OHB to provide over RO 145 million in housing loans
Mousa bin Masoud al Jadidi, CEO of Oman Housing Bank, emphasized that these financings reflect the bank's strategy to enhance housing stability by providing soft loans with competitive terms, contributing to Oman Vision 2040's housing and social development goals. The loans cover a range of needs, including home purchases, land acquisition for construction, and direct home-building, offering flexible options for beneficiaries.
Al Jadidi reaffirmed the bank's commitment to delivering innovative financing solutions that support urban development and improve the quality of life for citizens. To enhance efficiency, the bank is implementing comprehensive updates to its services, including a new digital system that will provide integrated electronic services for loan and account management. He highlighted that Oman Housing Bank has significantly reduced waiting times for loan approvals by restructuring internal mechanisms and expanding specialized teams, cutting the waiting period from four years to just eight months.
He also noted that the bank remains dedicated to providing accessible financing solutions across all governorates, ensuring a balanced distribution of funds to support Omani families in securing suitable housing. Looking ahead, Oman Housing Bank plans to enter a new phase of development and expansion, reinforcing its role in creating a sustainable and integrated housing environment in the Sultanate of Omsn.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Muscat Daily
3 hours ago
- Muscat Daily
Oman-South Korea discuss energy and green hydrogen cooperation
By OUR CORRESPONDENT Seoul – H E Mohsin bin Hamad al Hadhrami, Undersecretary of the Ministry of Energy and Minerals, met in Seoul with His Excellency Lee Ho–hyun, Second Assistant Minister of Trade, Industry and Energy, and Kang Kyung-sung, CEO of the Korea Trade-Investment Promotion Agency (KOTRA), to strengthen cooperation in the energy sector and advance the third round of green hydrogen projects. The meetings reflect Oman's commitment to positioning itself as a leading regional hub for green hydrogen production, supporting the transition to a low-carbon economy and enhancing the Sultanate's competitiveness in global energy markets. These efforts are aligned with Oman Vision 2040 and the country's goal of achieving net zero emissions by 2050. The discussions were also attended by H E Zakaria bin Hamad al Saadi, Ambassador of Oman to South Korea, and Eng. Abdulaziz bin Saeed al Shaikhani, General Manager of Hydrogen Oman Company (Hydrom).
Observer
3 hours ago
- Observer
Forum looks at importance of emotional intelligence
SALALAH: The Oman Society for Human Resource Management (OSHRM), in partnership with the Ministry of Labour, opened the 5th Annual Human Resource Forum in Salalah on Tuesday under the theme 'Leading from the Heart – The Power of Emotional and Social Intelligence in Communities.' The two-day forum, hosted at Millennium Hotel Salalah, brings together senior leaders, experts and practitioners in management and organisational development to explore the role of human-centred leadership in strengthening institutions and national talent in line with Oman Vision 2040. The opening ceremony for the two-day event was held under the auspices of HH Sayyid Marwan bin Turki al Said, Governor of Dhofar, who felicitated the speakers and contributors to the event's organisation. The forum's events included a panel discussion titled 'People with Disabilities: From Inclusion to Effective Empowerment', which discussed ways to effectively empower and integrate people with disabilities into society and enhance their role in various fields. In his welcome remarks, Faisal al Siyabi, CEO of OSHRM, highlighted the forum's mission to 'empower people, inspire teams and lift productivity.' This was followed by a keynote from HH Sayyidah Meyyan bint Shihab al Said, who underscored the importance of values-based leadership in driving sustainable development and enabling institutions to adapt to change. The first day featured sessions on decision-making, inspiration in leadership and a panel on 'Transforming Towards Value-Driven Leadership' with contributions from Shaikha al Bassami, Abdullah al Rawahi, Shaikh Abdullah al Rawasi and Shaikh Mohammed bin Zuwed al Mashari. The forum also honoured Dr Saleh al Fahdi for his contributions to leadership thought. Working papers covered topics including emotional intelligence, team cohesion and strategic planning. A practical training session on 'Maximising Personal Impact' introduced participants to tools such as the Pareto 80/20 principle and the DISC behavioural model. 'We're in Salalah to spotlight leadership from the heart — how emotional and social intelligence help leaders succeed and organisations thrive,' said Mohammed bin Ahmed al Riyami, OSHRM board member. 'This edition also showcases journeys of employees with disabilities who advanced into leadership roles — practical lessons others can adapt.' The programme continues on Wednesday with case studies from leading organisations on how emotional and social intelligence have shaped leadership strategies and improved institutional performance. Organisers positioned the forum as a strategic platform to translate 'leading from the heart' into actionable HR practices that support national development priorities.
Muscat Daily
5 hours ago
- Muscat Daily
Oman, Uzbekistan explore stronger economic and investment ties
Muscat- The Sultanate of Oman and the Republic of Uzbekistan held official talks on Tuesday to boost cooperation in investment, industry and trade. H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, received in Muscat H E Laziz Kudratov, Minister of Investment, Industry and Trade of Uzbekistan. The discussions aimed at strengthening economic and investment relations between the two countries. Talks covered ways to advance trade cooperation, explore new investment opportunities and follow up on the outcomes of the Omani-Uzbek Joint Committee. The two sides also discussed collaboration in sectors including transportation, industry, mining and tourism, as well as the potential for knowledge exchange and strategic partnerships. The meeting also highlighted the importance of public-private sector cooperation to diversify sources of income and expand bilateral trade. H E Abdulsalam bin Mohammed al Murshidi, President of Oman Investment Authority, also met the visiting minister and his delegation to review opportunities aligned with the priorities of both countries and explore avenues for joint initiatives. The Uzbek delegation – comprising senior officials and business leaders – will hold meetings with Omani counterparts during their two-day visit, focusing on logistics, banking, textiles and oil and gas. The talks were attended by H E Pankaj Khimji, Advisor for Foreign Trade and International Cooperation at MoCIIP; H E Abdul Salam Khatamov, Ambassador-designate of Uzbekistan to Oman; Eng Nasser bin Khalifa al Kindi, CEO of Invest in Oman; and a number of other officials. During a separate meeting with Uzbek business leaders, H E al Yousef presented investment opportunities in Oman, addressing trade challenges and highlighting the country's competitive investment environment. A presentation on 'Invest in Oman' showcased incentives for investors, benefits of the residency programme, and opportunities within special economic and free zones. The delegation is also scheduled to visit the 'Invest in Oman' lounge to review services, procedures and facilities available to investors. The visit reflects MoCIIP's efforts to position Oman as a leading investment destination and to expand partnerships with friendly countries to achieve mutual economic growth.
