The Sultanate of Oman participated in the seventeenth annual meeting of the Arab Financial Ministers Council held today in Abu Dhabi. This meeting, attended by His Excellency Sultan bin Salim Al Habsi, Minister of Finance of Oman, focused on the financial and economic issues of Arab countries.
Review of Challenges and Opportunities
During this meeting, the finance ministers of Arab countries exchanged views on the existing economic and financial challenges and emphasized the importance of strengthening cooperation and sharing experiences to improve the financial and economic situation in the region. Topics such as identifying financial policies in Arab countries and the importance of utilizing modern technologies, including artificial intelligence in financial and tax management, were on the agenda.
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Strengthening Financial and Economic Cooperation
The Minister of Finance of Oman emphasized the necessity of using sustainable methods in financing and building sustainable infrastructure. Additionally, the latest developments in the implementation of tax policies and the examination of economic cooperation among Arab countries were discussed. This meeting is considered an opportunity to strengthen cooperation and exchange best practices among the member countries of the Arab Financial Ministers Council.
In this meeting, His Excellency Sultan bin Salim Al Habsi and His Excellency Ahmed bin Jaafar Al Musalmi, President of the Central Bank of Oman, along with several officials from the Ministry of Finance and the Central Bank of Oman, were present. Additionally, on the sidelines of this meeting, a ceremony commemorating the fiftieth anniversary of the establishment of the Arab Monetary Fund was also held.
Following this program, the attendees will participate in a practical workshop titled "Strengthening Macroeconomics in Conditions of Geographical Instabilities." This workshop aims to examine the consequences of geographical changes and their impacts on financial and economic stability in Arab countries. The workshop will discuss policies and support measures to enhance the economic resilience of the region.
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