This week Omantel was adjudged by AIWA Magazine the best Corporate Citizen Of The Year and the Most Outstanding Corporate Leader. The awards were given considering the performance of businesses in Oman for the year 2012. Meanwhile, Nawras received this week the Jury’s Distinction Award for Customer Service Excellence from the Ministry of Commerce and Industry while Bank Sohar was adjudged the fastest growing bank in Oman by the AIWA. Its excellent service in the last five years has been taken into account to adjudge it as the fasting growing bank in Oman and this is the second occasion that the Bank was honoured in this regard.
The UAE Central Bank this week officially announced the liquidation of branches of BCCI (SA) in Oman. The Ministry of Economy will register the finality of the liquidation and will erase the branches’ names of the bank from the commercial registry. The ministry will also notify the Justice Ministry and the related other institutions about the matter in accordance with the liquidation plan, it was reported. Meanwhile, in June in UAE the average rent of houses and apartments witnessed the highest annual increase, the National Bank of Abu Dhabi statistic show. A monthly report issued by the bank in last month notified that average rentals in International City, Jumekirah Lake Tower and Business bay have been increasing by 1.5 cent in June and as per annual average they has been
increasing 34.6 percent.