| Global Awards for Excellence | ||
| Outstanding Contribution to Financial Services in the Middle East | ||
| Bahrain | Egypt | Iran |
| Jordan | Kuwait | Lebanon |
| Oman | Qatar | Saudi Arabia |
| UAE | ||
 |
Best bank: Bank Muscat |
Bank Muscat dominates the Omani banking market, and it appears unwilling to let go of that position. In 2007, the bank’s total shareholders’ equity doubled to $1.6 billion. Its total assets grew 40% to $11 billion. Its operating income grew 30% to $500 billion, and its net income grew by a quarter to $324 billion. In the first quarter of 2008, the bank’s profit rose almost 40%.
Ratings agencies judge the bank either stable or positive.
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