Capital Markets
From The Report: Oman 2013
View in Online Reader

While international investor confidence has been affected by the global financial crisis, the sultanate has remained relatively stable, with sustained high oil prices resulting in increasing government spending and higher disposable incomes. Moreover, these are exciting times for Oman’s capital markets, as a number of recent initiatives aimed at broadening activity are coming into play. The introduction of Islamic finance, for example, is set to raise activity in the capital markets, with regulations regarding Islamic bonds and insurance now being considered. Regulators have also moved to install the latest technical and regulatory systems alongside the most up-to-date practices in corporate governance. Going forward, much will depend on the international and regional scenario, of course, but Oman possesses the sound economic fundamentals necessary to withstand any overseas headwinds.

This chapter includes an interview with Sheikh Abdullah bin Al Salmi, Executive President of the Capital Market Authority (CMA).