-kilometre open-water swim, a 49-kilometre run, a 44-kilometre mountain biking trail, and a 4-kilometre kayaking course. Athletes can register through the official race website, where they will find a detailed race guide outlining participation criteria, safety requirements, and all relevant rules and regulations. A prize pool of approximately USD 300,000 will be awarded to top finishers in both male and female categories. Registration will be open from July 20 to August 9, participants will have a 20-day window to apply, providing them enough time to register. Submitting the registration form does not guarantee participation, as spots are limited. Confirmations will be sent via email after the official registration period closes, and only confirmed athletes will be required to pay a participation fee to secure their place. With the launch of Samla International, Qatar continues to strengthen its reputation as a world-class destination for sporting events. As the race welcomes global competitors for the first time, it not only showcases the nation's distinctive landscape but also reflects Visit Qatar's ongoing commitment to advancing sports tourism and delivering exceptional, world-class experiences for athletes and fans from around the globe.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store