logo
OAB wraps up SME training roadshow in Nizwa

OAB wraps up SME training roadshow in Nizwa

Zawya6 days ago

Muscat: Oman Arab Bank (OAB) has successfully concluded the third leg of its SME Development Training Roadshow, held in Nizwa from 17 to 18 June, 2025. Organized in collaboration with SME Development Authority and Oman Chamber of Commerce and Industry in Nizwa, under the Bank's flagship Tumouhi initiative, the event drew wide participation from aspiring entrepreneurs and small business owners in Al Dakhiliyah, continuing a nationwide mission to support and empower Oman's growing SME sector. The event was held under the auspices of H.E Sheikh Dr. Faisal bin Ali bin Rashid Al Zidi (Wali of Manah).
Following successful workshops in Muscat and Sohar earlier this year, the Nizwa event brought together a dynamic mix of sessions covering financial literacy, business strategy, marketing, and HR fundamentals. Designed to offer hands-on learning and real-world insights, the two-day workshop also served as a vibrant networking hub for local entrepreneurs and industry experts.
H.E Sheikh Dr. Faisal Al Zidi expressed his enthusiasm towards this initiative in supporting the SME sector, praising the government's steadfast approach and the great attention it pays to this vital sector, given its pivotal role in supporting the growth of the economy and enhancing its diversity. He emphasized that supporting entrepreneurs and emerging business owners contributes to creating new job opportunities and enhancing local innovation. H.E Sheikh Dr Faisal Al Zidi stated, "This workshop is a true turning point for entrepreneurs. They would walk in with ideas, and leave with a plan, equipped with the confidence to take their businesses to the next level. The sessions were practical, relevant, and exactly what small business owners and entrepreneurs would need."
Sulaiman Al Hinai, Chief Wholesale Banking Officer at Oman Arab Bank, commented on the roadshow's continued momentum, "At Oman Arab Bank, we view SMEs as key drivers of economic resilience and innovation. Through Tumouhi, we're not just delivering training — we're creating access, building networks, and empowering business owners in every corner of the Sultanate. The response in Nizwa has been incredibly encouraging, and we remain committed to reaching even more regions with the tools and support SMEs need to thrive."
The Tumouhi Roadshow is part of OAB's long-term strategy to promote financial inclusion, empower local talent, and align with the goals of Oman Vision 2040. By providing practical tools and strategic guidance, OAB aims to equip SMEs with the foundations to grow, innovate, and contribute meaningfully to the national economy. The Bank has confirmed that future roadshows are in the pipeline, with a commitment to covering all regions across the Sultanate in the months ahead.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Passing the Torch to a Trillion-Dollar Future: The 4th China Next-Gen Entrepreneurs Forum Redefines Private Enterprise Succession
Passing the Torch to a Trillion-Dollar Future: The 4th China Next-Gen Entrepreneurs Forum Redefines Private Enterprise Succession

Zawya

timea day ago

  • Zawya

Passing the Torch to a Trillion-Dollar Future: The 4th China Next-Gen Entrepreneurs Forum Redefines Private Enterprise Succession

HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Amid an era of unprecedented generational transformation, The 4th Forum of the New Generation of Entrepreneurs kicked off on June 17 in Beijing, sparking a groundbreaking dialogue on the future of private enterprise succession in China. Jerry Lu, Chairman of Jinshang Technology Group, set the stage with a powerful and inspiring keynote titled " Carry on the Second Half, Writing a New Chapter" captivating the audience and setting the tone for this pivotal event. The event brought together over 1,000 participants, including distinguished experts such as Ji Weimin, Deputy Director of the Institute of Industrial Economics at the Chinese Academy of Social Sciences and President of China Business Journal, Prof. Peng Qian, Director of Roger King Center for Asian Family Business and Family Office at the Hong Kong University of Science and Technology, along with representatives from the new generation and private enterprises. Bridging Generations: From Conflict to Understanding Jerry Lu's keynote began with a personal story of accompanying his father on a business trip at age 12, planting the seed of his desire to one day stand shoulder-to-shoulder and lead alongside him. Jerry Lu reflected on the complexities of generational succession, sharing his personal journey of transformation—from feelings of frustration to a deep sense of understanding, and from reluctantly inheriting a legacy to actively embracing it. He likened the first generation's contributions to a powerful "threefold fuel"—resources, experience, and spirit—that not only provide a foundation for the next generation but also serve as a launchpad for bold innovation and future growth. Turning Challenges into Opportunities: 68% Attrition vs. 71.2% Survival Jerry Lu highlighted critical insights into the generational succession crisis, revealing that 68% of successors forced into leadership roles leave within three years, and only 3% of such businesses survive beyond five generations. In contrast, businesses led by proactive successors boast a remarkable 71.2% survival rate over three generations, underscoring the importance of intentional, forward-thinking leadership transitions. To address these challenges, Lu outlined five strategic pathways for successful succession: cultural governance, technology-driven transformation, digitalization, industry upgrades, and cross-sector integration. As a testament to these principles, Lu shared his own approach—leveraging the TOJOY's Platform to build a comprehensive health and legacy service platform tailored for high-net-worth clients. This integrated innovation model not only harnesses the resources and networks of previous generations but also positions businesses for sustainable growth in a rapidly changing landscape. Academic and Media Perspectives on Family Business Succession Ji, a seasoned media expert, shared insights from a decade of research on over 2,000 family businesses across China, identifying three pivotal shifts essential for successful succession. The first shift urges the next generation to move beyond the passive role of "inheritors" and embrace the proactive role of "co-creators," taking responsibility for driving innovation and growth. The second shift emphasizes the importance of utilizing professional tools, such as insurance and trusts, to effectively protect and transfer family wealth. The third shift highlights the need to establish a sustainable ecosystem by integrating financial tools, family culture, and legal frameworks. Building on this perspective, Prof. Peng Qian shed light on the growing trend of family businesses transitioning into family offices. She emphasized that the longevity and success of family enterprises rely on shared values, a long-term vision, and strategies focused on creating impact. As family businesses confront challenges like a shortage of successors and intergenerational conflicts, family offices are emerging as a vital solution. These offices not only manage wealth but also foster family unity and uphold values through philanthropy, education, and social impact investments. Peng stressed that this transition is essential for preserving family legacies while ensuring their growth and relevance in an ever-evolving business landscape. An 84 Trillion Yuan Shift: From Family Mission to National Legacy Over the next 30 years, approximately 84 trillion yuan in private wealth will transition to the next generation, shaping the backbone of China's economy. This forum, blending academic research, media insights, and practical case studies, presented a bold new blueprint for succession. With private enterprises contributing over 50% of tax revenue, 60% of GDP, 70% of technological advancements, 80% of employment, and more than 90% of all businesses, the next generation's responsibility extends far beyond their families—it is deeply tied to the nation's future. As Jerry remarked,"We inherit a legacy forged by our predecessors' perseverance, and we write a new chapter under the banner of national rejuvenation." A new era of collaboration, innovation, and shared responsibility has begun, paving the way for the future of China's private economy Hashtag: #TOJOY The issuer is solely responsible for the content of this announcement. TOJOY Shared Smart Enterprise Services

Oman: CAA records $272mln in 2024 revenue, highlights global safety rankings
Oman: CAA records $272mln in 2024 revenue, highlights global safety rankings

Zawya

timea day ago

  • Zawya

Oman: CAA records $272mln in 2024 revenue, highlights global safety rankings

Muscat – The Civil Aviation Authority (CAA) announced on Wednesday that it recorded revenues amounting to RO105 million in 2024, underscoring its operational efficiency and financial sustainability. The announcement was made during the Authority's annual media briefing held in Muscat under the patronage of H.E. Dr Abdullah Nasser al Harrasi, Minister of Information. The event was attended by senior officials, strategic partners, and key stakeholders. Reviewing its performance over the past year, the CAA reported a 95.95 per cent compliance rate with aviation safety standards, placing Oman fifth globally in the effective implementation of aviation safety oversight. Major achievements included the activation of the southern runway at Muscat International Airport, the approval of the General Civil Aviation Policy, and the signing of nine international air transport agreements. The Authority also issued new regulations to enhance passenger rights protection and introduced a revised licensing framework for drone registration and air traffic management. As part of its digital transformation efforts, the CAA revamped 113 electronic services, implemented a document management system, obtained information security certification, and upgraded Oman's numerical weather prediction systems and wadi flood forecasting models. In terms of operational expansion, the CAA granted permits to 19 foreign airlines. Cybersecurity and aviation security policies were ratified, while operational manuals were activated for both Duqm and Marmul airports. Additionally, a new air navigation radar was installed in Jalan Bani Bu Ali to strengthen national airspace surveillance. Aviation performance indicators reflected growth, with a 2 per cent increase in passenger traffic compared to 2023, and over 120,000 flights recorded. Air cargo volumes surpassed 150,000 tonnes, while more than 540,300 aircraft transited Omani airspace – a 14 per cent rise year-on-year. The national meteorological monitoring network grew to include 80 stations across the country. Meanwhile, 520 consumer complaints were addressed and resolved efficiently. Internationally, Oman attained a 94.4 per cent compliance score in aviation security under the International Civil Aviation Organization's (ICAO) Continuous Monitoring Approach. The sultanate ranked fourth among G20 nations and third in the Middle East. Oman also achieved full compliance with aviation facilitation standards under Annex 9 of the Chicago Convention. Looking to the future, the Authority confirmed that detailed design work is nearing completion for Musandam Airport, with accelerated progress anticipated in early 2025. The tender for construction of the passenger terminal at Sohar Airport is expected to be issued before the end of the year. Meanwhile, a new aircraft hangar at Muscat International Airport is set to be inaugurated later this year, positioning Oman as a regional centre for aircraft maintenance. The event also marked the launch of an upgraded digital platform for Oman Meteorology, offering real-time weather updates. A commemorative postage stamp was unveiled to celebrate 50 years of Oman's membership in the World Meteorological Organization (WMO). H.E. Eng. Naif Ali al Abri, Chairman of the CAA, stated that the year's achievements reflect Oman's unwavering commitment to aviation safety and its alignment with international best practices. 'These results are a testament to our clear strategic vision and the strong collaboration between all partners. The civil aviation sector is a pillar of national development and plays a vital role in enhancing Oman's global connectivity,' he said. The commemorative stamp, released in partnership with Oman Post, highlights the sultanate's enduring contribution to international climate cooperation since becoming a member of the WMO in 1975. © Apex Press and Publishing Provided by SyndiGate Media Inc. (

Nepal Embassy promotes trade, jobs and tourism in Oman
Nepal Embassy promotes trade, jobs and tourism in Oman

Zawya

timea day ago

  • Zawya

Nepal Embassy promotes trade, jobs and tourism in Oman

MUSCAT: The Embassy of Nepal in Muscat successfully organised a Trade, Investment, Employment, and Tourism Promotion Event on June 25, bringing together a wide spectrum of attendees including company representatives, business leaders, hypermarket executives, and other prominent figures from Oman's business community. The event began with the ceremonial lighting of the traditional Nepali lamp Panas by Dornath Aryal, Ambassador of Nepal to the Sultanate of Oman. In his welcome remarks, Ambassador Aryal acknowledged the vital contributions of Nepali workers to Oman's economy and expressed Nepal's intent to expand its workforce in line with Oman's Vision 2040. He emphasised Nepal's ongoing reforms to simplify recruitment through digital platforms and policy enhancements, while also inviting participants to explore Nepal's investment potential in key sectors such as hydropower, tourism, and renewable energy. Bishesh Kumar Sah, Second Secretary, presented detailed insights into Nepal's trade and investment landscape. He identified high-potential export products and outlined attractive investment opportunities in hydropower, tourism, agriculture, and IT. Sah also introduced streamlined procedures for employers interested in recruiting Nepali manpower and showcased a newly developed web-based app integrated within the e-portal for Online Demand Attestation. The app enables the automatic generation of six essential documents for demand attestation, significantly easing the recruitment process. Attendees also viewed a promotional video and presentation highlighting Nepal's tourism appeal. The event also featured the distribution of souvenirs showcasing Nepal's iconic Himalayan landscapes and tourist destinations.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store