OABC News

Here you can browse past OABC events and recent news. Members, please contact us to share your own company promotions and news, as we love to highlight what our members are doing.

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OABC’s first in-person, outdoor, networking event of 2021: OABC’s App Launch Party was sponsored by Hormuz Grand Muscat, A Radisson Collection Hotel.
The evening brought together over 100 members of the Oman American Business Center (AmCham Oman), from member executives to Oman’s decision-makers. The evening allowed to connect with members of the OABC, old and new, over canapes, drinks and a stunning venue.

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The new application was sponsored by HSBC, a Premium Member of the OABC.
We also give special thanks to our Safety Partner: The National Detergent Company for sponsoring sanitisation and cleaning products for the evening, and for every member to take home.
As a special treat, every member that downloaded the app also received a dinner for two, sponsored by Bomba Burrito.
This high-level business networking evening presented the OABC mobile application launch, complete with raffle prizes and a showcase of the member benefit program. As always, we also give thanks to our beverage sponsor, OUA, for providing the drinks for the evening.

 

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As all OABC’s events, the night was a huge success for executives and decision-makers from all nationalities to meet, build relationships, learn, and discuss key matters of interest to Oman’s business community.
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On January 20, OABC Members were invited to attend ‘Business Opportunities with the U.S. Navy in Oman’ in partnership with the U.S. Embassy Muscat.

 Ambassador Tsou opened a virtual event with over 60 local companies to discuss business opportunities with the U.S. Navy. The OABC was proud to partner with the U.S. Embassy Muscat and the Oman Chamber of Commerce and Industry for the purpose of this event. 

 We are thankful to both partners, today’s speakers, and those who asked questions and contributed to this informative session.

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On December 14, OABC Members were invited to attend ‘Update on Oman’s foreign investment law’, in partnership with Dentons.

A Premium Member of OABC, Dentons was one of the earliest international firms to open its doors in Oman and has steadily grown to become the largest international law firm operating in the Sultanate. Dentons are truly in and of the community, with long-standing relationships with local business communities, governments and regulatory authorities.

The team offered useful information based on experiences spent advising on the new law, and shared a copy of their presentation with Members. We give special thanks to Jamie Gibson, Riaz Haq and Yaqdhan Al Busaidi, and the Dentons team for their willingness to address the OABC and share valuable time and effort in preparing this session for us.

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On November 17th, OABC partnered with the U.S. Mission to the UAE and other sister Amchams in the region for a live webinar “What Comes Next: A Post Election Review” with Eric Ham.

In case you missed it or would like to review the session, you can access the webinar recording here and download the presentation slides here.
Mr. Eric Ham expressed his willingness to be contacted, you may do so at eric.ham@verizon.net should you wish to send him your questions related to the event.
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As the COVID-19 pandemic continues to impact Oman and the region, The National Detergent Company (NDC), the maker of the best detergent brand Bahar, supported the country and the community by introducing a range of innovative and convenient COVID fighting products.

NDC’s COVID fighting product portfolio includes Farah Hand Sanitizer Pocket Spray, Farah Hand Sanitizer Gel, Bahar Premium Antiseptic Liquid, Bahar Antimicrobial Disinfectant Spray, Bahar Gold Multipurpose Disinfectant and PInex.

Farah Hand Sanitizer Pocket Spray, a next-generation hand sanitizer that provides enhanced germ-killing power while being skin-friendly, can be carried in your pocket and offers protection and safety on the go. Farah Hand Sanitizer Gel range – 20ml, 80ml, 270ml, 500ml, 5Ltr, was approved by Oman’s Ministry of Health in the initial stages of COVID -19.

Today, a much sought-after product among consumers in the Sultanate, Farah hand sanitizer contains 70% ethyl alcohol and can kill 99.99% of harmful germs. The hand sanitizer is ideal for corporates, institutions, hospitals, individuals, families and frontline healthcare workers.

NDC’s Bahar Premium antiseptic disinfectant, which provides all-round family protection against germs, has also received the approval from Oman’s Ministry of Health. The disinfectant liquid which is ideal for personal and household cleaning purposes kills 99.99% of germs.

NDC’s other wellness and hygiene products in the laundry, personal and home care segments include Bahar Powder detergent, Bahar Liquid Detergent, Bahar Premium Dishwashing Liquid, Bahar Clean, D’zire antibacterial soap and Farah anti-bacterial hand wash liquid.

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On October 26th, OABC partnered with Amcham Bahrain to present a live webinar on U.S. Franchise Opportunities in the GCC, and this included an introduction to international franchise experts and information about U.S. brands interested in entering Oman or finding partners within the GCC.

The presenters discussed the impact of covid-19 on franchising and highlighted recent trends to be aware of as you explore opportunities in 2020.

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“Sure, I have a LinkedIn,” is easy to say, and a profile is a cinch to set up.  But how can a professional take an average profile or company page to the next level on Oman’s fastest-growing professional platform?

The Oman American Business Center (OABC) hosted its first-ever LinkedIn training session for executives and business people in Oman on Tuesday, October 20, from 4 pm – 5 pm.
The session, entitled ‘LinkedIn Hacks with Mohammed Al Tamami’ helped equip leaders and businesses as they leverage LinkedIn for their daily work life and business.

The online event was open to both OABC Members and guests from the public, and addressed several topics, including why and how LinkedIn is different from other social media platforms; the basics of LinkedIn, how to create a clear LinkedIn strategy; understanding social media analytics, and troubleshooting challenges.
“Equipping individuals with clarity and getting people more comfortable with themselves as they leverage LinkedIn for their purposes is by far the most important and foundational aspect of this webinar and conversation,” says Mohammed Al Tamami, the main partner and presenter.

Mohammed Al Tamami is a Media Planning & Strategy graduate who spent 10+ years of his career working on global consulting and advisory assignments on innovation, technology and strategy, and is the Co-Founder & Chief Strategy Officer of a young and upcoming financial technology start-up that provides AI-driven capabilities for the financial services industry.

“We are extremely excited to support our members and guests by covering a topic that is especially appropriate for 2020. Like it or not, we’re living in a new digital world of ZOOM and online networking.  As the use of LinkedIn continues to grow in Oman and the region, every one of us has room to improve our strategy and tactics. As always, we are looking to help our members — CEO’s, business owners and other professionals— grow their networks and their business, to enhance their profiles, expand their reach, and make essential connections — in this case, online,” says Rebecca Olson, Executive Director of the OABC.
All members of the OABC received a free one-to-one consultation service with Mohammed Al Tamami after the session.

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On October 10th, OABC partnered with Amcham Bahrain to present a live webinar on Doing Business with the U.S. Navy.

With the presence of the U.S. Navy in Duqm, the event included procedures followed by the U.S. Government to obtain products and services in Bahrain, Oman and throughout the region.

This event is part of AmCham’s mission to inform its members and the local business community about opportunities to do Business with the U.S. Government, and while it is usually two half-day workshops this session was condensed for an online event, as per the following:

 

Opening Remarks:

  •   Qays Zu’bi, President, AmCham Bahrain
  •   CAPT Timothy Griffin, Commanding Officer, Naval Supply Systems Command (NAVASUP), Fleet Logistics Center (FLC) Bahrain
 

Overview: How to Do Business with the U.S. Navy

  •  Rick Bauer, Director of Contracts, NAVSUP FLC Bahrain
 

Topics included:

  •  U.S. government contracting process
  •  How to register as a U.S. government contractor
  •  Vendor payment process
  •  Ship repair and support
  •   Retail concessions on base
  •  Common services & supplies needed: construction, housing, health care, office supplies, food, cars, logistics, and much more.
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Thank you to each of our members and guests who attended OABC’s October Social on Tuesday, October 6th.

The evening was a relaxed chance to network and catch up with members in small groups of 5-6 for a few minutes at a time, with 32 (yes 32!!) raffle prizes drawn in-between break out sessions.

The event celebrated the reopening of several member companies, and we wish each the best in this new normal.
Thank you to all the evening’s sponsors, and also for the feedback, emails or calls we received after the event. We look forward to seeing each of you at the next online or in-person event!

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The US Department of State Investment Climate Report on the sultanate released last week applauds Oman for continuing to improve regulatory frameworks to establish an economic climate conducive to foreign investment.

The report highlights Oman’s smooth transition of power in January, which reassured investors of the country’s political stability, and the country’s focus on ports, free trade zones, and logistic hubs as promising developments.

The US Department of State released the 2020 Investment Climate Statements on 165 foreign markets on September 9.

‘Oman is taking steps towards making the country a more attractive destination for foreign investment. However, to improve the country’s overall investment climate substantially, the government will need to lessen its dependency on oil, and open up key sectors to private sector competition and foreign investment. These measures have a renewed sense of urgency in the wake of the dual crises of the oil price collapse and the COVID-19 pandemic,’ stated the report.

Oman touts its geographic advantages and interest in attracting foreign direct investment (FDI) in key sectors. It is located just outside the Arabian Gulf and Strait of Hormuz, with proximity to shipping lanes carrying a significant share of the world’s maritime commercial traffic and access to larger regional markets. ‘Oman’s most promising development projects and investment opportunities involve its ports and free zones, most notably in Duqm, where the government envisions a 2,000sq km free trade zone and logistics hub at the crossroads of East Africa and South Asia.’

The report added that Oman promulgated five new laws in 2019 to promote investment – the Public-Private Partnership Law; the Foreign Capital Investment Law (FCIL); the Privatisation Law; the Bankruptcy Law; and the Commercial Companies Law.

‘Oman’s long awaited FCIL holds particular promise for removing minimum share capital requirements and limits on the amount of foreign ownership of an Omani company.’

‘His Majesty Sultan Haitham bin Tarik’s smooth accession following the passing of the late H M Sultan Qaboos bin Said in January 2020 showed Oman’s political stability, reassuring many investors,’ the report said.

Retrieved from: https://muscatdaily.com/Oman/388006/US-applauds-investment-climate,-stability-in-Oman-