OMAN — broadcast
20260806 130000 UTC
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[00:00:18] markets, thank God. This
[00:00:23] constitute 4 or 5% of
[00:00:23] in the insurance sector
[00:00:27] that previously,
[00:00:35] Peace, mercy, and blessings of God be upon you. hand, their investments The fifth evening news from
[00:00:39] Oman TV. Welcome, and we start the bulletin with the most prominent
[00:00:43] headlines.
[00:00:45] driving the improvement of this sector, The Ministry of Labor launches the institutional work platform
[00:00:48] to organize seasonal
[00:00:50] is not just for and event-related job opportunities and connect job seekers
[00:00:53] with available opportunities.
[00:00:55] Signing an agreement to provide consulting services
[00:01:00] توقيع اتفاقيه تقديم الخدمات
[00:01:02] where exactly is for the Fish Industries City project in the South Al Sharqiyah Governorate.
[00:01:08] a customer, meaning the resident Listed insurance companies
[00:01:10] on the Muscat Stock Exchange achieve
[00:01:14] the Sultanate of Oman confirm profits of more than 11 million Omani riyals during the first
[00:01:18] half of the current
[00:01:19] companies and their investment year.
[00:01:28] May God grant you all well-being. His Majesty Sultan
[00:01:31] Haitham bin Tarik Al Said, may God protect him, sent a congratulatory
[00:01:35] telegram to His Excellency President
[00:01:40] the supervisory body for this projects on Dr. Alassane Abdoulaye Ouattara, President of the Republic of Côte d'Ivoire, on the occasion of
[00:01:42] his country's National Day. The telegram included the good
[00:01:46] wishes of His Majesty the Sultan and his sincere wishes
[00:01:49] to His Excellency the President and the people of his friendly
[00:01:52] country.
[00:01:55] The Ministry of Labor launched
[00:01:58] noting that this the Seasonal Work Platform as a step to organize and provide job opportunities during
[00:02:02] seasons and festivals
[00:02:04] of this in the Sultanate of Oman. This came as part of
[00:02:07] the Labor Forum held in Dhofar Governorate,
[00:02:10] which witnessed the honoring of leading figures in
[00:02:13] the fields of labor and human resource development
[00:02:17] under the patronage of His Excellency
[00:02:19] this into consideration,
[00:02:21] leads to opening many companies, benefiting from Dr. Mahad bin Said Ba'awain, Minister of
[00:02:21] Labor.
[00:02:26] is stipulated in the
[00:02:27] of a number of platforms. This Opportunities appear every The governorate clarified that this season, but today
[00:02:29] they have become more organized with the seasonal work platform
[00:02:33] launched by the Ministry of
[00:02:36] This Labor to connect job seekers with employers, as part
[00:02:40] minimize risks for of the activities of
[00:02:41] underwriting strategies, the Labor Forum in Salalah. Quite simply, a job seeker
[00:02:44] who wishes to apply for a seasonal or
[00:02:48] part-time job can enter this platform. Also today,
[00:02:52] government agencies and institutions or companies contracting with government agencies
[00:02:56] during these seasons can post these
[00:02:59] seasonal opportunities through the seasonal work platform,
[00:03:02] and with ease and convenience, there will be a connection between
[00:03:06] constitute a good percentage of opportunities and job seekers or even students who wish
[00:03:09] to benefit from these opportunities to make use
[00:03:14] the many of their time and gain practical experience from the real world
[00:03:17] and the field. The seasonal work platform
[00:03:21] provides a regulated environment that facilitates
[00:03:23] access to seasonal opportunities
[00:03:26] to the increase that was in and supports the needs of sectors related to seasons,
[00:03:30] which enhances the flexibility of the labor market.
[00:03:33] The union usually acts as an intermediary between the rights of several
[00:03:37] parties, so we always look for a solution that satisfies all parties.
[00:03:40] the risks that fall on The solution should be legal under the authority of the Ministry of Labor
[00:03:44] and us, the employers and employees. So, our
[00:03:47] orientations or policy always seek
[00:03:54] prepared fishermen, a middle ground that satisfies all parties. This is the most important point. If
[00:03:56] can we say in this this union system works efficiently, union work will be
[00:04:00] very effective. And surely the Ministry of Labor has noticed the active
[00:04:03] changes have emerged, whether at
[00:04:04] in electronic unions and the sustainable
[00:04:05] the local level, or at
[00:04:06] will be
[00:04:07] the regional level, or at solutions offered by some unions and honored them today. The platform was launched on the sidelines of the ceremony honoring
[00:04:10] success partners, distinguished establishments, and a number of
[00:04:14] leading figures in appreciation
[00:04:17] of their contributions
[00:04:19] of the targeted projects to supporting the work environment.
[00:04:21] in the city. Yes, in This honoring, in fact, translates
[00:04:24] what
[00:04:26] that this project we see today in terms of directives for national competencies and Oman
[00:04:30] Vision 2040 regarding empowering national
[00:04:34] competencies at different levels.
[00:04:37] A platform that organizes opportunities and a step
[00:04:40] that enhances the efficiency of the labor market
[00:04:43] is changing and accelerating in the pace of this and opens broader horizons for job seekers
[00:04:48] the Sultanate, that depend on and employers from
[00:04:50] Salalah. Khalid bin Mohammed
[00:04:54] Al-Maashani,
[00:04:56] challenges that did not exist in Dhofar Governorate. With more than 600
[00:05:02] financial services. Many thousand Omani Riyals, an agreement for providing consulting services for design and supervision of
[00:05:06] the Fish Industries City project was signed in the South
[00:05:09] Al Sharqiyah Governorate.
[00:05:11] are available, of course. If we talk about The agreement includes the consulting company
[00:05:15] providing all specialized technical studies
[00:05:18] and preparing the necessary engineering designs and studies
[00:05:21] to ensure the project is implemented according to the highest standards
[00:05:25] of quality and operational efficiency.
[00:05:27] The Fish Industries City project is one of the strategic
[00:05:31] and vital projects in the Sultanate of Oman, aiming
[00:05:35] to develop the infrastructure to support the growth of the fish industries
[00:05:39] and enhance the added value of the sector.
[00:05:43] The agreement was signed by His Excellency Engineer Yaqoub bin Khalfan
[00:05:47] Al-Busaidi, Undersecretary of the Ministry of Agricultural and Fisheries
[00:05:50] Wealth and Water Resources for Fisheries.
[00:05:54] And to learn more
[00:05:58] about the Fish Industries City project, we are joined by phone
[00:06:01] by Engineer Abdulhadi bin Khasib Al-Maqbali,
[00:06:05] Project Manager from South
[00:06:08] Al Sharqiyah Governorate. Welcome.
[00:06:12] To begin,
[00:06:15] this project located, in which state?
[00:06:19] Peace, mercy, and blessings of God be upon you. We welcome you and the esteemed
[00:06:22] listeners. Of course, in an important development step that reflects
[00:06:25] the Sultanate of Oman's commitment to implementing the fisheries sector as a primary
[00:06:29] driver, today an agreement was signed for consulting services for detailed
[00:06:32] design
[00:06:34] and supervision of the implementation of the Fish Industries City project in the South
[00:06:38] Al Sharqiyah Governorate, with a total area estimated at 6 million square
[00:06:41] meters. Of course, the site is characterized by its strategic
[00:06:45] proximity to existing fishing ports
[00:06:48] and aquaculture
[00:06:51] the eastern coast of the governorate.
[00:06:53] Yes.
[00:06:55] Where exactly is this project
[00:06:57] located?
[00:07:00] It is located, it is located, it is located in Jaalan Bani
[00:07:03] Bu Ali in South Al Sharqiyah. Yes.
[00:07:06] So what is the importance of signing this agreement in the course
[00:07:10] of implementing the Fish Industries City project? Also, what is the expected
[00:07:14] economic value
[00:07:17] project?
[00:07:20] The conscious city aims to accommodate approximately 40 diverse
[00:07:23] investment projects related to the fish industry and marine
[00:07:27] industries. As a value
[00:07:30] of projects
[00:07:33] estimated at more than 100 million Omani
[00:07:36] Riyals. Yes.
[00:07:40] The city aims to provide an attractive
[00:07:43] business environment. The city includes
[00:07:46] a multi-use port. port
[00:07:49] is designed to serve
[00:07:53] both commercial and traditional fishing sectors
[00:07:56] alike. Yes. The master plan for
[00:08:00] the project also includes developing the advanced logistics system,
[00:08:03] such as storage and refrigeration facilities, according to the highest
[00:08:06] quality standards in the
[00:08:09] fisheries sector. So, how will the project
[00:08:12] contribute to increasing the added value of the fish
[00:08:16] wealth?
[00:08:18] In
[00:08:20] itself, this project is considered
[00:08:24] the second of its kind in the Sultanate after
[00:08:28] the Fish Industries City in Duqm,
[00:08:30] and
[00:08:34] a reflection of the successes that
[00:08:37] this city has achieved in terms of momentum
[00:08:40] in landing operations, development, and
[00:08:44] development of fish industries,
[00:08:47] and the establishment of several
[00:08:50] value-added
[00:08:52] projects.
[00:08:56] The project is expected to target
[00:08:59] a large segment of
[00:09:03] a large segment of vessel
[00:09:07] owners,
[00:09:08] to facilitate
[00:09:11] the landing process and facilitate sales processes
[00:09:16] auctions that in the city,
[00:09:20] as well as to facilitate
[00:09:22] the supply of raw
[00:09:25] materials
[00:09:29] to the owners
[00:09:34] the private sector, what is the size of the investment opportunities
[00:09:38] will provide? My dear sister, the project
[00:09:42] is currently in the process of preparing
[00:09:45] the consulting study. The consulting study
[00:09:48] includes market, technical, economic, and financial studies,
[00:09:51] and feasibility studies. It also includes
[00:09:54] all the data from environmental
[00:09:57] and marine surveys, and
[00:10:00] through it, we will determine the size
[00:10:04] of the projects, what is the value of the projects that will be
[00:10:07] in the city, in particular.
[00:10:10] Yes. So, how will the project ensure
[00:10:13] the application of the highest quality standards
[00:10:16] and environmental sustainability?
[00:10:19] My
[00:10:23] sister, the project
[00:10:26] so far
[00:10:30] is a consulting study
[00:10:32] for the project, and it
[00:10:36] is not in reality
[00:10:39] yet, but it is hoped
[00:10:42] that it
[00:10:45] will be implemented according to quality
[00:10:48] and environmental
[00:10:53] standards.
[00:10:55] So, Engineer Abdulhadi bin Khasib
[00:10:59] Al-Maqbali, Project Manager of the Fish Industries City
[00:11:02] in South Al Sharqiyah, thank you very much.
[00:11:05] Thank you.
[00:11:08] The unaudited financial results of
[00:11:11] insurance companies listed on the Muscat
[00:11:14] Stock Exchange showed profits exceeding 11
[00:11:17] million Omani Riyals during the first half of
[00:11:21] the current year. These
[00:11:23] indicators confirm the economic role played by this sector
[00:11:27] as an active institutional investor for the stability of the financial
[00:11:30] market.
[00:11:34] Growing performance indicators achieved by the insurance sector in
[00:11:39] the economic role played by this sector, not
[00:11:43] only as a provider of insurance protection, but also
[00:11:46] as an active institutional investor for the stability
[00:11:49] of the financial market and achieving sustainable development.
[00:11:53] Achieving profits
[00:11:55] exceeding 11 million Omani Riyals during the first
[00:11:59] half of the current year. The profits of some
[00:12:02] companies were supported by an increase in investment returns
[00:12:05] and improved performance of investment portfolios, while
[00:12:09] other companies faced pressures on their operating
[00:12:12] results due to an increase in insurance claims
[00:12:15] and continued competition and higher
[00:12:19] reinsurance costs. In
[00:12:22] contrast, insurance companies continued to implement measures
[00:12:25] aimed at enhancing the profitability of their portfolios, renewing
[00:12:29] underwriting controls, and improving claims
[00:12:31] management, which supports the sector's resilience
[00:12:35] and enhances the sustainability of its growth, with the continued
[00:12:38] increasing role of investment returns in supporting the profits of some
[00:12:43] the positive performance of the Muscat Stock Exchange.
[00:12:47] Insurance claims imposed pressures on the underwriting results
[00:12:52] companies, which in turn reflected on the insurance
[00:12:55] activity, despite the continued growth of business in some
[00:12:59] portfolios. Financial disclosures also revealed
[00:13:02] that companies continue to adopt conservative
[00:13:06] focusing on improving the quality
[00:13:09] of insurance portfolios and enhancing operational
[00:13:12] efficiencies, in addition to investing in digital
[00:13:15] transformation and improving the efficiency of services provided
[00:13:19] to beneficiaries.
[00:13:20] On the other hand,
[00:13:23] data from the Capital Market Authority showed
[00:13:27] that the total investments of insurance companies operating in the Sultanate
[00:13:30] of Oman exceeded 86
[00:13:33] million Omani Riyals at the end of the first
[00:13:37] quarter of this year, recording a growth of more than
[00:13:40] 10% on an annual basis, which
[00:13:44] reflects the deployment of the sector's assets
[00:13:46] and savings in various investment
[00:13:49] vehicles. Insurance companies rely
[00:13:53] on the investment regulation of insurance
[00:13:57] and Takaful companies' assets, which represents the regulatory
[00:14:00] framework approved by the Authority to regulate the investment of
[00:14:03] insurance policy funds and shareholders' rights,
[00:14:07] thereby enhancing financial sustainability and limiting
[00:14:10] investment risks. The regulation also obliges
[00:14:14] companies to direct
[00:14:16] no less than 70% of
[00:14:20] their total investments within the Sultanate
[00:14:23] of Oman.
[00:14:26] Dear viewers, to talk more about the profits of insurance
[00:14:29] companies listed on the Muscat Stock Exchange, we are joined
[00:14:33] here in the studio by Omar bin Ahmed Al Sheikh, Deputy
[00:14:36] CEO of Dhofar Insurance Company,
[00:14:40] and also a member of the Omani Insurance
[00:14:43] Association. Mr. Omar, welcome to this meeting. May God bless
[00:14:47] you. First, I ask you about your reading
[00:14:50] of the financial results
[00:14:54] of the companies that achieved
[00:14:58] profits during the first half of the current
[00:15:01] year, and also whether they reflect sustainable
[00:15:04] growth in the performance of the insurance
[00:15:08] sector. First, peace, mercy, and blessings of God be upon you, and thank you for
[00:15:11] inviting me to this meeting.
[00:15:14] Yes, regarding the growth of insurance
[00:15:18] companies in the first half of this year
[00:15:21] 2026, there was a growth of about eight
[00:15:26] percent, meaning that the underwriting volume, which we refer to as underwriting,
[00:15:29] meaning insurance, the value of insurance.
[00:15:33] The returns that came to the companies in the first six months were around
[00:15:37] 341 million Omani Riyals compared to last
[00:15:40] year, which was around 316. So there
[00:15:43] is an 8% growth
[00:15:45] in underwriting, and this
[00:15:49] reflects an 8%
[00:15:51] annual growth, which is good for the
[00:15:56] is a very good growth for the sector
[00:16:01] in the Sultanate, and this naturally reflects on the size
[00:16:04] of companies and their employment
[00:16:07] of Omani cadres, and on the other
[00:16:11] in domestic and foreign markets. Yes, this is, of course,
[00:16:14] regarding underwriting. Also,
[00:16:18] if we look at the figures, and you mentioned them,
[00:16:22] investments in insurance
[00:16:24] companies, and this is in various sectors,
[00:16:28] recorded a growth of over 10%,
[00:16:31] as indicated by the figures, reaching more than
[00:16:34] 876 million Omani Riyals. Yes.
[00:16:37] So, what are the implications of this growth
[00:16:40] for the role of the insurance sector in supporting
[00:16:44] the national economy? Yes.
[00:16:47] Regarding the volume of investments, this figure is indeed real,
[00:16:51] and this figure is for the first six months, and this is the result
[00:16:53] of the sum of insurance
[00:16:57] portfolios. The insurance sector is a permanent
[00:17:01] sector, and it is a sector that
[00:17:04] has daily income from underwriting. It allows insurance companies
[00:17:07] to invest in several channels and several
[00:17:11] sectors. The Capital Market Authority, thankfully,
[00:17:14] which is
[00:17:17] sector, has approved some laws that
[00:17:20] give
[00:17:22] companies 70% of their total investments to be within
[00:17:25] the Sultanate. And for this
[00:17:28] reason, insurance companies have diversity in their investments within
[00:17:31] the Sultanate, from financial instruments to real estate
[00:17:35] investments to to. So, if we talk about this size
[00:17:38] of 800, it is divided among all insurance companies in the Sultanate.
[00:17:41] And there are returns
[00:17:44] here, of course, that amount to 8 to 7% of
[00:17:48] these investments, which will generate an annual return
[00:17:51] for the company. So, the company here has returns from underwriting and returns
[00:17:55] from these investments, and this
[00:17:58] investment channels, whether in real estate or otherwise. Yes. So
[00:18:02] you mentioned that the regulatory frameworks oblige insurance
[00:18:06] companies to allocate 70% of their investments domestically.
[00:18:12] The Capital Market Authority tries to
[00:18:17] insurance companies, so there are no risks regarding
[00:18:21] these investments, because these investments are the funds
[00:18:24] of policyholders as a guarantee
[00:18:26] and for shareholders. Yes.
[00:18:30] So these percentages are set by the system to
[00:18:33] protect even companies and help the domestic sector in the Sultanate
[00:18:37] grow. Excellent. Yes. So if we talk about
[00:18:40] investment returns and also the improved
[00:18:43] performance of investment portfolios, to what
[00:18:46] extent do these contribute to supporting the profits of insurance companies, despite
[00:18:51] challenges, perhaps including those related to the increase
[00:18:55] in insurance claims and also other challenges
[00:18:59] related to reinsurance costs? Yes.
[00:19:03] Of course, the insurance sector is a sector
[00:19:06] linked to reinsurance companies. This is if
[00:19:09] we talk about abroad, and if we talk about domestically,
[00:19:13] it is linked to guaranteeing
[00:19:18] the customer. Here, when there is
[00:19:21] an investment portfolio, and from that, it helps
[00:19:25] mitigate these risks and losses. So, insurance companies are always
[00:19:29] financially
[00:19:31] to compensate
[00:19:34] those affected in case
[00:19:38] of any damage, whether
[00:19:41] climate risks or otherwise. In the last
[00:19:44] few years, the Sultanate has been exposed to some climate conditions, and this
[00:19:48] caused an increase in reinsurance
[00:19:52] coverage for insurance companies.
[00:19:55] So today, insurance company coverage has become
[00:19:58] expensive, it's true, from the reinsurers, because the reinsurers say that there are losses
[00:20:01] happening, and this causes an increase, which puts pressure
[00:20:05] on insurance companies from one
[00:20:08] aspect. But thank God, because insurance companies have a certain financial
[00:20:11] capability from the investment aspect, it balances
[00:20:14] it. So here, it is always said that there should be a profit from
[00:20:18] the insurance sector, but I am talking about a large percentage of insurance
[00:20:22] companies, not in the Sultanate, outside
[00:20:25] investment for profitability and returns.
[00:20:29] Insurance is a large part that contributes to paying
[00:20:32] compensation to the injured, whether
[00:20:35] due to climate conditions or otherwise. Okay. Let's, Mr. Omar,
[00:20:38] move to another important topic,
[00:20:42] no doubt, the topic of digital
[00:20:45] transformation. Today, the issue of digital transformation
[00:20:49] is the backbone of
[00:20:52] part of this system. To what
[00:20:55] extent can digital transformation
[00:20:59] modern technologies contribute
[00:21:02] to improving the efficiency of insurance companies
[00:21:05] and also improving the quality of insurance
[00:21:08] services? Just to give a simple example,
[00:21:12] it might simplify it by saying
[00:21:17] a customer would leave their workplace or
[00:21:20] home and go to a branch
[00:21:23] to insure a car, for example. Today,
[00:21:27] the insurance sector provides an electronic
[00:21:29] service
[00:21:32] where they can insure through their phone or through
[00:21:35] the website or here the saving
[00:21:40] the citizen in their time, but also for
[00:21:43] the state when the citizen uses the car.
[00:21:46] Yes, on several levels. Yes, on all levels,
[00:21:50] saving, and there is comfort that today the citizen
[00:21:54] is in their office, and they are a citizen or
[00:21:58] in the Sultanate, will save their time
[00:22:02] because they can insure from their location. So it has become
[00:22:05] a necessity. It is today facing challenges,
[00:22:08] of course. There is a certain cost
[00:22:12] that insurance companies might incur, but the results
[00:22:15] might be greater, greater, and it saves
[00:22:18] the customer. The idea of this
[00:22:22] is that as a customer today, when I am on a website,
[00:22:25] I see the products. Today, we
[00:22:28] might talk about car products, life products,
[00:22:32] but there are many products in the insurance sector that when
[00:22:35] they are available electronically,
[00:22:38] and the citizen or resident uses this technology today,
[00:22:42] they see these data available to them. So it is
[00:22:45] a necessity. It saves a lot of time,
[00:22:48] it saves, as I mentioned
[00:22:51] earlier, it saves costs for the citizen
[00:22:54] themselves from using their car, petrol expenses,
[00:22:58] or otherwise. So, on the contrary, it is a necessity,
[00:23:02] and the insurance sector has made good progress, and the Capital Market Authority,
[00:23:05] in the insurance law, has taken
[00:23:09] that all products must be available
[00:23:12] on the company's electronic
[00:23:16] law. Yes. So, based on your observation and also
[00:23:21] your reading, how do you see the impact of the positive performance of the Muscat Stock Exchange regarding
[00:23:25] the improvement of the investment results
[00:23:27] for insurance companies in the Sultanate of Oman?
[00:23:31] Thank God, we have noticed in the last six months
[00:23:34] that the stock exchange had
[00:23:37] increases that we had not seen before,
[00:23:41] and with good figures, thank God.
[00:23:45] And this reflects investors' confidence
[00:23:49] in the market. And we, as an insurance sector, are linked to this
[00:23:52] market, meaning we
[00:23:56] trading in the Muscat Securities Market or the Stock Exchange,
[00:24:00] and our portfolios are strongly linked
[00:24:03] to the Stock Exchange. And thank God, if you observe,
[00:24:07] the viewer, and you all, the profits
[00:24:11] that were generated in the last six months are due
[00:24:16] the market. So it had a very positive
[00:24:20] impact on the results of insurance companies in the last six
[00:24:23] months. Improved market performance. Yes. So
[00:24:27] as you mentioned, the financial indicators and also, let's not forget,
[00:24:30] the regulatory measures all contributed to
[00:24:34] the improvement and progress in the performance
[00:24:38] of the insurance sector. How about the topic
[00:24:41] of opportunities and risks? What
[00:24:46] regard? Opportunities, on the contrary.
[00:24:50] We, the sector, if it continues its growth,
[00:24:54] it will provide many opportunities for the citizen. I mean, we
[00:24:57] are talking about that we, as an insurance sector in general,
[00:25:00] the insurance rate in it exceeds
[00:25:04] 80%. Yes. And we aspire to reach 90
[00:25:07] and 100%.
[00:25:09] However, there is another aspect, which is
[00:25:12] training and the resources required,
[00:25:15] but the opportunities in the insurance sector
[00:25:18] are good. Available. I mean, I am
[00:25:21] not only talking about employment, I mean that the citizen
[00:25:25] can market insurance products themselves through
[00:25:29] approvals from the Authority, who is an agent.
[00:25:32] This is something a young person who is free today
[00:25:36] can do and market if they have the experience or
[00:25:39] knowledge of marketing insurance products. And we,
[00:25:42] thank God, in the training sector,
[00:25:45] we have trained many graduates, whether from the sector
[00:25:48] or through the association or through
[00:25:52] courses are offered throughout the year
[00:25:56] to citizens, and they benefit from them. So opportunities
[00:26:01] the positives in any business
[00:26:04] are positives and negatives. The negatives
[00:26:06] are that the Sultanate
[00:26:09] is still, when we talk about the national
[00:26:13] income of the Sultanate today, the insurance sector constitutes
[00:26:17] less than 2% of this.
[00:26:20] And I am not saying that we aspire to
[00:26:25] the national income, but this may
[00:26:28] come with time, but yes. Especially with the existence of factors and
[00:26:33] a stimulating environment. There are
[00:26:38] several aspects, including those related to the side
[00:26:41] and the strategic location of the Sultanate of Oman. All of these
[00:26:44] are certainly factors
[00:26:47] like other sectors, no doubt. So
[00:26:50] Mr. Omar bin Ahmed Al Sheikh, Deputy CEO
[00:26:54] of Dhofar Insurance Company and member of the Omani
[00:26:57] Insurance Association, thank you very much.
[00:26:59] Thank you.
[00:27:02] His Highness Sayyid Dhi Yazan bin Haitham
[00:27:05] bin Tariq Al Said, Minister of State
[00:27:08] and Governor of Muscat, honored the ceremony
[00:27:11] honoring outstanding students in the General Education Diploma
[00:27:14] in Muscat Governorate for the academic year
[00:27:17] 2025-2026.
[00:27:18] The ceremony,
[00:27:23] organized by Muscat Governorate, comes in appreciation of the efforts of
[00:27:26] outstanding students during their academic journey
[00:27:29] and acknowledging their achievements
[00:27:32] and success, which embodies their
[00:27:35] capabilities and high ambitions,
[00:27:38] considering youth as the fundamental pillar in
[00:27:42] the journey of sustainable development, with their
[00:27:45] knowledge, and promising national
[00:27:48] energy. Muscat Governorate emphasized in its speech during
[00:27:52] the ceremony the importance of the role of outstanding students
[00:27:56] in shaping the future of the promising Sultanate of Oman,
[00:28:01] excellence is an extension of national
[00:28:04] efforts aimed at building people
[00:28:06] and in line with the objectives of Oman
[00:28:10] Vision 2040. It also praised the role of parents
[00:28:13] in supporting their children
[00:28:16] and caring for them, appreciating
[00:28:19] the efforts of the educational family in the governorate, including teachers
[00:28:23] and administrators, in instilling the values of knowledge
[00:28:26] and perseverance.
[00:28:29] honoring represents an incentive for students
[00:28:32] to continue their academic journey and embark on a new
[00:28:36] stage of giving within higher education
[00:28:39] institutions, calling on them to continue diligence
[00:28:43] and hard work and to be familiar with various
[00:28:47] modern sciences, skills, and knowledge, and to adopt the values
[00:28:49] of innovation and creativity
[00:28:52] to effectively contribute to the comprehensive building
[00:28:55] and development process witnessed
[00:28:58] in the Sultanate of Oman under the wise
[00:29:03] leadership of His Majesty Sultan Haitham bin Tariq.
[00:29:06] Most of
[00:29:09] God
[00:29:10] preserve him
[00:29:15] The working team reviews and develops
[00:29:18] the Child Law as part of efforts to develop
[00:29:22] national legislation with the aim
[00:29:25] of strengthening the protection of children's rights and keeping
[00:29:28] pace with social and legislative changes in the Sultanate.
[00:29:34] The review team and development of the Child Law
[00:29:38] continues to update the legislative system to
[00:29:41] enhance the protection of children's rights in the Sultanate
[00:29:45] of Oman, reviewing in its first meeting the work
[00:29:48] plan and stages of review in preparation
[00:29:51] for studying the legal articles and preparing
[00:29:55] proposals. When we talk about the Child Law, the Child
[00:29:59] Law was issued in 2014. Now we are talking about
[00:30:02] 2026. Many
[00:30:09] the global level. When we talk about children, we are talking about
[00:30:13] a very important segment, which
[00:30:16] is the future of the Sultanate of Oman. The legal review
[00:30:19] aims to develop the provisions regulating children's
[00:30:23] rights in line with developments and to enhance
[00:30:26] the efficiency of national legislation. The team also
[00:30:30] discusses the articles regarding which a number of
[00:30:34] observations have been received, in preparation
[00:30:37] for their analysis and the formulation of recommendations
[00:30:41] that contribute to strengthening the child protection system. Society
[00:30:45] change. Therefore, the need arose for amendments
[00:30:49] to the Child Law to adapt and keep pace with these
[00:30:52] changes, even the type of challenges that children currently face
[00:30:56] have become the past.