Latest news with #SulaimanAlHarthi
Zawya
15-06-2025
- Business
- Zawya
OAB's Tumouhi initiative hits the road with SME development workshops across Oman
Muscat: Oman Arab Bank (OAB) has announced the launch of its SME Development Training Roadshow, a dynamic two-day program set to take place in Nizwa from June 17 to 18 under the patronage of H.E. Sheikh Dr. Faisal bin Ali bin Rashid Al Zidi; Wali of Manah. Held under the umbrella of the Bank's Tumouhi initiative, the roadshow is tailored to equip small and medium enterprise (SME) owners with essential business skills, financial knowledge, and networking opportunities to fuel their growth. Most notably, this is the third workshop after the Muscat and Sohar events, with the bank's aim to continue to cover all regions in the Sultanate of Oman. The workshop will be hosted at the Oman Chamber of Commerce and Industry Hall in Nizwa and is open to SME owners and aspiring entrepreneurs across the Sultanate. With a comprehensive agenda covering financial literacy, strategic planning, human resources, and marketing, participants will gain hands-on insights to help scale their ventures. Commenting on the initiative, Sulaiman Al Harthi, CEO of Oman Arab Bank, said, "At Oman Arab Bank, we believe SMEs are the backbone of our economy. Through the Tumouhi initiative, we are committed to empowering entrepreneurs with the skills and tools they need to thrive. The roadshow ascends being a mere training program. Truly, it is a platform for inspiration, connection, and sustainable growth." The Tumouhi SME Roadshow reflects OAB's broader commitment to national economic development through targeted support for small businesses. The initiative also aligns with Oman Vision 2040 by fostering a resilient private sector powered by innovation, inclusion, and enterprise. Interested participants can register via the official OAB website. Seats are limited and early registration is encouraged.
Mid East Info
21-05-2025
- Business
- Mid East Info
Oman Arab Bank Wins Top Cybersecurity Honor Cybersecurity & Risk Excellence at MEA Finance Awards - Middle East Business News and Information
Muscat, Oman. 21 May 2025. Oman Arab Bank (OAB) has been awarded Best Cybersecurity and Risk Management Implementation in Oman by MEA Finance at the 2025 Banking Technology Awards. The award recognizes the Bank's outstanding achievements in securing its digital operations while meeting the highest standards of regulatory compliance and customer trust. At the core of this achievement, OAB ensures that its cybersecurity practices are not only robust but fully compliant with national governance frameworks. Through its risk-aware security architecture, the Bank dynamically monitors, assesses, and mitigates cyber risks in real time — demonstrating operational integrity across all channels. In recent years, OAB has implemented an advanced threat detection and response platform with extended detection and response (XDR) and security orchestration, automation, and response (SOAR) capabilities. This has enhanced the Bank's ability to identify threats in real-time, analyze security events across multiple layers, and respond more effectively to incidents. Additionally, participation in a global vulnerability research initiative has further reinforced the Bank's defenses against advanced persistent threats and zero-day vulnerabilities. These technology investments have yielded measurable results, with the Bank achieving its lowest-ever Cyber Risk Exposure Management (CREM) percentage. This translates to fewer incidents, faster response times, and consistent success in cybersecurity audits. Beyond technology, Oman Arab Bank continues to foster a cyber-resilient culture through targeted staff training, phishing simulations, and executive-level cybersecurity drills, reinforcing the human layer of defense and building long-term organizational resilience. Mr Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, commented: 'Cybersecurity and risk resilience are no longer back-office functions — they are central to building customer trust and ensuring sustainable growth. This award is a reflection of our technology investment, and also a shared mindset across the Bank that prioritizes vigilance, accountability, and innovation.' The award enhances OAB's competitive edge, increases media visibility, and supports its mission to attract top talent in banking and cybersecurity. Internally, the recognition energizes teams and affirms the Bank's commitment to being a secure, forward-looking institution in Oman.
Mid East Info
08-05-2025
- Business
- Mid East Info
OAB Celebrates Omani Achievements at Special Olympics World Winter Games Turin 2025 - Middle East Business News and Information
Muscat, Oman – 8 May 2025: Oman Arab Bank (OAB) is pleased to be part of the Special Olympics World Winter Games – Turin 2025, supporting the participation of Special Olympics Oman in this global event that celebrates strength, determination, and excellence. This cooperation comes within the bank's steadfast commitment to Corporate Social Responsibility (CSR) and supporting members of the community. It aims to empower the Omani champions as they represent the Sultanate and achieve accomplishments on the international stage. This stems from the bank's belief that sports have the potential to enable individuals to overcome challenges, and it is proud to have been part of their inspiring journey. This year's Games saw six determined champions from Oman representing the Sultanate in snowshoeing, cross-country skiing, and short track speed skating. Together, they brought home an impressive total of seven medals, including gold, silver, and bronze — a proud moment for the Sultanate of Oman and a testament to the spirit of perseverance. Commenting on OAB's support for the Special Olympics, Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, said: 'At Oman Arab Bank, we believe in the power of inclusion and the importance of creating spaces where every individual can thrive. Supporting the Special Olympics is not just about sport — it's about values. It's about determination, equality, and celebrating the human spirit. We are incredibly proud of our Omani athletes and honored to play a role in their journey.' Oman Arab Bank's support contributed to enabling the Omani team's participation in the Special Olympics World Winter Games by providing the necessary resources, reflecting the bank's ongoing commitment to supporting Special Olympics programs in the Sultanate of Oman. The Special Olympics World Winter Games Turin 2025 brought together thousands of athletes from across the globe in a shared vision of unity and possibility. Oman Arab Bank is proud to have stood behind Oman's champions, reinforcing its promise to support initiatives that make a lasting impact.
Mid East Info
07-05-2025
- Business
- Mid East Info
Oman Arab Bank and Dar Al Atta'a Partner to Share the Gift of Reading at Muscat International Book Fair 2025
Muscat: As part of a leading initiative aimed at instilling the love of reading in the hearts of children and enhancing community interaction, Oman Arab Bank (OAB) has teamed up with Dar Al Atta'a, a leading charity organization in the Sultanate of Oman, for a special book donation campaign at the Muscat International Book Fair 2025. The fair, which was held from April 24 to May 3 at the Oman Convention & Exhibition Center (OCEC), served as a hub for book lovers, authors, and cultural enthusiasts alike. This year, OAB introduced an exciting opportunity for visitors to make a meaningful impact. A dedicated book donation box was set up at the fair near Gate 3, opposite the OAB booth. The bank invited all visitors to bring along their gently used books and donate them to the initiative. These books were then to be distributed to children across Oman to provide them with the tools to embark on their own journeys of discovery and imagination. Commenting on the initiative, Mr Sulaiman Al Harthi, CEO of Oman Arab Bank, said, 'We believe that reading opens doors to endless possibilities. This initiative is a testament to our commitment towards the communities we serve. By partnering with Dar Al Atta'a, we have not only helped instill the joy of reading into the hearts of young readers, but we also gave back to the community in a meaningful way. Through this initiative we hoped to inspire a generation of young readers; those same who will shape the future of our country.' The collaboration between OAB and Dar Al Atta'a reflects the bank's ongoing efforts to make a positive social impact. The book donation initiative is just one of the ways OAB supports educational and social causes, alongside its broader role in the digital transformation of Oman's banking landscape. OAB's participation as Official Banking Partner of the book fair was also aligned with its commitment to enhancing the visitor experience through cashless transactions using the OAB SoftPOS system at every book stall. Visitors were able to conveniently tap-to-pay to make quick and secure purchases. The Muscat International Book Fair served as a platform to promote cultural exchange and learning. Oman Arab Bank's involvement this year was a step towards fostering a society that values education, and knowledgeable empowerment.
Zawya
04-05-2025
- Business
- Zawya
Oman Arab Bank promotes financial awareness among youth in the Sultanate of Oman
Muscat – Oman Arab Bank, in collaboration with the Ministry of Education, has launched its pioneering initiative, Money Adventures for Young Savers, to prepare future generations for financial success. His Excellency Majid bin Said Al Bahri, Undersecretary of the Ministry of Education for Administrative and Financial Affairs, inaugurated the programme during a ceremony at Al-Ula Basic Education School in Al Ghubrah. The event marked the official launch of a nationwide campaign to equip students with essential financial literacy skills, in line with the Ministry's 'Khazna' initiative. Launched at a pivotal time, Money Adventures for Young Savers aligns with the objectives of Oman Vision 2040 by fostering a financially aware and responsible generation. The programme employs a forward-thinking educational model that combines interactive learning with real-life experiences. Students explore key financial concepts such as earning, saving, smart spending, and charitable giving through age-appropriate activities and engaging, hands-on learning stations. In its first year, the programme will reach 3,000 students across 50 schools in Oman, with 60 students participating from each school. Organisers will divide students into two groups to maximise engagement and learning outcomes. Seven interactive stations will offer rich educational content and experiential learning opportunities that make financial education accessible and enjoyable. At the launch, Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, said, 'In today's rapidly evolving economic landscape, it's vital to equip young people with the financial knowledge to make informed, responsible decisions. Through Money Adventures for Young Savers, we aim to nurture a new generation that values saving, investing, and prudent financial management. Our collaboration with the Ministry of Education enables us to deliver this impactful initiative and contribute meaningfully to the financial education of Oman's youth.' This initiative reflects a strong national partnership. Skilled Omani youth from Oman Arab Bank and the Ministry of Education developed the programme's educational content, training materials, and interactive tools. Their collaboration highlights a shared commitment to nurturing local talent and investing in educational initiatives that build a solid financial knowledge foundation among students. The programme will expand to include more schools across the Sultanate, reaffirming Oman Arab Bank's and the Ministry's commitment to providing inclusive, high-quality financial education. The goal is to empower all students with the financial skills they need to navigate life confidently and responsibly. As part of its broader community investment strategy, Oman Arab Bank views financial literacy as a cornerstone of sustainable development. This initiative reinforces the Bank's role as a proactive contributor to national goals. It supports economic and social progress by helping youth make informed financial choices that positively shape their futures and communities.
