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The Ministry of Finance (MOF) is the governmental body in the Sultanate of Oman responsible for all government financial matters. The current Finance Minister is Sultan bin Salem bin Saeed al-Habsi.
Among some of its most noteworthy projects are also the electronic financial management platform GIFMIS for the federal government of Nigeria, e-tax system for Botswana Unified Revenue Service (BURS) and Invest Easy, major government e-services portal for the Sultanate of Oman.
Oman, officially the Sultanate of Oman, is a country in West Asia. It is located on the southeastern coast of the Arabian Peninsula , and overlooks the mouth of the Persian Gulf . It shares land borders with Saudi Arabia , the United Arab Emirates , and Yemen , while sharing maritime borders with Iran and Pakistan .
The economy of Oman is mainly centered around its oil sector, with fishing and trading activities located around its coastal regions. When oil was discovered in 1964, the production and export increased significantly.
Salalah is the third-largest city in the Sultanate of Oman, and the largest city in the Dhofar province. Salalah is the birthplace of the former Omani sultan, Qaboos bin Said. Salalah attracts many tourists from other parts of Oman and from abroad during the monsoon / khareef season, from June to September.
The Politics of Oman take place in a framework of an absolute monarchy, where the Sultan of Oman is both head of state and head of government. The Sultan is hereditary, who appoints a cabinet to assist him. The sultan also serves as the supreme commander of the armed forces and prime minister.
The Ministry of Commerce, Industry & Investment Promotion is the governmental body in the Sultanate of Oman responsible for regulating commerce and industries.
Sultan bin Salim bin Said al-Habsi is the current Minister of Finance of Oman since 18 August 2020. He is also the chairman of Oman Investment Authority. Education. He has an accounting degree from Ain Shams University, Cairo. Career
Formerly a maritime empire, Oman is the oldest continuously independent state in the Arab world. It is a member of the United Nations, the Arab League, the Gulf Cooperation Council, the Non-Aligned Movement and the Organisation of Islamic Cooperation. It has oil reserves ranked 22nd globally.
The Capital Market Authority (Arabic: هيئة السوق المالية) is the Oman governments financial regulatory authority responsible for capital markets in Oman. The CMA is responsible for regulating the financial service industry of Oman .