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Competence HR continues successful partnership with Bank Nizwa

Following its successful alliance with Bank Nizwa at its formation stage, Competence HR has won the bank’s confidence again in being able to provide top notch recruitment solutions. Competence HR’s  standout performance in the field of recruitment services has earned it the distinction of being the recruitment partner for Bank Nizwa after it launched a successful recruitment campaign for the bank last year. Amer Al Fadhil, Managing Director, Competence HR, said, “We are immensely pleased and proud to be selected as the recruitment partner of Bank Nizwa. We are optimistic that our continued alliance in human resources will meet with success and demonstrate our expertise in finding manpower solutions that fit a prestigious organisation such as Bank Nizwa.”


Meethaq launches Shari’a compliant current account

MUSCAT, 10 March 2013 – Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has launched an innovative Shari’a compliant current account which has evoked good response.

Meethaq current account is based on the fundamental Islamic principle of Qard (interest free loan) whereby the customer is the lender and the bank is the borrower. Qard (interest free loan) is a contract whereby the principal amount deposited by customers is guaranteed to be repaid by the bank on demand.


Bank Muscat widens network as new branch opens in Mahout

MUSCAT, 09 March 2013 — Bank Muscat, the flagship financial services provider in the Sultanate, has opened a state-of-the-art branch in the wilayat of Mahout in Wosta region. H.E. Dr. Hamoud bin Ali al Marshoodi, Wali of Mahout, was the guest of honour at the inauguration attended by senior bank officials.


Middle East CFOs – Globally, the most optimistic

Albert Fahil

The largest mall in the Muscat city The Muscat Grand Mall was opened earlier this week by Minister of Tourism of Oman amidst the large gatherings of distinguished persons. Muscat Grand Mall has more than 120 outlets supplying quality local and international products to the Kingdom. Meanwhile, Information Technology Authority (ITA) opened the Regional Cyber Security Center for the Arab Region with Oman Computer Emergency Readiness Team (OCERT). The Branch was open at ITA headquarters located in Knowledge Oasis Muscat (KOM) on Sunday. It was opened as per the agreement reached between International Telecommunication Union and ITA headquarters to curb cyber Threats.

Earlier this week Indian Mission in Muscat informed Omanians and others not to carry Indian currency when they visit to India. The warning is given due to recent incidents which involved fake Indian Currency with tourists. It was reported this week that actual fiscal surplus of Oman has increased to a very high level in 2012 and it was in fact the highest record. The impressive surplus record is a result of high rise in revenue, according to the statistics of Ministry of National Economy of Oman. Meanwhile, it was reported this week that Middle East airlines have posted an impressive growth rate of 14.3 percent in January. According to the International Air Transport Association (IATA), the regional airlines’ load factors are above the global load factors showing a 78.6 percent increase.


Standard Chartered reports 2012 income, profit and dividend growth

Strong momentum driven by client-focused strategy and business diversity

2012 Highlights:
•    Income grows 8% to US$19.07 billion
•    Wholesale Banking income up 9% to US$11.78bn
•    Consumer Banking income up 6% to US$7.20bn
•    26 markets delivered over $100m of income; 25 markets with income growth of at least 10 per cent
•    Highly liquid balance sheet, excellent capital strength with Core Tier 1 ratio of 11.7%
•    Continued delivery for shareholders – return on equity up to 12.8%, annual dividend up 10.5%
•    Strong business momentum has continued into 2013

London, 5 March 2013 - Standard Chartered PLC today announced a tenth consecutive year of income, profit and dividend growth.  With operations in many of the world’s most dynamic economies, the company now has 26 markets delivering over US$100 million of income. Total group income was up 8 per cent to US$19.07 billion.

The Group is increasingly generating income through more effective use of our network as trade grows strongly across our markets: in 2012 over 50 per cent of client income in wholesale banking was generated outside of the home market country of our clients.  At the same time, consumer banking is benefiting from a fast-growing middle class as these economies expand.  


al Mazyona reinforces appeal as more winners to share RO 7 mn prize money

•    Biggest prize money in Oman and the region
•    Guaranteed winners in governorates
•    Exclusive prizes for ladies, children youth & Priority Banking customers
•    Big boost to inculcating savings culture

MUSCAT,  5 March 2013 – Fulfilling dreams with a never-before offer guaranteeing bigger and better winning chances for customers across the Sultanate, Oman’s flagship al Mazyona Savings Scheme from Bank Muscat continues to cast its spell on citizens and residents. With attractive weekly, monthly, quarterly and year-end grand prizes, the popular scheme offers high-value prizes throughout the year to maximum number of customers, far exceeding competition.

al Mazyona customers have plenty of reasons to smile throughout the year, thanks to the scheme that offers guaranteed winning chances for customers in all governorates. With RO 7 million prize money in 2013, al Mazyona offers one of the biggest prize money in the savings scheme history in Oman and the region. The cash bonanza is an incredible incentive, aimed at offering a life-changing experience for al Mazyona customers.


Bank Muscat launches attractive cash-back credit card campaign

MUSCAT - Bank Muscat, the flagship financial services provider in the Sultanate, has launched a rewarding cash-back campaign offering chances to win back up to RO 300 spent on purchases using Bank Muscat credit cards. The exciting cash-back campaign offers Bank Muscat credit cardholders numerous chances to win cash prizes in weekly draws to be conducted during the promotion period between 3 March and 2 June 2013.

In all, 12 weekly draws will be conducted in which 30 winners will be selected every week. During the campaign period, the more one spends on the card, the better the chances to win the cash rewards up to RO 300. The offer is valid for Bank Muscat credit card transactions only.

Said Al Badai, DGM – Branches, said: “Having created the best value proposition for Bank Muscat cardholders, the new cash-back campaign unfolds exciting rewards for them. The campaign is aimed at motivating a change in consumer behaviour that makes ‘payment by cards’ both a habit and a preference. Through weekly draws, the campaign offers a unique opportunity for Bank Muscat credit cardholders to win back up to RO 300 on purchases made using Bank Muscat cards.”


Bank Sohar Organises Three-day Training Program for Bank Management

•    Development program conducted by international speaker, motivator and trainer, Nikhil Desai
•    Program covered essential topics such as ‘the essence of leadership’, ‘my goals and objectives’, ‘the power of goals’ and many more

Muscat, March 04, 2013: Bank Sohar, one of the leading banks in Oman, strongly believes in training and developing its valuable employees. As such, the Bank recently organised a training program delivered by noted international speaker, Nikhil Desai for the DGMs, AGM’s and Chief Executive Staff of the Bank. The process of training and developing its staff has become a consistent milestone in the journey towards meeting goals of the organisation.

Commenting on the program Munira Macki, DGM- Human Resources and Corporate Support at Bank Sohar, said: "Over the last six year, Bank Sohar has expanded its footprint and market reach in Oman’s banking sector. Apart from offering our customers the best quality products, we also want to ensure that our customers are offered the best possible service, advice and support.”

“We recognize that exemplary internal governance is fundamental to our reputation and that the relationships we have with our customer. It is through our detailed training programs that we equip the bank’s management with the knowledge, skills and certifications required to further improve the performance of their specific departments.”


“Drive Safe for Your Families Sake” at Bank Sohar Road show

  • The way you drive sets an example - good or bad, that your children will follow
  • Bank Sohar conducts Naseem Park road show for better driving habits in Oman

Muscat | March 03, 2013: Following the recent launch of the Bank Sohar Road Safety Campaign, in association with Oman Road Safety Association (ORSA), the bank has been taking an active lead in the community to raise awareness on the devastating impact of road traffic injuries and fatalities on the lives of people and their families. As part of this endeavour, Bank Sohar held a second road show at the Muscat Festival venue at Naseem Park last weekend; the first show took place a week earlier at Al Amerat. The road show highlighted the significance of road safety and the impact of road accident-related injuries and fatalities.


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