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BankDhofar achieves ISO 27001:2005 Re-Certification

August 13th 2012, Muscat, Following a successful Re-Certification Audit, BankDhofar is one of only two Banks in the Sultanate to have achieved the ISO/IEC 27001:2005 Information Security Re-Certification for its entire Information Technology Division. The Certification assures BankDhofar customers that the confidentiality, integrity and availability of their information is secure in accordance with an internationally recognized standard available from the International Organization for Standardization (ISO). BankDhofar’s previous accreditation ran from 2009 to the current year.

Mr. Deepesh Saxena, Acting Head of Information Technology, BankDhofar said “The Bank has been continuously investing in systems and procedures to adhere to best security standards. A successful implementation of the ISMS reduces the IT related operational risks, builds confidence in the stakeholders, demonstrate increased protection of the information and increases the trust between the Bank and the customers”.

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Unprecedented tourists to Salalah, Dhofar recorded

Albert Fail

In view of The Big 5 Exhibition to be held at Dubai World Trade Center from November 5 to 8, it was highlighted later this week that construction works worth of $4.2 trillion were going on in the Middle East and African countries. It was also highlighted that the biggest amount, $698 of the said sum, is being spent on the UAE ongoing constructions. Furthermore, the HVAC field or Heating, Ventilation, and Air Condition field is reported to be having nine percent increase within the next three years. Meanwhile, General Manager, Oman Housing Bank said this week that Oman Housing Sector would see major boost in coming years. One major reason for the boost was the decision taken by the Royalty to exempt housing loan borrowers from the bank and administrative fees, he pointed out.  

The visitors to Salalah region have been increasing for Eid al Fitr holidays since end of the last month. Mist and rain prevailing in the region in Khareef seasons attract many visitors during this season. Even though every year a high number of visitors come, this year the number is overwhelming. Oman National Transport Company is witnessing that a high number of visitors are reserving tickets to Salalah these days. The travellers from neighbouring countries visit the area via planes and many citizens who are far away to the region come by saloon cars. Later this week, KFH Research stated in its report which looked into Oman Economy that GDP of Oman would increase by six percent this year.

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‘Happiness and enjoying life’ top wish of Kuwait’s Muslim expatriates this Eid, Western Union survey finds

Gifting Cash for Eid (97%) through money transfer companies (53%) is the preferred choice of Muslim respondents living in Kuwait

Kuwait City Kuwait, August XX, 2012: As Ramadan draws to a close and preparations for Eid celebrations gathers momentum, the foremost wish of Muslim expatriates living and working in Kuwait is their personal well-being, a recent Western Union-sponsored study has found. Specifically, 45% of the respondents to the survey which was commissioned as part of Western Union’s Ramadan 2012 Campaign said that they valued their happiness the most. Only 26% most desire for better personal well-being encompassing safety, security and good health, as opposed to a GCC average of 42%.

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bank muscat CSR training in forex transactions benefit 15 Omani youth

MUSCAT, 11 August, 2012 – Fifteen Omani youth from low-income families undergoing training in foreign exchange transactions as part of a Corporate Social Responsibility (CSR) initiative by bank muscat are progressing well to be employed with Global Exchange Company across the Sultanate. The bank’s CSR team visited the youth at BahwanCybertek where the training is under way to enhance the skills of the beneficiaries and raise their level of economic and social status.

The training comes under the bank’s ‘Jesr Al Mustaqbal’ (Bridge to future) integrated CSR programme offering scholarships, training and rehabilitation directed to serve young Omanis dependent on social welfare and hailing from low-income families.

The 7-month training modules include basic English and business English and aspects covering foreign exchange trade and role of cashiers. Following theoretical classes, the trainees will have on-job training for two months. The trainees upon successful completion of the training programme, will be absorbed in different branches of Global Exchange Company on a starting monthly salary of RO 300.

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Two major companies join to lift Oman educational field

Albert Fahil

The Muscat Securities Market surged by 3.73 (0.07%) to the day high value of 5,437.38 points and The Dubai Financial Market drooped by 1.14 (0.07%) to the day high value of 1,560.52 points on August 8, 2012. The Bahrain Stocks Exchange too declined by 15.86 (1.45%) to the day high value of 1,074.68 points but the Qatar Stocks Exchange increased by 36.91 (0.44%) to the day high value of 8,408.17 points.  The Kuwait Stocks Exchange surged by 2.71 (0.05%) to the day high value of 5,711.36 points and the Saudi Stocks Exchange drooped by 7.75 (0.11%) to the day high value of 6,983.19 points.

Earlier this week Oman Air updated its agreement for reservation with Sabre Airlines Solutions. It will help the airline to grow its customer friendly approach developing software and technological aspects. Sabre Airlines Solutions provides high-tech solutions with more than 300 airlines and 100 airports around the world. Meanwhile, Etihad Airways, the UAE national airline, has opened a new kiosk in the Muscat City Center earlier this week. This is open for the Ramadan season to meet the increasing demand by the travelers during the festive season.  

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Two major companies join to lift Oman educational field

The Muscat Securities Market surged by 3.73 (0.07%) to the day high value of 5,437.38 points and The Dubai Financial Market drooped by 1.14 (0.07%) to the day high value of 1,560.52 points on August 8, 2012. The Bahrain Stocks Exchange too declined by 15.86 (1.45%) to the day high value of 1,074.68 points but the Qatar Stocks Exchange increased by 36.91 (0.44%) to the day high value of 8,408.17 points.  The Kuwait Stocks Exchange surged by 2.71 (0.05%) to the day high value of 5,711.36 points and the Saudi Stocks Exchange drooped by 7.75 (0.11%) to the day high value of 6,983.19 points.

Earlier this week Oman Air updated its agreement for reservation with Sabre Airlines Solutions. It will help the airline to grow its customer friendly approach developing software and technological aspects. Sabre Airlines Solutions provides high-tech solutions with more than 300 airlines and 100 airports around the world. Meanwhile, Etihad Airways, the UAE national airline, has opened a new kiosk in the Muscat City Center earlier this week. This is open for the Ramadan season to meet the increasing demand by the travelers during the festive season.

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Hamed Al Wahaibi and Fatma Al Nabhani drives home‘Safety First’ at bank muscat

Muscat, 8 August 2012 –bank muscat, the flagship financial services provider in the sultanate, hosted the ‘Safety First’ awareness campaign at its head officeon Tuesday. The Omani motor rally champion and co-founder of ‘Safety First’ Hamed Al Wahaibi and tennis player Fatma Al Nabhani were present for the event that was hosted as part of the Layali Al Khair(Ramadhan evenings) of bank muscat.

The ‘Safety First’ campaign received an excellent response at bank muscat. Fans got an opportunity to click pictures with Hamed and Fatma and get their autographs.  ‘Safety First’forms were distributedto the attendeesto sign a pledge promising responsible driving habits and ensuring safety on roads. Attendees were given tips on safe driving and how to stay alert for safe driving, especially during Ramadhan. Due to the Holy Month’s need for a change in lifestyle, eating habits and sleeping patterns, the attendees were urged to be more cautious and vigilant at this time.

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Meethaq’s lecture on ‘Ethics of handling Children’s fund’ evokes good response

MUSCAT, 7 August 2012— bank muscat’s Meethaq Islamic banking, hosted a public lecture on the ‘Ethics of handling children’s funds’ at the head office. The lecture was well attended and the topic was of great relevance to the present day scenario.

The speaker, Shaikh Abdullah Amer al Aisari stressed the importance of such a topic and highlighted many aspects linked to it. Shaikh Abdullah said, “Forty percent of the population in Oman is children. Children are the present and the future of the country. Thus, it becomes imperative to ethically manage children’s funds to secure the future of this sector.”  He went on to explain how ‘Methaq’ can play an important role in it and urged the need to have professionals who research this topic from both the religious and economic angles.” Shaikh Abdullah Amer al Aisari is a renowned scholar of Islamic banking.

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Bank Muscat Rights issue gets an outstanding response

MUSCAT, 6 August 2012 – bank muscat, the flagship financial services provider in the Sultanate, received an outstanding response to its Rights issue.
The successful completion of the rights issue reflects the confidence of the shareholders in the Company, its Board of Directors and Executive management. It also reflects their faith in the company’s strategic pursuit of growth; in both conservative and effective risk management towards enhancing the financial position of the company.

The subscription ran from 9 July to 22 July, 2012, resulting in a subscription of shares amounting to RO 123,312,407.680.  The issue was oversubscribed and 1675 applications were received for a total subscription of 288,787,840 shares as against the rights offer for 226,501,187 shares.

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