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Sultan of Oman was nominally the Minister of Finance from January 1972 [9] until August 2020. There was a minister responsible for financial affairs. Abd al Hafiz Salem Rajab, January 1972 - 1973 (minister of economy) Qais Al-Zawawi, 1982 [9] - September 1995 [10] [11] Ahmed bin Abdul Nabi al Makki, 1995 - March 2011 [12]
Oman Investment Authority (OIA) is the investment arm of the Sultanate of Oman, established by Royal Decree No. 61/2020. It is a sovereign wealth fund operating as an autonomous legal entity with complete financial and administrative independence, reporting directly to the Council of Ministers.
Muscat Securities Market. The Muscat Securities Market (MSM, Arabic: سوق مسقط للأوراق المالية) is the only stock exchange in Oman. [2] It was established by the Royal Decree (53/88) issued on 21 June 1988, to regulate and control the Omani securities market and to participate, effectively, with other organisations for setting up the infrastructure of the Sultanate's ...
The CMA is responsible for regulating the financial service industry of Oman. The CMA was established on January 9, 1999. [1] [2] Its responsibilities include setting and policing financial rules and regulations and developing the capital markets, this includes regulating the Muscat Securities Market.
The Central Bank of Oman is responsible for maintaining the stability of the national currency the Omani Rial and ensuring monetary and financial stability in a deregulated and open financial system. The capital base of the CBO which was one million Omani Rials at the commencement of operations in 1975, was strengthened over time and since ...
Oman and the UAE later announced their withdrawal from the proposed currency. [52] In 2014, major moves were taken to ensure the launch of a single currency. Kuwait's finance minister stated that a currency should be implemented without delay. Negotiations with the UAE and Oman to expand the monetary union were renewed. [29]
DUBAI (Reuters) -Yemen's Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized the Bahamas-flagged vessel off the Yemeni Red Sea coast, Houthi-owned ...
The Oman Investment Fund is a sovereign wealth fund, established in 2006 in accordance with a royal decree of His Majesty the Sultan of Oman. The fund makes medium to long-term investments , globally and domestically, to diversify the government of Oman's asset base and create a pool of sustainable cash flow. [ 1 ]