Breaking News :

OIA Announces Social Investment Policy, Launches “Qimam” Platform

POPS Supervisory Committee Holds First Meeting in 2024

Bank Muscat’s Sayyarati Auto Finance Option Comes with the Best Financing Facilities for Customers

“Ooredoo Oman Welcomes Khawla Al-Amiri as Chief People Officer, Reinforcing Commitment to Local Leadership Empowerment”

Bank Muscat Launches EAGLEs Programme: A Pioneering Leadership Engagement Across Branch Network

“Forging Tomorrow: A Global Imperative for Advanced AI Infrastructure”

“High-Paying Careers in Artificial Intelligence: Securing Your Future in the Evolving Job Market”

HM The Sultan Issues Two Royal Decrees

Unlocking New Horizons for Entrepreneurs: The Fourth Industrial Revolution

Royal Army of Oman Celebrates Passing Out of Officer Cadets, University Officers

HM The Sultan Offers Condolences on the Death of Kuwaiti Emir

HM The Sultan Gives Audience to Business People in India

HH Sayyid Theyazin Conveys HM The Sultan’s Greetings to Russian President

First Muscat Dialogue Sessions Begin

Oman and Switzerland Strengthen Bilateral Cooperation with Multiple Memoranda of Understanding

Empowering Coastal Women in Oman: “Mina” Project Unveiled

Information Minister Affirms Keenness to Strengthen Communication with International Media Institutions

“Oman’s Education and Innovation Drive: Sultan Haitham’s Vision”

UAE Space Agency launches National Space Academy to develop national cadres

HM The Sultan Presides over 8th Term Convening of Council of Oman

Selecting Topics Phase Launched of “Together we Make Progress” Forum

HM The Sultan Issues 2 Royal Decrees

Interior Minister visits Operations Chamber of Shura Council Elections

Omanis Cast Ballots for Shura Council’s 10th Term Membership

“Navigating Talent Challenges in Oman’s Telecom Sector”

“Bank Merger in Oman: A Human Resources Transformation Story”

Omantel’s 5G Excellence Recognized with “Samena Communications Award”

NHS scientist awarded £58,000 after being named ‘Paininarse’ on spreadsheet

‘Kill list’ | Mystery doc shows list of LinkedIn staff facing redundancy, days before HR announcement

HM The Sultan Receives Ambassadors’ Credentials

“Empowering Omani Women: A Message of Hope and Progress”

Mohammed bin Rashid opens GITEX GLOBAL

HH Sayyid Bilarab Chairs Meeting of Omani Startups’ Supervisory Committee

“Dhi Yazan bin Haitham Al Said Inaugurates Duqm Economic Forum “

Omani Woman: Clear Vision & Remarkable Achievements

“Strategies for Cultivating a Healthy and Productive Work Environment”

“Essential Reading for HR Professionals: 17 HR Books You Can’t Miss in 2023”

“Future-Proofing Your Career: Essential Skills for Tomorrow’s Job Market”

MAWARED annual book

Transformational Leadership: Inspiring Change and Achieving Excellence

“al sulaam Program (Episode four) with Dr. Aamal al bussaidi .”

“al sullam Program (Episode Two) with Dr. Ahmed Al-Ghusani.”

Nama Group and Omani Society for Human Resource Management (OSHRM) announce strategic partnership in Human Resources development

Saudi Oil Giant Aramco Announces $121 Billion Profit in 2023

Tender Board Signs Agreements with Karwa Motors on Government Procurement, School Bus Purchase

Najahi Business Banking from Bank Muscat: Empowering Small Businesses

His Majesty Exchanges Ramadan Greetings With Arab, Islamic Leaders

A’Rustaq Hospital Diagnoses Child with Gastric Wall Vein Bleeding

QCB Launches ‘FAWRAN’ Instant Payment Service

National Development Fund Partners with World Economic Forum

Qatar Chairs 49th Meeting of GCC Standing Committee for Combating Harmful Practices in International Trade

Saudi Arabia’s Air Connectivity Program Signs Deal with Eurowings to Enhance Air Connectivity between Saudi Arabia and the EU

HM King presented unique development model: Omani Ambassador

April 16, 2024

Oman to Host International Forum of Sovereign Wealth Funds

Muscat, 20 Jun (ONA) —- Represented by Oman Investment Authority (OIA), the Sultanate of Oman won the race to host the annual meeting of the International Forum of Sovereign Wealth Funds (IFSWF), scheduled to be held in the last quarter of 2024.

The host of the forum affirms the significance of OIA’s membership at the IFSWF, which is headquartered in London. The event offers an opportunity for attracting investments to Oman, since it brings together heads of the world’s largest sovereign wealth funds having a portfolio exceeding $8 trillion, constituting 80 percent of the assets of sovereign wealth funds in the world.

The forum will generate prospects for building a network of relations with the funds and introduce them to the investment advantages offered by Oman. This enhances Oman’s global stature, brings in foreign capital and opens up vistas for building long-term investment relationships that will contribute positively to economic diversification.

The meeting will include discussions and points of view that benefit national human resources operating in the field of investment. The discussions will outline major investment strategies, risk management and governance techniques and other technical and operational issues.

Nasser bin Suleiman Al Harthy, Vice President of the Oman Investment Authority for Operations, said that the selection of Oman to host the meeting was unanimously approved by the forum members attending the annual meeting in Baku, Azerbaijan. It reflects the success of OIA’s efforts, which asserted its active participation in the meetings, hosting delegations and organizing workshops, said Al Harthy.

He explained that the meeting will be hosted by Oman for the first time, and it will be the first of its kind in the Middle East region after about 10 years since the forum’s last meeting in the region held in Qatar in 2014.

Oman’s membership in the forum enhanced OIA’s position among global sovereign funds and underlined its keenness on applying the norms, principles and rules of such international entities, he added.

OIA’s success stems from the fact that it obtained recognition from the forum due to its commitment to best governance practices, especially the “Santiago Principles”.

In addition, the membership to the forum provided OIA with opportunities to share knowledge and benefit from global experience in the fields of investment and operation, besides benefiting from the forum’s cooperation in conducting periodic evaluation of standards of operation.

It is worth noting that OIA joined IFSWF as an “observer member” upon the foundation of IFSWF in 2009. On 9 March 2015, OIA obtained full membership to the forum.

Read Previous

Bader bin Mohammed Al Nadabi Appointed as Vice Chair of UITP MENA Executive Committee

Read Next

Eid Al Adha 1444 AH Holiday Announced

Most Popular