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.