Latest news with #Harthi
Muscat Daily
27-07-2025
- Business
- Muscat Daily
Development Bank approves loans worth RO110mn during H1 2025
Muscat – Oman's Development Bank approved 3,716 loans worth RO110mn during the first half of 2025, marking a 13% increase compared to the same period last year. This growth reflects the bank's ongoing commitment to supporting Oman Vision 2040 by promoting economic diversification and strengthening the private sector across the country. 'The loans and programmes we provide contribute significant added value to our national economy,' said Hamad al Harthi, MSME Chief & Portfolio Management at Development Bank. 'We're helping to meet food security requirements, reduce reliance on imports, and encourage entrepreneurs to pursue new opportunities.' The bank's success stems from its tailored approach, which recognises the unique needs of businesses at various stages of development. 'We craft solutions that align with their business strategies,' Harthi explained, enabling both start-ups and established companies to grow and expand their operations. As part of this comprehensive strategy, H1 2025 financing was distributed across key economic sectors driving national development. Manufacturing received the largest allocation at RO38mn, reflecting the sector's critical role in reducing import dependence. General professional services attracted RO19mn, while traditional sectors also received strong support, with fisheries receiving RO14mn, agriculture RO9mn, and mining RO8mn. This sector-focused strategy was complemented by a broad geographical reach across Oman. Muscat Governorate received RO25mn, while regional development was supported through significant allocations to North Al Batinah at RO18mn and South Al Sharqiyah at RO14mn. South Al Batinah received RO11mn, and Al Wusta Governorate RO8mn—ensuring development opportunities reach communities nationwide. The increased lending demonstrates the Development Bank's commitment to supporting businesses of all sizes, from start-ups and SMEs to large corporates. This inclusive approach enables entrepreneurs to implement projects across growth-driving sectors while maximising local value creation and contributing to Oman's strategic economic objectives. As part of a broader ecosystem of government institutions aligned with Oman Vision 2040, Development Bank continues to provide support and incentives aimed at strengthening national industries and promoting in-country value. 'Our shared goal is sustainable and inclusive progress,' Harthi said. 'We're proud that our support is helping ambitious, growing companies fulfil their potential while driving economic transformation.'
Muscat Daily
08-04-2025
- General
- Muscat Daily
Oman Across Ages Museum draws over 120,000 students
Manah – The Oman Across Ages Museum in Manah, Dakhliyah, welcomed more than 120,000 students in 2024, reinforcing its position as a key educational and cultural institution in the sultanate, according to Eng Al Yaqzan al Harthi, director general of the museum. Harthi said the museum offers a detailed account of Oman's cultural and civilisational history, showcasing the evolution of the Omani identity through different historical periods. He noted that the museum witnessed over 400 school visits throughout the year, engaging thousands of students and encouraging interest in national heritage among the youth. 'Many students expressed their admiration for the museum and its collections,' Harthi said. He added that the museum's use of modern technology has helped make cultural content more accessible. 'We also meet people during their visits to collect feedback, which helps us continually improve the museum.' In recognition of its role, the Oman Across Ages Museum received the Best Project Award in the Heritage and Culture category at the 2024 Best Projects of the Year Awards, held alongside the Light Show in Dubai. It was also shortlisted among the top five museums globally in the International Exhibition of the Year category at the Museums + Heritage Awards 2024 in London. Additionally, it won the Best Exterior Design award at the Versailles International Architecture and Design Awards. The museum recently unveiled a new visual identity. Harthi described the updated logo as a symbol of the institution's ongoing efforts to preserve Omani heritage while adapting to global trends. 'This logo, approved by His Majesty Sultan Haitham bin Tarik, reflects our goal of presenting Oman's history in a modern style that appeals to new generations and aligns with global transformations,' he said. In a step to expand its international presence, the museum joined the International Council of Museums (ICOM) in 2024. The membership is expected to strengthen its global profile and provide access to international best practices in museum operations.
