News & Events
Unified registration system for oil sector contracts
"The goal is to take Omani companies internationally — something we’re looking to pursue through the Ministry of Oil and Gas. Initially, Omani contractors will be able to tap into opportunities in the Qatar oil and gas industry via this platform."
PDO, the country's largest oil and gas operator, says it is working to encourage its vast pool of vendors to register under the JSRS. "We have currently around 3,200 vendors registered with PDO. Of this number, around 800 have registered via the JSRS. Our target is to get all of our vendors to shift to the JSRS by mid-year, said Salim al Harthy of PDO's In-Country Value Department."
Sharakah sets record with OMR814,000 in funding small units
MUSCAT: Fund for Development of Youth Projects, also known as Sharakah, has exceeded the target investment in small and medium enterprises (SMEs), reaching an all-time-high of OMR814,000, said officials from the company.
This was revealed at Sharakah's annual general meeting (AGM) for the financial year ended December 2014, which was held on Monday.
Said Salim Al Sahib, vice-chairman of the board of directors, presided over the meeting which was attended by the directors, shareholders and officials from the concerned authorities.
Reviewing Sharakah's achievements in 2014, Al Sahib said that the performance of the projects supported by Sharakah shows signs of positive growth.
Al Raffd Fund Mobile Branch feulling SME growth
MUSCAT: The Mobile Branch of Al Raffd Fund, launched in June 2014 for rendering services and information related to startup ventures is starting to show signs of progress, and is determined to continue to extend a helping hand to aspiring entrepreneurs in coming years.
Aspiring Omani entrepreneurs with start-up ventures or just vague idea of self-employment are receiving extensive support, training, mentorship and finance from Al Raffd Fund. Additional support and networking opportunities are provided in later stages.
According to Al Raffd Fund, the Mobile Branch is reaching out to the areas that are far away from the Ghala-based Headquarters of Al Raffd Fund and Public Authority for the Development of SMEs (PADSME, also Riyada).