The asset sale is part of the Dubai Group’s $6 billion restructuring process, said officials.
The lender said 12 prepaid travel cards were compromised outside of Oman.
There are now 18 banks in the sultanate after last year’s merger between the local business of HSBC Holdings and Oman International Bank.
International Finance Corp is to buy into the lender with a 5.28 per cent private share placement.
The surplus is equivalent to 12 per cent of the sultanate’s 2011 GDP.
A Pakistan International Airlines plane crash-landed on a runway at Muscat International Airport.
The Pakistan International Airlines plane had 70 people on board but no injuries were reported.
Oman will again spend heavily in 2013 on job creation and infrastructure projects.
Expatriate numbers are to be reduced from 39 per cent of Oman’s population to 33 per cent.
Sultan Qaboos bin Said has revived a custom of travelling on month-long tours around Oman, holding “consultation sessions” with local people.
The expansion comes after the Sultanate signed MoUs with India and Pakistan to boost air services last November
HSBC Bank Oman, formed by a merger of HSBC’s Oman unit and Oman International Bank, made a net profit of OMR5.8 million in 2012.
The government-funded project will cover five million square metres and will be built in the Batnah region.
The firm reported a Q4 net profit of 10.3 million rials, down from 11.9 million in 2011.
Full-year 2012 profits stood at OMR40.7 million, up 19 per cent compared to 2011.
The Council of Ministers wants to identify the type of businesses that Omanis should be encouraged to set up.
The Gulf state aims to merge eight state-run pension funds to improve efficiency.
Oman’s economy and its banking sector are performing well.
Oman’s stock index rose 1.2 per cent last year and outperformed Qatar and Bahrain.
The government spent $780 million to create 36,000 jobs for Omanis last year.
Spending on education, health, housing and social welfare has been boosted by 22 per cent in this year’s budget.
The sultanate is expanding the Muscat airport’s terminal building and the airfield.
Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.
The sultanate last year became the last country in the GCC to introduce Islamic finance.
Ominvest also has plans to list part of Oman Arab Bank on the Muscat bourse.
Exclusive: Oman Air announces new flights into India and Pakistan.
Unemployment in the Gulf state currently stands at around 24 per cent, according to the IMF.
A 3,000-seat outdoor tennis stadium will be a focal point, featuring a roof that illuminates at night
Banks form the majority of the top companies in the Gulf State.
The airline generated $809 million in revenue last year and expects growth to come from higher demand.
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