Bank Muscat supports forum on GCC economies in post-oil era

MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, in step with its ‘Let’s Do More’ vision and commitment to partnership in sustainable development initiatives, extended support and participated in the forum on ‘GCC Economies in the Post-Oil Era’ organised by the Oman Chamber of Commerce and Industry (OCCI) under the patronage of Sultan Bin Salim al Habsi, Secretary General of the Supreme Council for Planning.
The forum attended by dignitaries from the GCC region, including Abdullatif al Zayani, GCC Secretary General, discussed steps to promote the Gulf private sector to lead the economic development, opportunities for the non-oil sectors, and sources of financial liquidity and future financing in the GCC countries.
Bank Muscat’s association with the event came within the framework of promoting the Sultanate’s development initiatives. Bank Muscat is closely involved in the country’s development projects, complementing the government endeavours to boost the national economy.
In a panel discussion, Sulaiman al Harthy, Deputy Chief Executive Officer — Islamic Banking, highlighted that the banking sector in Oman is witnessing the consolidation of Islamic banking and Meethaq is focused on redefining Islamic banking operations.
Meethaq recognises the development opportunities and potential that Oman offers and is committed to supporting the strategic national initiatives aimed at attracting investments in line with Oman’s Vision 2040 economic blueprint, he added.
In appreciation of the bank’s key role in support of national development initiatives, the forum presented a memento, which was received by Tariq Atiq, DGM — Transaction & Public Sector Banking – Wholesale Banking Group. Tariq Atiq said, “In the prevailing situation, we need to understand the big picture for the government and the private sector to forge closer partnerships and move forward.