Bank of Beirut Oman liquidation details

Bank Beirut announced the termination of its operations in Oman, providing a 60-day period for depositors, which raises concerns about the potential impact on Omani employees. This comes as part of efforts to restore operations, while authorities are implementing new regulatory measures, including updating the fee payment mechanism and establishing two regulatory committees for healthcare centers, aiming to enhance the investment climate and financial services in the Sultanate.