Latest news with #Lawati
26-05-2025
- Business
RAM, Thinkers50 announce award for future-ready leaders
Muscat – Royal Academy of Management (RAM) has launched the Future Readiness Award to recognise leaders demonstrating excellence in pre-paring for emerging challenges and opportunities, in partnership with global management platform Thinkers50. The award aims to honour those who support national visions and promote innovation and resilience across institutions. It reflects the academy's strategic effort to position Oman as a hub for future-readiness, encouraging individuals and organisations to anticipate shifts and respond effectively to change. Dr Ali bin Qassim al Lawati, President of the academy, said, 'Preparing future leaders is not limited to adapting to change, but extends to the ability to anticipate it, guide its direction and lead effectively through it.' Dr Ali bin Qassim al Lawati, President of Royal Management Academy He said the academy is focused on nurturing this kind of leadership through structured dialogue, analysis of global trends and translating ideas into practical solutions. 'This award reaffirms our shared belief with Thinkers50 that ambitious ideas, when grounded in practical reality, have the power to redefine how institutions prepare and lead the future,' Lawati added. According to Des Dearlove, Co-founder of Thinkers50, the award promotes a strategic approach to leadership. He underlined the need for organisations to build resilience while forecasting and responding to rapid transformation. 'Anticipatory innovation and creative solutions are key to ensuring continuity of growth and institutional success,' he said. Submissions for the award will be assessed based on five criteria: rigour, reach, resonance, responsiveness and relevance. The evaluation will examine credibility of evidence, applicability across sectors and regions, influence on decision-making, innovative responses to change, and relevance of solutions to challenges expected in 2025 and beyond. An expert committee formed jointly by RAM and Thinkers50 will evaluate entries. Committee members have been selected for their global standing, geographic diversity and experience across government, business and academia. Established in 2001, Thinkers50 is one of the world's leading organisations in ranking and sharing management thinking and intellectual contributions.
15-02-2025
- Business
Development Bank signs financing agreements for projects in Musandam
Khasab – The Development Bank has signed two agreements and two memoranda of cooperation (MoCs) to provide development financing for projects in the fisheries and tourism sectors and to launch the Economic Horticulture Initiative. This initiative aims to promote entrepreneurship in various economic activities and support accommodation facilities as part of the bank's efforts to boost economic development in Musandam Governorate and encourage investment in both productive and service sectors. The first MoC, signed between the Development Bank, the Office of the Governor of Musandam, Omran Group, and Oman Tourism College, focuses on financing the establishment of eco-lodges on existing farms in Musandam to enhance the hospitality sector in the governorate. The memorandum was signed by H E Ibrahim bin Said al Busaidi, Governor of Musandam, and Mahmood bin Abdullah al Aweini, Chairman of the Development Bank. The second MoC, signed between the Development Bank, the Oman Chamber of Commerce and Industry's Musandam branch, and a local investment company, aims to implement the Economic Horticulture Initiative. This initiative is designed to stimulate local economic growth by supporting and developing medium-sized enterprises across the tourism, fisheries, agriculture, manufacturing, and logistics sectors. The memorandum was signed by Hussein bin Ali al Lawati, CEO of the Development Bank; Raed bin Mohammed al Shehhi, Chairman of the Oman Chamber of Commerce and Industry in Musandam; and Abdulrazzaq bin Abdulwahid al Balushi, CEO of Musandam Global Investment Company. The first financing agreement, signed between the Development Bank and an aquaculture company, involves financing a RO4mn project to establish a fish farming facility with an annual production capacity of 7,000 metric tonnes at the maritime port of Khasab. The agreement was signed by Lawati, on behalf of the Development Bank, and Balushi on behalf of Musandam Global Investment Company. The second agreement, signed between the Development Bank and Ras Al Amoud Company, involves financing the construction of a luxury tourist resort in Khasab valued at RO5mn. The resort will feature 32 private villas built to seven-star standards, along with a health club, contributing to the growth of Musandam's tourism sector. The agreement was signed by Lawati and Saleh bin Abdullah al Dhahouri, representing Ras Al Amoud Company. H E Ibrahim al Busaidi, Governor of Musandam, commended the Development Bank's efforts in financing development projects across Oman, particularly in Musandam Governorate, to support economic diversification policies in line with Oman Vision 2040. He emphasised the importance of investing in key economic sectors that contribute to local content enrichment, self-sufficiency, and the localisation of national industries.
