Bank Muscat hosts seminar on Global Economic Prospects

Muscat: In line with its commitment to strengthening its partnerships, Bank Muscat, the leading financial services provider in the Sultanate of Oman, hosted a special seminar about Global Economics Prospects presented by Dr Gaurav Ganguly, the Chief Economist for Europe and the Middle East, and the Head of the Climate Scenario Group at Moody’s Analytics.

The event was attended by a number of officials representing different institutions and corporates and senior officials from Bank Muscat.
Addressing the gathering, Ilham Murtadha Al Hamaid, General Manager - Corporate Banking, Bank Muscat, said, “It is one of Bank Muscat’s priorities to organise events like this and connect with our corporate partners with the aim of keeping them informed about the latest developments in the banking and economic sectors. The bank is also keen to attract expertise and exchange knowledge in the related fields. Our aim is to ensure that our partners are well-aware about all the latest trends on the local, regional and international arena. We will continue to go above and beyond to serve our customers and contribute to the prosperity of Oman.”

During the seminar, Dr. Gaurav Ganguly focused on a number of points around global prospects including non-oil economy in the GCC, inflation and risks, long term growth prospects, shifting Fiscal Breakevens, improvement of government balances, top CO2 emitters, global greenhouse gas emissions, and energy consumption and supply amongst other related points.

Through continuously upgrading the services and products, Bank Muscat seeks to meet the aspirations of its customers by keeping pace with the latest trends in banking sector and it exerts efforts to provide only the best to them. The bank has succeeded over 40 years to gain people’s trust which can be seen in the ever-growing bank’s family.

As part of its efforts to enhance convenience and add value to services offered to the governmental institutions, corporates and SMEs, the bank’s five exclusive corporate branches are located at major business hubs in the Sultanate, Al Nahdha Towers branch, CBD corporate branch, Sohar corporate branch, Salalah corporate branch and the newly-opened branch in Duqm. The corporate banking branches represent a one-stop shop for all business banking requirements ranging from a simple account opening to availing of credit facilities and more complex transactions such as global trade services. They maintain and build relationships with government bodies, large corporates and SMEs and provide products and services that meet their various business requirements.

Bank Muscat is proud to partner with the different government entities and corporates and be part of the renaissance of modern Oman as it invests in vital sectors including roads, health, education, communications, housing, municipal, agricultural, fisheries and other development projects.

The bank has been supporting the Omani economy throughout its history by financing development projects and providing support to companies and institutions through various financing options. It has also invested in the banking sector by the use of modern technologies to keep pace with current and future developments.