Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

90 decisions of the Bahla SME symposium implemented PADSME  Join our daily free Newsletter

MENAFN - Muscat Daily - 28/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) The third seminar on following up on the implementation of the decisions of the SME Development Symposium, which was held at Seih Al Shamikhat in the wilayat of Bahla in January 2013, was held at the Al Bustan Palace Hotel on Thursday under the auspices of H E Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry.

Speaking to reporters on the sidelines of the seminar, Khalifa bin Said al Abri, acting CEO of the Public Authority for the Development of Small and Medium Enterprises (PADSME), said that almost 90 per cent of the decisions which were taken during the Bahla SME Symposium have been implemented.

Abri also delivered a speech pointing out that the Ministry of Housing has allocated land plots in different parts of the sultanate, either for building business centres or land plots with usufruct agreements for entrepreneurs and owners of SMEs. ''In collaboration with a number of public organisations, not less than 10 per cent of the public purchases and tenders were allocated for the SMEs.''

During the seminar, a number of agreements and MoUs were signed for the loan guarantee program. An agreement was also signed between PADSME and the National Business Center for managing the incubators that will be established by the Authority in different parts of the sultanate. A third agreement for consultancy services was also signed.

The seminar also witnessed the launch of the mobile branch for PADSME and the Al Rafd Fund, which will render services and information related to starting business. ''This mobile branch will reach out to the areas that are far away from the head office of the Authority and Al Rafd Fund, so there is no need to ask SMEs to come to Muscat to get our services. We are also going to announce an SME card soon. These cards will be granted to SMEs so they can benefit from certain facilities from the government authorities and also from the private sector,'' Abri said.

The seminar included a presentation on the Entrepreneurship Award, which comes in response to the Royal Directives of His Majesty Sultan Qaboos Bin Said. The bi-annual award, which aims at promoting entrepreneurship culture and enhancing the performance and competitiveness of the small and very small enterprises, will be launched on July 9, 2014.

Abri said that financing or funding is no longer a big issue in Oman for SMEs. ''We have the Al Rafd Fund and a loan-guarantee program which is going to be expanded with seven more banks. Lots of SMEs will benefit from this.''

He added that the contribution of the SME sector to the GDP is currently 15-16 per cent. ''In our database we have over 6,000 SMEs registered with the Authority and the number is rising everyday. There are over 100,000 SMEs in the country,'' Abri ad

 


Muscat Daily




  MENA News Headlines
 Dec 19 2014 - Iraq to defer war reparations to Kuwait for a year, says UNThe Peninsula
(MENAFN - The Peninsula)  Iraq can delay payment of a final $4.6bn in war reparations for its 1990 invasion of Kuwait because of the difficulties it faces in battling the Islamic State insurgency, ...

 Dec 19 2014 - Qatar- Leaders attend National Day paradeThe Peninsula
(MENAFN - The Peninsula)  Patriotic fervour was at its zenith as the Emir H H Sheikh Tamim bin Hamad Al Thani and the Father Emir H H Sheikh Hamad bin Khalifa Al Thani walked into the crowds and ...

 Dec 19 2014 - First Qatari reaches South Pole, hoists flag to mark National DayThe Peninsula
(MENAFN - The Peninsula)  Reach Out To Asia (ROTA) Ambassador Sheikh Mohammed bin Abdullah Al Thani became the first Qatari to reach the South Pole, where he hoisted a flag to commemorate National ...

 Dec 19 2014 - Kellogg outbids Abraaj for third time in race for Egypt's BiscoThe Peninsula
(MENAFN - The Peninsula)   Breakfast cereal maker Kellogg Co has again raised its bid for Egyptian snack maker Bisco Misr, outbidding private equity group Abraaj for the third time and snatching the ...

 Dec 19 2014 - Impossible for Saudi to reduce oil output: MinisterThe Peninsula
(MENAFN - The Peninsula)  Leading Opec producer Saudi Arabia said yesterday that competitive pressures prevent it from reducing output, and the kingdom can weather plunging oil prices.Oil Minister ...

 Dec 19 2014 - Qatar- Tower rents to face pressure on new supplyThe Peninsula
(MENAFN - The Peninsula)  Qatar's office and residential rental markets remained strong during the third quarter of 2014 (Q3, 14). Offices recorded high rates across locations, with robust demand at ...

 Dec 19 2014 - Oil resumes slide after brief rebound on short-coveringThe Peninsula
(MENAFN - The Peninsula)  Global crude prices fell again yesterday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a ...

 Dec 19 2014 - Algeria, France to enhance security cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Algerian Minister of Interior and Local Governments Tayeb Belaiz met his French counterpart Bernard Cazeneuve here on Thursday to discuss security ...

 Dec 19 2014 - Arab telecom. ministers wrap up 18th session in CairoKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Arab Telecommunications and Information Council of Ministers on Thursday welcomed a request that the Algerian city of Constantine, 2015 Capital of Arab Culture, ...

 Dec 19 2014 - ISIL senior leadership killed in airstrikes - PentagonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The Pentagon revealed Thursday that "multiple senior and mid-level leaders" in ISIL have been killed by the US-led coalition's airstrikes since mid-November."We ...

more...


 






Google

Click to Apply

 
 

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