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Bank Muscat ropes in SME experts to advise women entrepreneurs

MUSCAT, 10 June 2014 – Bank Muscat, the flagship financial services provider in the Sultanate, on Tuesday (10 June 2014) launched a high profile advisory forum for women entrepreneurs in Oman. The first-of-its-kind advisory forum launched by the bank’s al Wathbah SME department comprises a panel of distinguished advisors who are available to provide guidance and levitra to order help for women entrepreneurs to develop the requisite attitude, skills and abilities for leadership in business.

The launch ceremony of al Wathbah Businesswomen’s Advisory Forum at the bank’s head office was attended by AbdulRazak Ali Issa, Chief Executive, the advisory forum panel members, dignitaries and senior bank officials.

AbdulRazak Ali Issa said: “Women entrepreneurs are changing the face of the global economy and Bank Muscat recognises this opportunity in Oman. The main objective of this strategy is to play an important role in filling the gaps and empowering Omani businesswomen to chart successful ventures by providing necessary guidelines, tools etc. The advisory forum marks a clear progression of the well defined strategy pursued by the bank in line with the directives of His Majesty Sultan Qaboos bin Said to support the SME sector and strengthen its role in the economic development of Oman in general, with a focus on women empowerment in particular.”

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Bank Muscat to step up support for women entrepreneurs

MUSCAT, 09 June 2014 – Bank Muscat, the flagship financial services provider in the Sultanate, as part of efforts aimed at complementing the government efforts in strengthening the SME sector, has drawn up a comprehensive plan to support women entrepreneurs in Oman. The bank is all set to announce a major initiative aimed at encouraging individual initiatives for self-employment by women. The ceremony to be held at the bank’s head office today (Tuesday, 10 June) will be attended by dignitaries and senior corporate executives.

Women entrepreneurs are changing the face of the global economy and Bank Muscat recognises this opportunity in Oman. The main objective of this strategy is to play an important role in filling the gaps and empowering Omani women to chart successful business ventures by providing necessary guidelines, tools etc.

In the first stage of this strategy, the bank launched al Wathbah Businesswomen’s Forum to help women identify opportunities and successfully promote SME operations. In an environment where competition is becoming tougher, identifying and www.marilesperance.com seizing opportunities is essential for Omani SMEs to survive and grow. Bank Muscat is proud to have facilitated this unique opportunity to address the challenges faced by women entrepreneurs and provide an environment critical to SME success.

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Inflation in GCC Member States ranges from 1.53% to 2.8% by end of April 2014

•    Highest annual inflation rates recorded in Qatar and lowest in Oman by end of April 2014
•    March to April comparison show highest inflation growth in Oman while only Bahrain rates decrease
Muscat, 08 June 2014: Latest reports released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) reveal an overall increase in inflation rates across the GCC region between 1.53% and 2.8% over a 12-month period through April 2014. Qatar topped the list with an inflation rate of 2.8% for the same period, followed by Kuwait with 2.72%, Saudi Arabia with 2.7%, the United Arab Emirates with 2.12%, Bahrain with 1.9%, and Oman with 1.53%.

When weighed against March 2014 figures, Oman topped the list with an increase of 0.58%, followed by 0.3% in Saudi Arabia, 0.25% in the United Arab Emirates, 0.2% in Qatar, and 0.08% in Kuwait. Bahrain was the only country in the GCC region to witness decline in inflation rates where it recorded 0.7% in the month of April 2014 compared to the previous month.

As for price growth within different categories of the general consumer price index in each GCC member state, figures revealed an increase over the 12-month period through April 2014 as follows: Education increased by 5.0% in Bahrain and 4.56% in the United Arab Emirates, Tobacco prices in Saudi Arabia also grew by 6.4%, while Furniture and Household Goods went up in Oman by 7.52% and 4.9% in Kuwait, Housing and Energy costs increased in Qatar by 6.3%.

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44% of Oman respondents expect a pay rise of up to 15% in 2014, according to a Bayt.com and www.clawinfo.org YouGov Salary Survey

35% are dissatisfied with their current salary, with 27% receiving no pay rise last year


Muscat, Oman, 8 June 2014: The 2014 Bayt.com MENA Salary Survey, conducted by Bayt.com, the Middle East’s number one jobsite, and leading market research agency, YouGov, has revealed that expectations of a pay rise in 2014 are high in Oman, though 27% of professionals surveyed confirm they didn’t receive a pay rise in 2013.

Salary: Current and Expectations
Across the MENA region, 67% of professionals surveyed indicate they receive a basic salary plus benefits, such as housing allowance, transport, children’s education and more; in Oman, this figure jumps to 78%. For four in 10 respondents who receive a basic salary along with other benefits, the basic salary consists of 51-75% of their monthly salary. 7% state that they also receive commission on top of their basic salary and benefits. The preferred pay structure in Oman is a 100% fixed-pay structure (favoured by 54% of respondents in Oman).

A large proportion of Oman is underwhelmed by their income, with 35% claiming to be dissatisfied with their pay, compared to just 6% who are highly satisfied with what they receive. 31% believe that men and women receive equal pay for doing the same work. A significant seven out of 10 (66%) professionals surveyed believe that the salary they receive is less than what other companies in their industry pay.

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Meethaq signs MoU with Al Salam Bank, BMI Bank to pool expertise

MUSCAT, 08 June 2014 – Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, Al Salam Bank Bahrain B.S.C. (ASBB) and Bahraini retail and commercial banking institution BMI Bank have announced the signing of a Memorandum of Understanding (MoU) to collectively pool expertise, technologies and resources and www.marilesperance.com work together across a range of Islamic banking activities, including Islamic syndications, particularly those issued in Oman, treasury transactions, liquidity management products and Islamic trade finance transactions.

 

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Barclays named ‘Best Equity House in the Middle East & North Africa’ by Euromoney

Nine high profile and complex transactions across a broad range of equity-linked products for clients in the Middle East

Dubai, United Arab Emirates:Barclays has been named the ‘Best Equity House in the Middle East and North Africa’ region by EuromoneyAwards for Excellence 2014.

The awards are widely considered to be the most high profile accolades in the Finance industry and annually recognise outstanding performance, quality, service, and innovation in the sector. For 2014, Barclays’was recognised for its innovative customised financial solutionsand  superior execution capabilities demonstrated throughout nine high profileand complex transactions across a broad range of equity and equity-linked products for clientsfrom  the Middle East region.

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European football market grows again, to exceed $25bn for the first time, with the ‘big five’ leagues surpassing the $12bn mark

- Middle East remains a key source and stimulator of revenue growth -

8 June, 2014 - The European football market grew in 2012/13, to exceed $25bn in revenue for the first time.  It was driven by an increase of almost $1bn across Europe’s big five leagues, whose combined revenues passed $12bn (England, Germany, Spain, Italy and cialis use France).

 

Dan Jones, Partner in the Sports Business group at Deloitte, commented: “This year has again seen the European football market grow, to exceed $25bn for the first time. Looked at in the context of the wider economic climate this is a fantastic growth story, with the size of market growing by over 60% in the last 10 years.”

 

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Bank Muscat launches GCC Property Income Fund

MUSCAT, 7 June 2014 – Bank Muscat GCC Property Income Fund, a fund managed by the Asset Management division of Bank Muscat has been launched to harness opportunities in the property market. The fund will invest in income yielding properties that generate a stable annual yield of 7-8 per cent.

The fund is positive about the GCC real estate market as it presents huge growth potential, driven by several structural factors. The GCC economies are expected to continue their robust growth and these favourable aspects in a macro-economic situation will result in the real estate sector gaining momentum in terms of demand and improvement of prices. Fund investors will benefit from regular dividends and capital appreciation at the time of exit.

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Bank Sohar Supports University of Buraimi Annual Open Day

Muscat | June 07, 2014: Bank Sohar recently joined hands with the University of Buraimi by sponsoring their Annual Open Day. The event, which took place at the college premises, was held under the patronage of His Excellency Al Sayyed Ibrahim Said Al Busaidi, Governor of Buraimi, and witnessed a large number of attendees.

Commenting on the Bank’s sponsorship of the event, Mr. R Narasimhan, DGM and Head of Retail Banking noted, “Bank Sohar has always been strongly committed towards the support of educational institutions and development programs in Oman. In addition to partnering with some of the most prestigious institutions in the Sultanate, Bank Sohar also regularly interacts with students and shares exclusive industry insights and trends. In line with our corporate objectives, the open day not only allowed us to showcase our varied products and services, but also provided us with the ideal opportunity to engage with students and provide them with valuable insights into career and buy viagra com professional growth opportunities within the banking sector. As such, we were glad to have been able to support this event.”

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