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Few banks in Middle East, the term Privilege Banking, Private Banking or Preferred Banking are used interchangeably. With the advent of the Dubai International Financial Centre, Qatar Financial Centre and the Bahrain Financial Harbour, there is a great choice for customers then before. Oman Banks have introduced specialized services which they offer to High-Net-Worth (HNW) and Ultra High-Net-Worth (UHNW) individuals and institutions. For instance, At Bank Dhofar, customers with a salary income between RO500-RO1000 per month qualify for privilege banking services, which includes a dedicated counter for them at the bank. For private banking services, the criteria are different. Mohammed…. Click Here to Read More

Product DescriptionIn performing various economic analyses for its clients, I have occasionally been asked to investigate the market potential for various products and services in Oman. The purpose of this study is to understand the density of demand within Oman and the extent to which Salala might be used as a point of distribution within The Middle East. From an economic perspective, however, Salala does not represent a population within rigid geographical boundaries, rather, it represents an area of dominant influence over markets in adjacent areas. This influence varies from one industry to another, but also from one period of time to another. In what follows, I summarize the…. Click Here to Read More

UAE tribes show best camels at beauty pageant Three-day spectacle in Ajman to end with top two finalists bagging luxury cars. Read more on Arabian Business STOCKS NEWS MIDEAST-Morocco climbs; company results seen in line 1530 GMT – Morocco’s all-share index climbs 0.4 percent to 11,079.78 points in above-average volume after two sessions of declines, with almost as many stocks falling as rising. Read more on Reuters via Yahoo! Asia News Oman may use reserves to fund 2010 budget gap-econ min MUSCAT, Feb 24 (Reuters) – Oman will finance its planned 800 million rial ($2.08 billion) budget deficit for 2010 from its reserve funds if needed, the Gulf country’s economy minister…. Click Here to Read More