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FINANCIAL NEWS
Oman’s private wealth to reach USD0.4tr in 2020
29 Jun 2016
(MENAFN) Private wealth in Oman is predicted to increase from USD0.3tr to USD0.4tr, which will be driven basically by equities at 5.8 percent.
Additionally, the growth of private wealth in the Sultanate will be also followed by cash and deposits at 4.1 percent and bonds at 2.2 percent.
Accordingly, regional asset managers will provide a standard product program with limited differentiation, and they use technology to offer extra communication channels.
In the coming five years, wealth in the Middle East and Africa will reach USD11.8tr and Saudi Arabia, the UAE, and Kuwait’s contribution will account for 22.7 percent.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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