Latest news with #SultanateOfOman
Zawya
2 days ago
- Business
- Zawya
Oman's finance and leasing sector supports economic diversification under Vision 2040
Muscat: Sultanate of Oman financial services industry continues to play a central role in supporting the country's long-term development strategy. A new Growth Perspectives video produced by Oxford Business Group (OBG) in partnership with National Finance Company, the sultanate of Oman leading finance company, explores how the finance and leasing segment is fuelling economic diversification by addressing funding gaps and facilitating investment across key sectors. The video, titled Sultanate of Oman Finance and Leasing Sector Fuelling Economic Diversification, examines the ways in which financial solutions are enabling businesses to scale up operations, create employment opportunities and contribute to national growth. Particular emphasis is placed on the role of tailored financing mechanisms in supporting small and medium-sized enterprises (SMEs), which are recognised as vital to private sector development. Under Oman Vision 2040, economic diversification and private sector participation are top priorities. The finance and leasing sector is well positioned to contribute to these objectives through the provision of capital for logistics, construction, manufacturing and other industries. Leasing arrangements for industrial equipment, working capital loans and sale-and-leaseback options are among the solutions highlighted in the video as helping to bridge the financing gap for businesses of all sizes. The interview features insights from Tariq Sulaiman Al Farsi, Chief Executive Officer of National Finance Company, who outlines the company's approach to facilitating access to finance through inclusive, innovation-driven products and services. He also discusses how the company is aligning its strategy with the broader goals of Oman Vision 2040, including support for emerging sectors such as renewable energy and digital technology. 'Financial inclusion is fundamental to achieving economic diversification,' Al Farsi said. 'At National Finance, we are committed to supporting Sultanate of Oman growth by empowering entrepreneurs, enhancing access to credit and ensuring that our solutions are designed to meet the needs of a rapidly evolving economy.' Dana Carmen Agarbicean, OBG's Country Director in Sultanate of Oman, noted that the country's finance and leasing sector has become an essential enabler of long-term development. 'Sultanate of Oman progress towards a more diversified economy is underpinned by robust and adaptive financial mechanisms. The sector's contribution to national priorities—particularly the growth of SMEs and strategic industries—reflects its key role in shaping a resilient and competitive business environment,' she said. This Growth Perspectives video forms part of Oxford Business Group's wider research for The Report: Sultanate of Oman 2025, the Group's forthcoming publication on the country's investment opportunities and economic developments. An in-depth interview with Tariq bin Sulaiman Al Farsi will also appear in the report. To view the video, visit: About Oxford Business Group Oxford Business Group (OBG) is a global research and advisory company with a presence in over 30 countries, spanning Africa, the Middle East, Asia, and the Americas. It is recognised internationally as a distinctive and respected provider of on-the-ground intelligence on world's fastest-growing markets, termed The Yellow Slice, in reference to OBG's corporate colour. Through its range of products – Economic News and Views; OBG CEO Surveys; OBG Events and Conferences; Global Platform, which hosts exclusive video interviews; and The Report publications – as well as its Advisory division, OBG offers comprehensive and accurate analysis of macroeconomic and sector-level developments for sound investment opportunities and business decisions. OBG provides business intelligence to its subscribers through multiple platforms, including its direct subscribers, Dow Jones Factiva subscribers, the Bloomberg Professional Services subscribers, Refinitiv's (previously Thomson Reuters) Eikon subscribers, and more. For more information, please contact: Marc-André de Blois Director of PR and Video Content, Oxford Business Group E-mail: mdeblois@ 802 Publishing Pavilion, Production City PO Box 502 659 Me'aisem First Dubai UAE 6th Floor 105 Victoria Street London SW1E 6DT Register to receive our Economic Updates:
Zawya
4 days ago
- Climate
- Zawya
Oman: Northwesterly wind activity to cause dust
Muscat: The Oman Meteorological Office has issued an alert stating that northwesterly winds will be active starting today and continuing until Wednesday evening, affecting most governorates of the Sultanate of Oman. These winds will cause dust and dirt to rise in desert and open areas, potentially leading to a decrease in horizontal visibility. Along the Arabian Sea coasts, winds are expected to be southerly to southwesterly moderate to fresh, while along the Sea of Oman coasts they will be northeasterly light to moderate during the day, becoming northwesterly light to moderate at night. Over the rest of the governorates, winds will be southwesterly to northeasterly light to moderate, occasionally fresh over deserts and open areas. The northwesterly wind could also result in sea waves rising on the coasts of western Musandam Governorate, reaching a maximum height of two metres and in the Sea of Oman, reaching a maximum height of 1.5 metres. Clear to partly cloudy skies are expected over parts of Dhofar Governorate, Al Sharqiyah South Governorate, and Al Wusta Governorate with a chance of isolated rain. Mainly clear skies are expected over the rest of the governorates with high clouds advection. According to the general weather forecast, there is also a chance of cloud formation and advection over south Al Hajar Mountains and the adjoining area, as well as a chance of dust rising over desert and open areas. There are also chances of low clouds or fog patches late at night and early in the morning over coastal areas of the governorates of Dhofar, Al Sharqiyah South and Al Wusta.
Times of Oman
5 days ago
- Politics
- Times of Oman
Oman condemns Damascus church bombing
Muscat : The Sultanate of Oman has condemned the bombing that targeted a church in the Syrian Arab Republic. The Ministry of Foreign Affairs expressed the Sultanate's condemnation of the bombing that targeted a church in the Syrian capital, Damascus. The Ministry expressed its sincere condolences to the government and people of the Syrian Arab Republic and the families of the victims. It also wished a speedy recovery to the injured. The Ministry affirmed Oman's firm position in rejecting all forms of violence and terrorism.
Times of Oman
6 days ago
- General
- Times of Oman
Environmental situation in Oman is stable, no signs of elevated radiation
Muscat: The Environment Authority (EA) has confirmed that the environmental situation in the Sultanate of Oman is stable, with no signs of elevated radiation levels or any abnormal environmental impacts recorded so far. The EA noted that it is closely monitoring recent developments related to the targeting of nuclear sites in the region, in light of the ongoing escalation and the potential transboundary environmental repercussions. The EA confirmed that it operates within an integrated national system, in coordination with the relevant authorities, to monitor environmental and radiation data in real-time, through the radiation monitoring and early warning system deployed across the Sultanate of Oman's various governorates, in addition to continuous connectivity with relevant regional and international centers. The EA said that it monitors and follows up around the clock are continuing, as part of its role in protecting the environment and ensuring the safety of people and natural resources in Oman.
Times of Oman
6 days ago
- Politics
- Times of Oman
Oman condemns escalation resulting from US bombing of Iran
Muscat: The Sultanate of Oman expressed deep concern and condemnation over the escalation resulting from the direct airstrikes launched by the United States of America on sites in the Islamic Republic of Iran. In a statement issued by the Ministry of Foreign today, the Sultanate of Oman condemned this illegal aggression and called for immediate and comprehensive de-escalation, adding that the actions of the United States of America threaten to expand the scope of the war and constitute a serious violation of international law and the UN Charter, which prohibits the use of force and the violation of the national sovereignty of states and their legitimate right to develop their nuclear programs for peaceful uses subject to the supervision and monitoring of the International Atomic Energy Agency (IAEA) in accordance with international protocols, including the Geneva Conventions, which prohibit the targeting of nuclear facilities due to the risks of contamination and radiation.
