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Bank Nizwa CEO named Islamic banker of the year

Khalid Al Kayed, CEO of Bank Nizwa, has been named Islamic banker of the year at the seventh Global Islamic Finance Awards 2018. The accolade recognises Al Kayed as an outstanding corporate leader, committed to driving stronger growth for Bank Nizwa as Omans first fully-fledged Islamic bank. It is a great honour to be recognised by one of the most prestigious awards in Islamic finance. While this is an individual career achievement, it is a reflection on my teams steadfast efforts to provide the highest levels of service, transparency and dedication in order to ensure Bank Nizwa leads by example as one of the most trusted and innovative banks in Oman, Al Kayed said. I will take this recognition as a further testament to our efforts at Bank Nizwa to continue laying the foundation for a thriving Islamic banking industry, he added.

Sharakah celebrates 20th anniversary

On November 8, 2018 Sharakah celebrated completing 20 years since it was incorporated back in 1998. His Majesty Sultan Qaboos bin Said issued Royal Decree (76/98) to incorporate Fund for Development of Youth Projects as a closed joint stock company. The objective is to support the development of Small and Medium Enterprises (SMEs) in the Sultanate. Sharakah offers three main services including creating awareness about the importance of entrepreneurship and SMEs; providing financial support for new and existing businesses; and providing consultation and advice to business owners to ensure their progress and sustainability. Sharakah aims to support Omans vision to diversify the economy, encourage the creation of small and medium enterprises (SMEs), develop the entrepreneurial capacity of Omanis, to assist in creating sustainable SMEs and creating job opportunities in the community.

Spar Oman launches Sri Sri Tattva products

Spar Oman has announced their strategic partnership with Sri Sri Tattva (SST), one of Indias leading brands, and the consumer goods and wellness arm of the Art of Living. Under this partnership, shoppers of Spar Oman can now take their pick from a variety of Sri Sri Tattva products across multiple categories (personal care, health and food), at ten locations of Spar in Muscat, to start with. Available in the Natural products section of the stores, the launch of the SST range is a step towards further enhancing the shoppers experience at Spar. Sridhar Moosapeta, CEO of Spar Oman said, Broadening our portfolio through the introduction of brands such as Sri Sri Tattva is a natural evolution for us at Spar Oman. We have always identified and addressed consumer needs, and the launch of Sri Sri Tattvas health and wellness related products is a step in the same direction.

Omran wins Business Vision award

Oman Tourism Development Company (Omran) received a prestigious Business Vision award for its contributions to developing the Sultanates tourism sector. The company was awarded the Outstanding Contribution to National Economic Growth Oman 2018 accolade. The judging panel selected Omran for having 18 new hotels in operation and more under construction, as well as boosting investment and job creation in the Sultanates tourism sector. The core of our business is to invest in the growth of the rapidly expanding tourism sector by creating tourism infrastructure and projects, which will directly support the diversification of the economy away from a dependence on the oil and gas sectors, Omran CEO Peter Walichnowski said. The year 2018 will see Omran completing a number of major projects aimed at the international market, he said, adding, But we will also begin to focus on the domestic tourism market by providing unique events, experiences and services for Omanis and other residents.

Huawei expands footprint in Oman

Huawei Consumer Business Group (CBG) expands its footprint in Oman following the success of its highly anticipated Huawei Mate 20 Series; the opening of its first ever brand showroom in Muscats City Centre Qurum; as well as the opening of eight new dedicated brand zones within leading electronics chains and 20 brand zones in independent electronics stores. Says Ian Li, general manager of Huawei Consumer Business Group, Middle East multi countries, Oman is one of Huaweis key markets in the region. The extraordinary demand for HUAWEI Mate 20 series in Oman is testament to the success of our global consumer-centric strategy, which is to provide greater choice and a more comprehensive experience for consumers in Oman. Following the nationwide sell-out of our newest products, we are delighted to announce a restock in early December. Huawei CBG has invested heavily in Oman in terms of R&D, channels and service and we are committed to provide Omans consumers with more convenience in terms of product availability and 24/7 after-sales service of the highest quality.

Xerox showcases new workplace apps

Bishara Est hosted a forum on the Xerox Future of Work, offering attendees a first-hand look at a new generation of apps that act like workplace assistants which automate tasks related to printing, copying, scanning and electronically storing documents. The forum was well attended by many senior IT and admin managers looking to enhance the functionality and utility of their workplace technologies. The featured technologies are from the newly launched Xerox ConnectKey portfolio of 29 new Xerox AltaLink and Xerox VersaLink multifunction devices and their associated ConnectKey apps, which can improve workplace productivity by automating everyday office tasks. These apps turn Xerox multifunction printers into true workplace assistants, said Ken Borthwick, CEO of Bishara Est. And we can use the technology to develop customized Apps that address the specific tasks that our customers want to automate. This really is the future of work!

Juventus legend Edgar Davids visits Oman

Juventus Club legend, Edgar Davids visited Oman recently on the invitation of Juventus Academy Oman for an exclusive event for its academy members and parents. Mosaic Sports is the official partner of Juventus football club in Oman by way of representing its academy in Oman over the past two years. The visit was aimed at giving an opportunity to the registrants from Juventus Academy Oman to have a meet and greet with the legend and get to see him in action on the pitch. Edgar Davids message to the Juventus Academy Oman members was that it was important to integrate sports in every childs day-to-day schedule from an early age. Davids attended the sessions of Juventus Academy Oman in Sultan Qaboos Sports complex in Bowsher. Kempinski Hotel Muscat at Al Mouj Muscat was the official hospitality partner for the Juventus Legend Trip.

Al Hashar Pharmacy introduces Fillerina in Oman

Al Hashar Pharmacy has recently introduced in Oman Fillerina, a revolutionary, no-needle, dermo-cosmetic filler for at-home use. Fillerina contains the first-ever blend of six hyaluronic acids with different weights and structures to facilitate the plumping of tissues without puncturing the skin. It allows large quantities of hyaluronic acid to penetrate deep into the cutaneous tissues in order to fill in the most visible, deepest and most widespread depressions (respectively, sagging, wrinkles and micro relief) and to boost the volume of cheekbones and lips. Fillerina dermo- cosmetic filler treatments for at-home use are composed of the gel filler (Fillerina 1), with a high content of immediately absorbed hyaluronic acids, and the nourishing film (Fillerina 2), to be used after the gel. Al Hashar Pharmacy, a pharmaceutical distribution company has been in the forefront in healthcare for 45 years representing leading world-class manufacturers, marketing their world class products for the benefit of patients in Oman.

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Publication:Oman Economic Review (OER)
Geographic Code:7OMAN
Date:Dec 2, 2018
Words:1250
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