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CELEBRATION OF SUCCESS
AIWA Awards for Best Performing Companies felicitated
the top ranked companies listed on Muscat Securities
Market
In a red carpet gala function at Shangri La Barr Al
Jissah on June 10, AIWA Awards For Best Performing
Companies recognised and celebrated the success of top
achievers of corporate Oman in 2011. HE Dr Rasheed bin
Al Safi Al Huraibi, chairman of the Tender Board, was
the chief guest for the award function. The event was
held under the auspices of HH Sayyid Tarik bin Shabib.
AIWA Awards for Best Performing Companies are instituted
by Alam al-Iktisaad Wal A’mal (AIWA), Oman’s leading
Arabic monthly business magazine, published by United
Media Services (UMS).
“A roaring success, AIWA Awards for Best Performing
Companies has emerged as a benchmark for measuring
excellence in corporate performance in Oman,” commented
Alpana Roy, executive vice president, United Media
Services (UMS). The banks and non-banking finance
companies (NBFCs) swept the AIWA Awards For Best
Performing Companies. In the large cap segment, AhliBank
topped the list of winners for the second successive
year in a row. It was followed by four other winners
including National Bank of Oman, BankSohar, BankMuscat
and Omantel.In the mid cap segment, Oman Refreshment
emerged on top. The other winners in the segment
included United Finance, Taageer Finance, Oman Chlorine
and Al Omaniya Financial Services. In the small cap
category, Oman Fiber Optics was ranked number one. It
was followed by other winners including Muscat National
Holding, Sahara Hospitality, Oman Orix Leasing and
National Gas.
His Excellency Mohammad al Zubair, the founder of Zubair
Group and advisor to His Majesty was honoured with the
AIWA Lifetime Achievement Award. His son Husam Al
Zubair, who is the vice chairman of Zubair Automotive
Group, received the trophy on behalf of HE Mohammad al
Zubair. Petroleum Development Oman (PDO) won the AIWA
Award for Excellence in Corporate Leadership. Noted
businessman Hussain Salman Al Lawati, vice chairman and
managing director of Oman Cables Industry and chairman
of Oman Aluminium Processing Industries, walked away
with the AIWA Global Omani of the Year Award.
Leading brands in the Sultanate had joined hands with
Alam al-Iktisaad Wal A’mal, the leading business
publication from United Media Services, in bringing the
AIWA Awards for Best Performing Companies to life. Bank
Sohar and Genesis Prada (the luxury car series from
Hyundai) were the Strategic Partners. Mouawad, Muscat
Pharmacy and The Wave, Muscat were the support partners.
Gulf Baader Capital Markets (GBCM) was the knowledge
partner whereas KPMG was the validation partner for the
ranking process used for the awards. Times of Oman and
Al Shabiba were the media partners.
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May - 2013 |
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Cover Story |
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ON SOUND FOOTING
The Global economy is yet to recover four years after the beginning of the global financial crisis. During 2012, global economic growth has weakened further. Global growth dropped to almost 3 per cent in 2012. A growing number of developed economies have fallen into a double-dip recession. Those in severe sovereign debt distress moved even deeper into recession, caught in the downward spiraling dynamics from high unemployment... |
| Buseniss Briefs |
OMANTEL PROMISES CUSTOMISED BROADBAND SERVICES
Omantel has re-iterated its commitment to provide customers with the best broadband experience offering the broadest choice, the widest coverage and superior quality of services. “We aim to provide all customers with a broadband service which fits their specific requirements, leveraging our fixed and mobile networks. Our range of offerings is wide, and we trust we can offer something for everyone,” said Samy al Ghassany, chief operating officer, Omantel... |
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Other Headlines |
Maserati Ghibli to debut in Shanghai
Maserati has released the first official images of its upcoming four-door sports executive sedan in advance of its debut at the Shanghai Motor Show later this month. The all-new Ghibli is set to break new ground for Maserati. The Ghibli will have a sportier character compared to the larger Quattroporte, launched at the beginning of this year... |
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A class of its own
The Aston Martin Vanquish sits proudly at the pinnacle of the luxury British car maker’s sports car line-up and points to an exciting and confident future for the historic brand. Visvas Paul D Karra gets behind the wheel of this breathtaking new super grand tourer which represents the zenith of design and engineering... |
Expect the Unexpected
Hyundai is unarguably one of the fastest growing automotive brands in the world. Oman market is not an exception either as we see more and more Hyundai cars running on the Sultanate’s roads. In the recent years, Hyundai as a brand is undergoing a dramatic metamorphosis. For decades, Hyundai had worked on strengthening its positioning as the ‘value’ brand catering to the mass market... |
Mouawad officially opens at Opera Galleria
Mouawad officially inaugurated its new boutique at Opera Galleria, Muscat’s new prestigious shopping destination, recently. The new showroom is the second for Mouawad in Oman’s capital and the first to be designed according to the new generation store concept. The grand opening was attended by both local clientele and VIPs and was honoured with the visit of popular Yemeni singer and television host, Arwa as well as two generations of Mouawads... |
Foreign investment set to rise
Oil production may be continuing to increase in Oman, but the Sultanate’s focus remains firmly fixed on preparing for a post-oil future. In March, it was announced that despite concerns over the longevity of its oil production capacity, Oman’s average daily output rose to 918,000 barrels per day (bpd), outdoing the 2011 average of 884,900 bpd... |
Oman Forum 2013 on May 6
Leading experts from the Government, economy and society are going to debate on the most important agendas before the nation, in Oman Forum 2013. The event is taking place on Monday, 6 May at Oman Auditorium, Al Bustan Palace Ritz-Carlton. HE Darwish bin Isma’eel bin Ali al Balushi, Minister Responsible for Financial Affairs, is the chief guest for Oman Forum 2013... |
Saving energy
Oman Cables Industry (OCI) has quantified and monitored regularly its electricity and water consumption and set up low-cost, sustainable and effective systems in order to reduce the consumption, per unit production, by 15 per cent in water and 5 per cent in electricity.
Lighting up three large plants can draw a lot of electric energy... |
Executive Movements
BankDhofar has promoted Ahmed Said Al Ibrahim and Faisel Hamed Suliman Al Wahibi respectively as deputy general manager, government relations and deputy general manager, retail banking division, with effect from April 2013. Ahmed Said holds an MBA in finance from University of Hull, UK as well as BA in media and journalism from Sultan Qaboos University... |
Ultra-portable
For photography enthusiasts looking for a high-end compact that delivers outstanding images even in low light, the game-changing Olympus Stylus XZ range stands out from the crowd. Photocentre, the authorised distributors for Olympus in Oman, has bolstered the range, with the addition of the slender Olympus Stylus XZ-10. The XZ-10 offers an ideal combination of optical brilliance, fast lens response, pocket-sized design and the usability required to shoot and share every day on the fly... |
Pursuit of partnerships
Creative Action Design (CAD) is an internationally renowned design company which applies creative thinking, global experience and original approaches across a broad range of creative services incorporating commercial and retail spaces... |
The bullish case for South Korean shares
South Korea’s KOSPI stock market index has been an underperformer against China, Japan and ASEAN since November due to the spike in the yen/won rate. This is only natural since South Korea’s chaebols (conglomerates), with their auto/electronics exports, face Japanese competitors in global export markets... |
Aiming high
The heating, ventilation and air conditioning (HVAC) industry plays a critical role in Arabian Gulf’s construction sector where the summer temperature shoots ups to nearly 50 degree Celsius. The HVAC industry in the region has weathered the economic downturn much better than most developed... |
Inimitable Style
Arnold & Son has released one of the most alluring and precise moonphase watches. The HM Perpetual Moon, with one of the biggest moonphase apertures on the market, rightfully joins the Arnold & Son Royal Collection. The Royal Collection is inspired by the timepieces created in the early part of John Arnold’s life, and pay tribute to the watches he produced for King George III and members of the royal... |
Mapping your destinations
Fahad Al Lawati, founder and CEO of Dubai-based smallmap.com talks about his innovative social travel website which serves as an information sharing portal for travellers from across the world. Excerpts from an OER interview... |
SAYARTI AUTOCARE
A part of the Sayarti Group, Sayarti Autocare has over the years grown into one of the most popular and successful brands within the automotive care industry in the Sultanate. The company’s full range of personalised quality auto services and premium products... |
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