Times of Oman2
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
Bank Muscat, IFC to host SME workshop
Times News Service
December 07, 2012 , 3 : 00 am GST
SAVE THIS ARTICLE
Ilham al Hamaid. Pic: Supplied
Bank Muscat, the flagship financial services provider in the Sultanate, and the World Bank's International Finance Corporation (IFC) have joined hands to organise a two-day SME workshop, open for all. The exclusive Al Wathbah workshop, beginning on Sunday, at the bank's head office, is designed to inspire and engage existing and prospective entrepreneurs and propel their projects with easy business techniques.
Expert trainers from IFC will lead the sessions and share insights on topics critical to laying a strong foundation as an entrepreneur. The workshop will focus on using and analysing financial statements and improving selling skills. Topics to be covered include the role of accounting in the decision making process, balance sheet, income statement, cash flow statement etc.
A session on improving selling skills will focus on getting customer attention and creating a desire to buy and successfully closing a deal. Panel discussions have also been lined up spotlighting successful Bank Muscat SME clients. The discussions will highlight the importance of financial statements in managing business and access to finance.
Ilham al Hamaid, AGM – SME Credit, Marketing and Regional Corporates, said: "Small businesses are a vital part of the Omani economy and Bank Muscat is proud to join hands with IFC in helping entrepreneurs to address the challenges faced by SME business and provide an environment critical to SME success. Bank Muscat and IFC are close partners in facilitating financing access to small and medium enterprises (SMEs) in Oman to help them expand and create jobs. Notably, Bank Muscat offers big support to women-owned businesses, helping them become more active players in the Omani economy."
Over the years, Bank Muscat has taken several strategic steps to strengthen the SME sector in Oman. Al Wathbah, Bank Muscat's small and medium enterprise (SME) department, has been very dynamic in financing businesses and strengthening the SME foundation in Oman. Aimed at strengthening the SME sector, Bank Muscat offers a comprehensive suite of tailor-made finance solutions.
Early this year, the bank partnered with the Ministry of Commerce & Industry to launch the government guaranteed loan programme in support of SMEs. The bank also recently launched the first-of-its-kind Al Wathbah Business Zone, a unique facility that addresses a long-felt need of entrepreneurs in Oman. The business zone can be used free of cost by SME customers who do not have their own office space.
Rate this Article
Rates : 0, Average : 0
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted
Latest in this section
Bank Muscat’s net profit leapfrogs 59% to OMR40m
Shipping lines set to move to Sohar
National Centre for Statistics and Information to conduct foreign investment survey in Oman
Samsung curved television makes a mark in region
HSBC Bank Oman to sell Indian business to Qatar’s Doha Bank
TOP RATED ARTICLES
IPL: Sachin Tendulkar ‘still the face’ of Mumbai Indians
Royal Oman Police nabs fake cigarette seller
Times News Service
2 dead, more than 100 missing as South Korea ferry sinks
Muscat Sheraton flyover construction work set to begin next month
Manchester City, Paris Saint-Germain face UEFA's financial fair play sanctions: Report
More in News
More than just a moustache - Adolf Hitler vs Charlie Chaplin
Urban gardens greening Berlin rooftops, airfield
Italian violinist strikes a chord with street children
Tips for writing a good article
How to choose your writing form and communicate your creative thoughts
Natasja Engholm - Special to Times of Oman
More in Features
Turkey must take the lead role to end conflict in Syria
Mobiles are replacing gaming consoles
Attempts to remake Eden are dangerous
Efforts on to wash off Japan’s war crimes
Middle East, Muslim world losing battle of hearts, minds
Aijaz Zaka Syed
More in Columns
Get Top news by E-mail.
Copyright © 2012 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial