Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oman- ODB provides RO5.4mn finance to Al Rafd Fund  Join our daily free Newsletter

MENAFN - Muscat Daily - 04/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Oman Development Bank announced that the total money provided to the Al Rafd Fund to disburse loans amounted to RO5.4mn for the January to May 2014 period.

This accounted for 73 per cent of the total value of applications, of RO7.4mn, received by the fund, ODB said at a press conference on Tuesday. Muscat governorate accounted for 48 per cent of the total value of loan applications that were submitted to the fund and financed by ODB.

Batinah North accounted for 12 per cent, Dakhliyah and Al Dhahirah nine per cent each, Dhofar seven per cent, Sharqiyah South six per cent, Batinah South and Sharqiyah North four per cent each, and Buraimi one per cent.

According to Hamed Salim al Harthy, acting general manager of ODB, the finance provided to the Al Rafd Fund to disburse against loans requested was distributed as follows: RO112,839 in January (90 per cent of the total value of loan applications submitted to the fund), RO545,702 in February (73.4 per cent), RO1.3mn in March (72.4 per cent), RO2mn in April (84.5 per cent), and RO1.3mn in May (57.6 per cent).

Speaking to Muscat Daily, Harthy added, ''The maximum loan amount disbursement for small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) is RO100,000, while the maximum rate of interest charged is two per cent.''

 


Muscat Daily




  MENA News Headlines
 Jun 25 2016 - Clouds Interiors, an Interior Design Company in Doha Qatar, is Now Offering Office Interior DesignsMENAFN Press
(MENAFN Press) --> DOHA, Qatar, June 25, 2016 /PRNewswire/ -- The founders of Clouds Interiors, a company that offers interior design Qatar business owners can rely on, are pleased to announce that ...

 Jun 25 2016 - IOM Responds to Malaria Upsurge in Bentiu, South SudanMENAFN Press
(MENAFN Press) IOM Responds to Malaria Upsurge in Bentiu, South Sudan GENEVA, Switzerland, June 24, 2016/APO (African Press Organization)/ -- IOM is scaling up resources to respond to an upsurge in ...

 Jun 25 2016 - Mediterranean Migrant Arrivals in 2016: 214,861 Deaths: 2,861MENAFN Press
(MENAFN Press) Mediterranean Migrant Arrivals in 2016: 214,861; Deaths: 2,861 GENEVA, Switzerland, June 24, 2016/APO/ -- IOM reports an estimated 214,861 migrants and refugees entered Europe by sea ...

 Jun 25 2016 - New Fantasy Novel by D.L. Jordan Hailed as the Next Harry PotterMENAFN Press
(MENAFN Press) The Genesis of Destiny, a book by author D.L. Jordan is being compared to Harry Potter and is set to captivate young adults and adults alike. The Genesis of Destiny: Book 1: The ...

 Jun 25 2016 - Thousands of Nigerian Refugees Fleeing Boko Haram in 'Dire Health Situation'Morocco World News
(MENAFN - Morocco World News) Medicins Sans Frontieres reported Thursday that almost 200 Nigerian refugees have died from starvation and malnutrition in the past month while in the Bama refugee camp. ...

 Jun 25 2016 - AfDB Approves $134 Million Loan to Support Morocco's Social Sectors GovernanceMorocco World News
(MENAFN - Morocco World News) ;">Abidjan – The African Development Bank (AfDB) approved, Wednesday in Abidjan, a loan of $134.65 million to support Morocco''s social sectors governance. The ...

 Jun 25 2016 - The Moroccan Antiquated TelevisionMorocco World News
(MENAFN - Morocco World News) Some years ago, the late Larbi Messari, journalist, newspaper editor and former minister of communication told the press that Moroccans were ''audio-visual migrants'' ...

 Jun 25 2016 - SCOTUS Ruling on SDVOSBVOSB Companies Serving the Dept of Veterans AffairsMENAFN Press
(MENAFN Press) SCOTUS Ruling on SDVOSB / VOSB Companies Serving the Dept of Veterans Affairs Centered by Patient Care, Driven by Innovation Veterans Serving Veterans Our team has decades of ...

 Jun 25 2016 - Adipic Acid Market Research Value Analysis and Forecasts to 2021MENAFN Press
(MENAFN Press) Adipic Acid Market Research Value Analysis and Forecasts to 2021 ReportsWeb added report on "Global Adipic Acid Consumption 2016 Market Research Report'', the report comprises ...

 Jun 25 2016 - Jordan to sign deal with EU for energy projects at USD101.51mnMENAFN
(MENAFN) Jordan will sign a deal with the EU granting the kingdom almost USD101.51mn in order to support renewable energy projects.Furthemore, the grant will fund the second phase of the renewable ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help