“Oman Global Financial Centre is a strategic step to strengthen financial sector,” says finance minister

Establishment of the Oman Global Financial Centre

The establishment of the “Oman Global Financial Centre”, approved by the Council of Ministers at its meeting, marks a calculated strategic step based on comprehensive studies of global and regional experiences. The Centre aims to create an attractive environment for investments, commercial banks and global financial institutions specialising in commercial and Islamic banking, financial and insurance services and other supporting activities. It a…

Oman cabinet gives nod for global financial centre

Oman has approved the setting up of an international financial centre in the Gulf state, as the sultanate prepares to take on its well-established neighbours. The Oman Global Financial Centre will have its own legislative, administrative and regulatory autonomy, the state-run Oman News Agency reported, quoting a decision by the council of ministers. The centre aims to attract global financial institutions specialising in commercial and Islamic b…

“Oman Global Financial Centre is a strategic step to strengthen financial sector,” says finance minister

MUSCAT : “The establishment of the Oman Global Financial Centre represents a strategic and well-studied step based on international and regional experiences,” Oman’s Finance Minister Sultan bin Salim Al Habsi said, outlining the government’s objectives behind the creation of the new financial hub. In a statement following the cabinet’s approval of the centre, Al Habsi said the initiative would play a key role in strengthening the financial secto…