Category: banking

Oman Business News

The Omani Conference and Industry Ministry organized a new loans venture for small- and medium-sized enterprises through the SME’s Loans Guarantee Program.  According to executive Eng. Ahmed bin Hassan al-Dheeb, there was an attempt to gain the support of the Small Business Administration through the Commerce and Industry Ministry.  This followed various actions that were taken such as employee training at both the ministry and the banks which were all involved in the implementation of the program.  In addition, when the National Business Centre hopefully begins work next year, it will make further recommendations to the bank and evaluate the various business proposals that come forth.  The Oman banks that have already signed up to the program are: Oman Arab Bank, Bank Muscat and the Oman Development Bank.

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Coveted Award Given to Gulf Bank

Banker Middle East, the premiere banking industry magazine in the Middle East, has just announced a number of awards. Gulf Bank of Kuwait received the “Best Employee Training” award at the Banker Middle East Awards Ceremony that was held at the Ritz Carlton in Dubai on June 22, 2011.

Win for Gulf Bank

Certainly, Gulf Bank was quite pleased with this distinction, as Omar Al-Bassam, the Assistant General Manger of Human Resources at Gulf Bank explained:

“We are extremely proud to accept this prestigious award from The Banker Middle East, and the value the international recognition it represents. This is a great accomplishment for us and endorses our long-term strategy of recruiting, developing and investing in the very best people.”

He continued by saying, “This award reflects the efforts of a lot of people over a long period of time. I am very proud of the progress Gulf Bank has been able to make through listening to its staff and providing the training and the motivation needed to create the strong and dynamic organization the Bank has become today.”

Other Gulf Bank Wins

Gulf Bank has won a number of other awards as of late, as well. At the end of 2010, they won the Localization Award for the 6th consecutive year from the GCC Council of Ministers of Labour and Social Affairs. They also won the “Employer of the Year” award at the 2nd GCC Human Resource Excellent Awards 2010 that was held together with the 5th Human Assets Middle East Congress.

The Bank has implemented a number of new programs including the “Mentoring For Success” program that they started in 2010. This program has the goal of enhancing and developing the Bank’s talent by pairing up mentors and mentees that are selected and developed for retention and excellence.

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