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“We expect this will aid confidence in Oman’s Islamic banking sector as the previous deposits insurance scheme only covered conventional banks’ deposits,” says Fitch. Omani Islamic banks ...

Last month, Fitch Ratings said that Oman’s aim to expand domestic green hydrogen production could support its gross domestic product, fiscal revenue and the balance of payments over the long ...

Beyon is comparable in size to Oman Telecommunications Company S.A.O.G. (BB+/Positive) whose ratings are also capped by the sovereign rating. Fitch’s key assumptions for the issuer include ...