Saudi Arabia, Oman Sign MoU to Develop Digital Economy

 Saudi Arabia and Oman signed an agreement for cooperation in the digital economy on Wednesday in Riyadh (Asharq Al-Awsat).
Saudi Arabia and Oman signed an agreement for cooperation in the digital economy on Wednesday in Riyadh (Asharq Al-Awsat).
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Saudi Arabia, Oman Sign MoU to Develop Digital Economy

 Saudi Arabia and Oman signed an agreement for cooperation in the digital economy on Wednesday in Riyadh (Asharq Al-Awsat).
Saudi Arabia and Oman signed an agreement for cooperation in the digital economy on Wednesday in Riyadh (Asharq Al-Awsat).

Saudi Arabia and Oman signed on Wednesday an Agreement of Understanding in the field of digital economy and a cooperation agreement to launch a joint initiative for digital skills.

This came during a meeting in Riyadh between the Minister of Communications and Information Technology, Eng. Abdullah bin Amer Alswaha, and an Omani delegation, headed by Minister of Transport, Communications and Information Technology, Eng. Saeed bin Hamoud Al-Maawali, and the Sultanate of Oman’s ambassador to the Kingdom, Faisal bin Turki Al Said.

The meeting discussed enhancing aspects of cooperation between the two sides in the digital economy, e-government, cyber-security, mail and innovation.

The MoU will enhance communication between the two sides on the exchange of information in the field of communications and information technology, as well as strengthening cooperation in a number of areas, including government digital transformation, the development of communications infrastructure, capacity building and training, and joint investment in the postal sector.

On the sidelines of the meeting, the Saudi Minister of Communications and Information Technology and his Omani counterpart launched the Saudi-Omani Digital Skills Initiative, which aims to exchange best practices and experiences, and implement joint programs and initiatives, in addition to developing digital skills to meet the requirements of the labor market in the sector communications and information technology to keep pace with the accelerating digital revolution, and contribute to increasing job opportunities.

The initiative, which aims to qualify 1,000 trainees by 20252, includes several training programs on data and artificial intelligence, software design and development, cyber security, financial technologies, technical project management, digital marketing, and user experience.

The Omani side will cooperate in raising digital awareness through the dissemination of educational digital content and the provision of technical training courses online through the Digital Giving Webinar, targeting by 2025 to reach 25,000 beneficiaries.



Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
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Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, the governor of its central bank, Abdellatif Jouahri, said on Tuesday.

The central bank, known as Bank Al Maghrib, "has prepared a draft law regulating crypto assets, which is currently in the adoption process," Jouahri told an international conference in Rabat.

Bank Al Maghrib was also exploring a central bank digital currency (CBDC), Reuters quoted him as saying.
"Regarding central bank digital currencies, and like many countries around the world, we are exploring to what extent this new form of currency could contribute to achieving certain public policy objectives, particularly in terms of financial inclusion," he said.