Saturday 20 / April / 2024
Muscat: Two studies on developing the capital market, the banking sector and challenges inhibiting private firms were on the agenda of the Economic Committee at the State Council, which held its 8th meeting of the 1st annual sitting of the 6th term under the chair of Mohammed Abdullah Al Harthy, Head of the Committee, on Tuesday.
The Committee discussed its two studies on developing the capital market, the banking sector and the challenges facing growth of the private sector and work policies.
The Committee hosted Abdullah bin Salim Al Salmi, CEO of the Capital Market Authority (CMA) and Eng Ahmed bin Hassan Al Dheeb, Undersecretary of the Ministry of Commerce and Industry to discuss several themes related to the two studies.
The CMA CEO made a presentation on application of corporate governance. Eng. Al Dheeb also made a presentation on improving the quality of public services and One Stop Station.
Banking sector
The study on developing the capital market and the banking sector aimed at highlighting the status of the Omani capital market and how far the private and public investments can contribute to the GDP.
The study called for revising the monetary policies and the performance of both capital market and banking sector to enable them to achieve the aims of the 9th five-year development plan.
The study on the challenges facing the growth of the private sector and labour policies stressed the need to revise the systems and regulations that hamper the growth of the private sector. It also called for introducing an integrated system that enhances the growth of the sector and creates job opportunities for Omanis.
