Oman’s Investment Authority Allocates $260 Mln to Support Muscat Stock Exchange

Muscat Stock Exchange (Omani News Agency)
Muscat Stock Exchange (Omani News Agency)
TT

Oman’s Investment Authority Allocates $260 Mln to Support Muscat Stock Exchange

Muscat Stock Exchange (Omani News Agency)
Muscat Stock Exchange (Omani News Agency)

The Oman Investment Authority (OIA) announced the allocation of 100 million Omani riyals (about $260.8 million) to support the Muscat Stock Exchange through the Liquidity Fund initiative, which is launched by the body in cooperation with the National Program for Financial Sustainability and Financial Sector Development.

Aown bin Abbas al Bahrani, director general of public markets investment at the OIA, said that the Liquidity Fund Initiative is a portfolio worth 100 million Omani riyals to support market-makers and liquidity providers on the Muscat Stock Exchange.

He added that the new initiative reflects the priorities of Oman’s Vision 2040 and falls within the framework of efforts aimed at strengthening the Muscat Stock Exchange, achieving sustainable growth, enhancing investor attractiveness, and increasing their confidence in the market.

The expansion of the Muscat Stock Exchange through the primary or secondary public offerings was among the goals of the OIA’s exit plan that was announced last year. The OIA’s exit from two state-owned firms resulted in the listing of the Pearl Real Estate Investment Fund and Abraaj Energy Services on the MSX.

Meanwhile, the Omani Ministry of Transport, Communications and Information Technology, participated in the third edition of the Oman-Switzerland Business Forum, which aims to strengthen the role of the private sector, achieve economic diversification and financial sustainability and attract foreign investment.

The forum was organized by the Oman-Switzerland Friendship Association and the Advisory Organization for the Swiss Export and Investment Program in Lucerne, under the theme of “Opportunities for Investment and Cooperation in Renewable Energy, Infrastructure and Tourism”.

In a speech on the occasion, Eng. Khamis Mohammed Al Shamakhi, Transport Undersecretary at the Ministry of Transport, Communications and Information Technology, outlined the business advantages offered by the infrastructure sector in Oman, mainly investment opportunities in the field of transport and logistics.

 



Saudi Arabia, Comoros Sign MoU on Economic Cooperation

The MoU underscores the exchange of knowledge to boost economic collaboration. SPA
The MoU underscores the exchange of knowledge to boost economic collaboration. SPA
TT

Saudi Arabia, Comoros Sign MoU on Economic Cooperation

The MoU underscores the exchange of knowledge to boost economic collaboration. SPA
The MoU underscores the exchange of knowledge to boost economic collaboration. SPA

The Saudi Ministry of Economy and Planning and the Ministry of Economy, Industry and Investment of Comoros have signed a memorandum of understanding (MoU) to establish a framework for enhancing and diversifying economic cooperation based on mutual interest.
The MoU, signed by the Saudi Minister of Economy and Planning Faisal Alibrahim and Minister of Economy, Industry, and Investment of the Comoros Moustoifa H. Mohamed, outlines key objectives aimed at strengthening economic ties between the two countries.

It underscores the exchange of knowledge to boost economic collaboration, fostering communication and cooperation between government entities and the private sector.
The MoU also seeks to facilitate visits, communications, and events that promote interaction between individuals, officials, and economic institutions. Furthermore, it highlights the importance of supporting the participation of small and medium-sized enterprises (SMEs) in bilateral economic activities.