Saleh Thabit Al Awaidy, Chief Operating Officer of Qatar National Bank spoke about his section action and about in 2008. He gave his idea on the wide-ranging recession, and the reasons why Oman was spared most of the fallouts. Awaidy started by shedding some descend on his department working and discharge in the most recent year, saying "We have started our manipulation in 2008, our prime minister office is in Qatar and it is one of the biggest banks in Qatar. We have started to stabilize our operations and strengthen our corporate customers.
We are entering the furnish slowly and carefully, and we are establishing a exacting banking operations and providing funds for rotund multimillion projects. Nevertheless, when we started we had to overlay the cost-effective crisis. In hate of all that, Oman’s conservation is very stable, we choose to go ahead and lead financing projects.
We are only financing jumbo corporate customers. Our bough broke even in the last compassion of 2008, as Oman is a very good and established economy. It is very easy to confirm money in this country. Oman has a very virtue economy with many mega projects underway".
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