Bank Nizwa signs financing agreement to construct Shifa Hospital
By: Times News Service
Muscat: As part of its strategic efforts to contribute to the development of the healthcare sector in the Sultanate, Bank Nizwa recently signed an agreement to finance the construction of a state-of-the-art multispecialty private hospital in the Sultanate.
Shifa Hospital is designed, owned and will be operated solely by Omani pioneers with a core focus in surgical specialities. The hospital is envisaged to provide in-country value by filling the gap in the country’s healthcare requirements and provide employment opportunities.Shifa Hospital specialising in sports medicine is also seen as a promising option for athletes in the Sultanate.
Bank Nizwa s Wholesale Banking records remarkable double-digit growth
By: Times News Service
R. Narasimhan, General Manager - Wholesale Banking, Bank Nizwa
Muscat: R. Narasimhan the General Manager - Wholesale Banking of Bank Nizwa speaks about the bank s significant role in developing and growing the banking industry and its wholesale banking division.
How was the year 2020 for the wholesale banking division? What key things stood out in terms of business opportunities?
Bank Nizwa has always strived to be the financial partner of choice for the people and enterprises of Oman. Our values of being driven, principled, innovative and helpful are the pillars of our approach in providing a diverse set of products and services. Performing this consistently is a proud achievement and thanks to our customers and stakeholders, our impressive financial results rightfully manifest our leading and most trusted position within Oman’s Islamic banking sector. Ever since inception, we have be
Bank Nizwa’s wholesale banking records remarkable growth in 2020
By: Times News Service
Muscat: Recognised as the leading and most trusted Islamic bank in the Sultanate, Bank Nizwa has successfully achieved all set targets of its maiden 5-Year Plan (2016 – 2020) and now set on a growth path.
Despite the unprecedented challenges brought about by the COVID-19 pandemic throughout the year, persistently low oil prices and various uncertainties that enveloped the market, Bank Nizwa was able to stand tall against all odds and record significant growth and profitability in 2020. Showing remarkable progress year-after-year, Bank Nizwa has acknowledged the efforts of its Wholesale Banking Group, recognising it as a vital contributor to its success.
ADVERTISEMENT
ADVERTISEMENT
Omani Drainage Co. Says $24M Award Must Be OK d
Law360 (December 10, 2020, 10:33 PM EST) An Omani state-owned sanitary drainage company is urging a California federal court to enforce a $24 million arbitral award over construction defects at a wastewater treatment plant, despite allegations from a U.S.-based engineering services company that the award was not issued by an impartial arbitrator.
Salalah Sanitary Drainage Services Co. SAOC said the court should reject Parsons Engineering Science Inc. s objections that the arbitration was unfair due to the arbitrator s undisclosed financial interest in the outcome of the proceeding, arguing Thursday that its eleventh-hour attempts to inject speculative, unsubstantiated allegations of fraud and denials of due process aren t enough for the.