OMAN — broadcast 20261012 163000 UTC 470 transcript segments Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive. Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record. [00:00:00] In the Sultanate of Oman, we must study these matters. I believe [00:00:04] that facilities are an important factor, and incentives [00:00:07] are also an important factor. If facilities are found, and [00:00:10] incentives are found, and stability is found, [00:00:13] economic stability and security stability in [00:00:17] the Sultanate, then this is a very important incentive [00:00:21] to attract many [00:00:23] investors. Because many investors, before coming [00:00:27] to the Sultanate, look for the [00:00:30] laws in the Sultanate, whether [00:00:33] labor laws, yes, or trade laws, or [00:00:37] tax laws. [00:00:40] authorities, whether in Therefore, when the investor comes, he also makes comparisons between [00:00:44] what is available in Oman and how [00:00:47] he is dealt with, and how we can get returns, [00:00:50] as well as what is available in other [00:00:53] countries. So they make comparisons, and if they find that [00:00:58] and other things are being hit Omani laws for investments are better, [00:01:01] and the existing stability and the strategic location of the Sultanate, [00:01:06] that are based on of course, they will prefer to come [00:01:08] based on to the Sultanate of Oman. In your opinion, does the instability of immediate decisions that come out [00:01:11] from time to time, [00:01:14] can international partnerships be built in this and their instability in different aspects, affect the investor's decision? Absolutely, [00:01:18] 100%. If we make a decision today, and [00:01:22] after a month or two, this decision changes to another decision, [00:01:26] I believe [00:01:28] So we focus on them in that this creates a lack of trust. The investor feels [00:01:31] that there is a lack of trust. So I hope that [00:01:34] decisions, even in the labor sector, decisions should be well-studied [00:01:38] so that they do not affect or become [00:01:41] an obstacle to foreign or external [00:01:44] investments, and even to [00:01:47] looking for Omani investments. That is, there must be [00:01:51] clear and stable data, [00:01:55] so that the investor comes with [00:01:58] full confidence that I will achieve returns [00:02:01] and profits when I go to the Sultanate of Oman. Well, [00:02:05] oil and gas accounted for the largest share of investment [00:02:08] means they can list themselves in the Sultanate of Oman. What are the non-oil [00:02:11] sectors that can, [00:02:14] let's say, make economic diplomacy more [00:02:18] effective? Well, the vital sectors that I think [00:02:22] are also very important in [00:02:25] and how many citizens Oman are the tourism sector. The tourism sector [00:02:27] is one because the Sultanate has natural [00:02:31] resources, and also its proximity to global [00:02:34] markets. That is, [00:02:36] and the stability in the Sultanate, all of these [00:02:40] investing in are indicators that the tourism sector should be greatly [00:02:44] enhanced and invested in in order [00:02:47] to also be a source [00:02:50] of employment [00:02:51] were almost 15% of for Omanis, 72% of for job seekers, [00:02:54] to get job opportunities. That is, if I do a tourism [00:02:57] project, even if it costs a lot of money, [00:03:00] yes, I have a credit in investment [00:03:03] to employ Omanis. [00:03:07] The other sector that could also [00:03:10] be important in Oman is agriculture, [00:03:13] but in a modern way, with modern [00:03:16] technologies. You have [00:03:18] contributes to also the fisheries sector, fishing is also [00:03:23] encouraged the entry of all very important. The manufacturing sector, minerals, [00:03:27] and individuals into mining, all of these are vital sectors. [00:03:27] a citizen works in Thank God, Oman is rich in resources. There are many [00:03:30] resources in the field of mining. So it is true that, thank God, [00:03:33] we are working on it, but we must [00:03:36] also research and constantly evaluate [00:03:40] the work so that we can correct errors [00:03:43] this week in the Muscat Stock in, for example, benefiting from the mining sector. Well, [00:03:47] prices today, some people look buyers in and say, I [00:03:50] think there is interest, of course, [00:03:53] Institutions usually look at in attracting capital, [00:03:54] and guarantee your right to and investors who own capital. But on the other hand, they say [00:03:56] that there is interest in the type of investor. [00:04:00] There are those who look for investors who bring [00:04:02] technical expertise, knowledge, international [00:04:06] relations networks. So between the investor who owns capital, [00:04:10] and the investor who [00:04:14] which boosted brings expertise, knowledge, technology, and so on, and international relations networks, [00:04:18] how can we open up opportunities in this [00:04:21] regard for Omani companies, and [00:04:24] who should we focus on, Sheikh [00:04:27] Hilal? Well, you see, sometimes investment [00:04:30] starts with [00:04:32] Oman would enter even small companies, but they have [00:04:35] the drive or the motivation to achieve results. [00:04:39] Therefore, we must pay attention to all [00:04:41] might create many opportunities segments, especially those who want to invest in the country, [00:04:44] provided that there is an evaluation of these [00:04:46] week. Indeed, as you mentioned, this institutions. That is, for example, I have [00:04:49] a preference. Sometimes a company comes with experience, with [00:04:53] in some embassies around capital, of course, it possesses technology, I give it [00:04:57] priority. But I also do not forget others. I give them [00:05:00] opportunities. Therefore, we must also [00:05:04] have, as you say, a study of all these matters [00:05:07] and benefit from everyone. Yes. Well, what is required [00:05:10] today from the Oman Chamber of Commerce and Industry, from businessmen, [00:05:14] from joint business councils, [00:05:17] that is, in making economic [00:05:20] diplomacy successful, Sheikh Hilal? As I mentioned, [00:05:24] there must be complete coordination between the Chamber and the Businessmen's Council, [00:05:28] and there should be [00:05:30] coordination, whether with the Ministry of Foreign Affairs, [00:05:33] or with the Investment Authority, or, [00:05:37] that is, if there is coordination, I think there are many [00:05:40] opportunities that embassies offer. I am sure that [00:05:44] embassies offer some projects, but sometimes [00:05:47] they do not find the necessary attention from the concerned [00:05:52] the Chamber or elsewhere. So I think there should be great [00:05:55] attention, or there should be a specialized unit that follows [00:05:59] up on such matters. That is, if people come [00:06:03] and want to invest in existing opportunities, [00:06:06] there should be close follow-up and evaluation, and why, for example, [00:06:10] this opportunity was not exploited. What is the reason? Yes. [00:06:14] Well, the Sultanate of Oman always seeks to develop sectors [00:06:18] knowledge and also [00:06:20] technology, especially in these [00:06:23] two areas, Sheikh Hilal. How [00:06:27] regard, so that they also provide job [00:06:30] opportunities for Omani [00:06:32] citizens? Since we have investments, [00:06:36] we have two types of investments. We have foreign investments [00:06:40] amounting to 31 billion. [00:06:42] And we have investments from the Investment Authority [00:06:46] also amounting to 23 billion. So if we add these up, mashallah, [00:06:50] it's a large amount, it comes to about 54 [00:06:52] billion. So, therefore, I think that here [00:06:55] transferring knowledge and transferring [00:06:58] technology and training young people through these [00:07:01] investments will also [00:07:04] provide us with an economic aspect or an economic [00:07:07] resource. So if Omanis are trained or if [00:07:11] Omanis work, then you also [00:07:14] have a return, whether financial or [00:07:17] economic, because I don't just rely on saying, "Oh, I got [00:07:21] in this year a financial [00:07:23] income increased, and the profit [00:07:27] rate was, for example, 9% or 10%." I don't look [00:07:30] at just this number. I must also look at how many [00:07:34] citizens worked and how many benefited [00:07:37] were trained, and what are the returns I got from knowledge [00:07:41] and technology for the country? This is also an investment. [00:07:44] So I think that if there was, for example, [00:07:47] you could say, a specific fund through [00:07:51] investments, human resources. [00:07:55] That is, for example, if it starts with one and a half billion or [00:07:57] two billion, but it would be over several years. [00:08:01] I mean, I will have [00:08:04] huge jobs and I can [00:08:06] solve or solve the larger part of the issue of job seekers. [00:08:10] That is, if I employ Omar, he is an economic [00:08:13] resource. Yes, even if it's not viewed now as a percentage that [00:08:17] I, well, got 8% or 9%, [00:08:21] but the economic return for [00:08:24] this individual or this group that [00:08:26] worked contributes with its work, [00:08:31] the national economy, contributes effectively. [00:08:35] Here also, every time [00:08:40] the private sector or the public sector, who benefits? [00:08:43] Also, for example, the Social [00:08:46] Protection Agency benefits because [00:08:50] this will also contribute [00:08:53] an amount. Therefore, the amounts contributed [00:08:56] for social protection also have an economic return. [00:08:59] Also, the market will move, the wheel [00:09:03] will move, excellent. Purchasing power will also move. [00:09:07] Therefore, I don't see employing Omanis as an economic burden. [00:09:10] No, employing Omanis [00:09:13] has an indirect and direct economic return at the same [00:09:16] time. That is, let's say, even in terms of [00:09:19] investments, the type of investments in bringing [00:09:23] technologies and bringing knowledge and linking it also [00:09:26] with, I mean, global networks [00:09:29] and research, etc., this should also be looked at [00:09:32] in this aspect. And economic diplomacy is not just focusing on attracting [00:09:36] money, because today an investor may not bring [00:09:39] all the capital, he might finance part of it, and part of it [00:09:43] he might bring at the same time. But bringing knowledge [00:09:47] and technology, and linking it also with research [00:09:50] and development centers, etc., this [00:09:54] in this aspect. Excellent, 100% correct. I mean, you see, [00:09:58] now we don't just say, "Well, let's go for a specific [00:10:01] project." We must also focus, and there are units [00:10:06] the world that have specific units only [00:10:09] to follow up on research and follow up on innovations. [00:10:13] I mean, it doesn't mean that I just bring a project and say it's such [00:10:17] and such. No, we must also search for [00:10:19] opportunities available in the field of scientific research, [00:10:23] as well as in the field of innovation. [00:10:25] Because these feed the Omani market [00:10:28] with expertise and feed it with good [00:10:30] information and advanced [00:10:33] information. Therefore, we also [00:10:37] benefit from this matter. So focusing on technology [00:10:40] and on innovations should also be among the concerns [00:10:44] of embassies. Well, the Sultanate of Oman enjoys [00:10:48] very extensive foreign political relations, [00:10:51] and historical ones at the same time, Sheikh Hilal. [00:10:55] And at the same time, it possesses capabilities, a strategic [00:10:58] location, ports, and road networks, [00:11:02] in addition to airports and a large logistical infrastructure. [00:11:06] So how can these two files also [00:11:09] be utilized to create [00:11:12] an economic return or benefit [00:11:16] for the Sultanate of Oman, especially at a time [00:11:20] when supply chains [00:11:23] in the world? Look, Oman has strength, as [00:11:27] you mentioned. This gives Oman an economic advantage [00:11:30] and strength. Therefore, utilizing these resources [00:11:33] - I mean the location, the location is an economic resource [00:11:37] as well. All the locations in the Sultanate are economic resources, from its north to [00:11:40] its south. Therefore, we must benefit from these things. [00:11:44] Also, the components, [00:11:47] there are vital components and resources available in the Sultanate [00:11:50] that all countries in the world need. [00:11:53] the sector. The terrain in [00:11:57] Oman, mashallah, you are open to [00:12:01] seas, open to oceans, [00:12:04] the Strait of Hormuz, all of these are factors of strength for the Sultanate, [00:12:06] and also for attracting capital, because [00:12:10] people are now an open [00:12:14] field, and Oman, thank God, has open fields [00:12:17] wherever you go in Oman, there are resources, thank [00:12:21] God. How do we look at the issue of benefiting [00:12:25] and investing in the human element in particular, [00:12:28] in the Sultanate of Oman? Well, I think that the human [00:12:32] element is a priority. I mean, I say it's an absolute [00:12:35] priority, because what is the human element? It is the driver [00:12:39] of everything. It is the driver of development, and the driver [00:12:42] of the economy. It is also the driver [00:12:45] of the Omani market itself. That is, the more [00:12:49] resources are made available for the human [00:12:51] element, the more good returns you will get. And [00:12:55] it is an investment. For example, I am talking about the human [00:12:58] element being an investment. So, as I mentioned, if [00:13:02] we now have, mashallah, large investments, [00:13:05] there should be for example, [00:13:08] a human resources [00:13:11] fund so that it creates investment [00:13:14] opportunities for the Omani citizen. Thank [00:13:18] you very much, retired Ambassador Sheikh Hilal bin Marhoon Al Maamari, for being [00:13:21] with us on the "Indicators" program and talking about economic [00:13:25] diplomacy. Thank you very much. Thank you very much. [00:13:28] So, dear viewers, we will stay with this [00:13:31] segment, then with the Muscat Stock Exchange. [00:13:49] Welcome back, an exceptional week at the Muscat Stock Exchange. The main [00:13:52] index jumps 233 [00:13:55] points, recording its best level in five months. Market [00:13:59] value adds more than 640 million [00:14:02] Omani rials, and liquidity rises by about [00:14:04] 58%. [00:14:07] And in a remarkable timing, the Muscat Stock Exchange enters the FTSE [00:14:11] watch list, in a move that may pave the way for its upgrade to the emerging [00:14:14] markets category. What could this [00:14:18] step mean for the future of foreign investment in the Muscat Stock Exchange? [00:14:22] Let's start with the stock exchange in one minute. [00:14:26] The main index of the Muscat Stock Exchange rose [00:14:28] 233 points to close at [00:14:32] 7832 [00:14:35] points, recording its best level in five months. [00:14:38] The gains extended to all sectoral [00:14:42] indices, as the financial sector led the gains, [00:14:45] adding 317 [00:14:48] points. The industrial sector rose [00:14:50] 152 [00:14:53] points, and the services sector rose [00:14:55] by about 87 [00:14:59] points, while the Sharia index added 15 points. [00:15:03] As for market value, it achieved gains of [00:15:06] 640 million and 600 thousand [00:15:09] Omani rials, reaching 49 [00:15:12] billion [00:15:15] and 890.8 million Omani [00:15:17] rials. 58% is the percentage increase in the value [00:15:21] of trading on the Muscat Stock Exchange last week. Trading [00:15:25] jumped to more than 417 [00:15:29] million Omani rials, compared to about [00:15:32] 2136 million rials in the previous [00:15:35] week. In the same direction, the number of executed [00:15:39] deals increased by 27%, [00:15:42] exceeding 60 thousand deals. Here, [00:15:45] the picture differs from previous weeks, as this time, [00:15:49] the trading value and the number of deals increased [00:15:52] simultaneously with the rise of the main index. [00:15:56] The gains of the week were not driven by the movement of one [00:15:59] index. Trading data showed interest from [00:16:02] local investment institutions and individual Omani [00:16:06] investors in buying. The increases extended [00:16:09] to 55 securities, compared to a decline [00:16:13] of 21 securities and the stability [00:16:16] of 26 securities. This time, the movement [00:16:20] of the index is consistent with the expansion of the circle of winning [00:16:23] securities. Liquidity strongly flowed into leading [00:16:26] stocks, primarily banks and OQ Group [00:16:30] companies. Bank Muscat led trading with approximately [00:16:34] 84 million Omani Rials, [00:16:37] accounting for more than 20% of the total [00:16:41] trading value. It was followed by Sohar International Bank with trading [00:16:45] amounting to approximately 81 million Omani Rials, then [00:16:48] OQ Basic Industries with more than [00:16:51] 54 million Omani Rials, and OQ [00:16:54] Exploration and Production with approximately 52 [00:16:58] million Omani Rials, and Omantel with trading [00:17:02] close to 50 million Omani Rials. [00:17:05] Gains were not limited to leading stocks, as the share [00:17:09] of Asyad Shipping led the winning stocks [00:17:12] with an increase of [00:17:14] 11.4%, [00:17:17] closing at 233 [00:17:20] baisas. The share of Al Madina Investment Holding [00:17:24] rose by 10.3%, [00:17:27] and the share of Oman Fisheries Company rose by [00:17:30] 9.5%. [00:17:32] In contrast, the share of Oman Arab Bank [00:17:36] declined by three [00:17:40] percent, while the share of Al Anka Energy decreased by about [00:17:42] 7.4%. [00:17:45] In company news, the Ordinary General Assembly of Al Anka [00:17:49] Energy Company approved the distribution of cash dividends of [00:17:53] 118 baisas per share from retained [00:17:56] earnings. As for Takaful Oman Insurance, [00:17:59] it announced its board of directors' decision to increase [00:18:03] the issued and paid-up capital from 16 million Omani [00:18:06] Rials to 25 million [00:18:09] Rials through the issuance of rights shares worth [00:18:12] 9 million Omani Rials [00:18:15] after completing the required approvals. Between cash [00:18:18] distributions and capital increases, companies' [00:18:21] options vary in managing their resources and meeting [00:18:25] the requirements of the upcoming stage. [00:18:28] Welcome back. This week, [00:18:42] the trading landscape of the Muscat Stock Exchange [00:18:46] changed. The main index recorded its best level in five [00:18:50] months, and all sectors achieved gains. [00:18:53] An important development may open new horizons for [00:18:56] the stock exchange, with its entry into the FTSE watch [00:18:59] list. So what does the Muscat Stock Exchange need to turn [00:19:03] promotion opportunities into sustainable gains? We discuss these developments [00:19:08] with Ammar bin Mousa Al Lawati, CEO of Al Ru'ya Capital. [00:19:11] Welcome, Mr. Ammar. So, Mr. Ammar, the main index achieved its [00:19:15] best level in five months, and liquidity increased. What changed [00:19:20] Exchange for us to see this simultaneous boom in [00:19:24] and trading? From my point of view, I think one of the things that happened differently [00:19:28] at the beginning of last [00:19:32] week was the way the liquidity fund [00:19:35] traded. The way we saw it [00:19:39] two or three months ago, last week [00:19:42] we saw a radical change that helped [00:19:46] small investors enter [00:19:49] the market positively, the trading [00:19:53] value. Sentiment [00:19:57] started to change. Besides [00:19:59] that, many investors were waiting [00:20:03] for the FTSE report. They were very [00:20:06] optimistic that, God willing, [00:20:10] the watch list. So I think all these things contributed positively [00:20:13] to the entry of investors, and the change that came from [00:20:17] the fund was very positive [00:20:20] for the market last [00:20:24] rise coincided with the Muscat Stock Exchange entering [00:20:27] the watch list. How can we measure the impact of expectations [00:20:31] related to the potential upgrade on stimulating [00:20:35] investors? Indeed, one of the things we must mention is that we are still [00:20:38] on the watch list. The upgrade has not [00:20:41] happened yet. So what will happen, as [00:20:44] happened last week, of course, optimism was present from the report [00:20:48] that, God willing, Oman would enter the watch list. So there was [00:20:52] a very positive entry of small investors [00:20:55] and institutional investors in Oman. [00:20:59] The market is still, as we call it, the backbone [00:21:02] is still Omani investors. There was a positive [00:21:05] Gulf entry, but [00:21:08] we haven't seen that momentum yet. Usually, global [00:21:12] investment funds take time to enter. [00:21:15] They study the matter, and there are two types [00:21:18] of funds, of course. What we call the [00:21:21] active, what is it called, the active one, usually it [00:21:24] enters first, and then we see the passive one, which looks [00:21:28] at the long-term. [00:21:32] So far, we haven't seen these funds moving, of course. [00:21:35] They take their time to study Omani [00:21:39] companies. But the positive thing now [00:21:42] is that Oman is already on their watch list. They will still [00:21:46] look at it and evaluate our companies. [00:21:50] Practically and simply, what does the inclusion of the Muscat [00:21:53] Stock Exchange in the watch list mean, [00:21:56] and what are the main criteria that must be met before achieving [00:21:59] the actual upgrade? Well, there are nine basic criteria that [00:22:03] the Muscat Stock Exchange, thank God, has met, [00:22:06] other than liquidity, free float, [00:22:09] and the number of companies that can enter FTSE. [00:22:12] Thank God, we have met all these criteria, [00:22:16] but we must, of course, complete [00:22:20] meeting them by the end of the year, and all [00:22:23] free float companies must be present. Liquidity [00:22:27] must be [00:22:29] available. So, of course, it would be a very [00:22:33] positive thing if we could attract, God willing, [00:22:35] foreign funds that usually [00:22:39] look at the market for the long term rather than the [00:22:42] short term. And consequently, it will motivate Omani [00:22:46] companies and institutions, especially family and other [00:22:50] institutions, when they see the [00:22:53] difference that the entry of these capitals into the market [00:22:58] in the market in the future. Returning to reading the weekly report for last [00:23:01] week for the Muscat Stock Exchange, local investment institutions and individual [00:23:05] Omani investors were among the most prominent investors [00:23:08] or buyers during the week. Do you think this demand actually [00:23:12] reflects the building of medium-to-long-term investment positions, or [00:23:16] is it still linked to benefiting from the current momentum? Of course, [00:23:20] we usually cannot take a weekly [00:23:23] report as an indication that it will be the performance, God willing. [00:23:27] الله [00:23:30] So, as you mentioned, foreign investors and Omani investors [00:23:34] still play a big role. Institutional investors were almost [00:23:38] the market, and individuals [00:23:41] the market. So 90% are still almost local [00:23:44] institutions. Of course, what [00:23:48] we saw was the entry [00:23:50] of individual investors after this change [00:23:54] in fund investments. [00:23:56] الصندوق [00:23:58] I think the main reason, as you mentioned, is that they might [00:24:02] look at the expected third-quarter results, [00:24:05] the possibility of Oman entering [00:24:08] the watch list. So this [00:24:13] these institutions [00:24:17] the Omani market. [00:24:21] However, according to the indicators, individuals were net [00:24:25] sellers, so the net selling by Omani [00:24:29] individuals was around 5%. What was distinctive [00:24:32] was that Gulf nationals were net [00:24:36] the market, so they almost absorbed the selling [00:24:39] by Omani individuals. [00:24:43] the medium to long term, while individuals [00:24:45] are usually short to medium [00:24:49] term. So thank you very much to Mr. Ammar bin Mousa Al Lawati, CEO [00:24:52] of Al Ru'ya Capital. Thank you very much, Mr. Ammar. Thank [00:24:56] you. So, dear viewers, a week that brought momentum back to the Muscat [00:25:00] Stock Exchange. The main index is at its best level in five [00:25:04] months, and liquidity exceeds 400 million [00:25:07] Omani Rials, and gains extend to all [00:25:10] sectors. The most prominent event is the inclusion of the Muscat Stock [00:25:13] Exchange in the FTSE watch list, opening a new [00:25:16] phase of evaluation and presenting it with an opportunity to enhance [00:25:20] its presence in international investment. And with this opportunity, [00:25:24] the question for the next stage arises: Can the stock exchange convert the current [00:25:27] momentum into sustainable growth that is accompanied by an expanded [00:25:31] investor base and increased attractiveness of listed [00:25:34] companies? Next week, we will monitor company [00:25:37] results, liquidity movement, and the index's [00:25:40] ability to maintain its gains, in addition [00:25:43] to developments in the upgrade file. This was the Muscat Stock [00:25:46] Exchange and what lies behind the numbers. See you again. [00:28:34] We have reached the end of this episode of the "Indicators" [00:28:37] program. Thank you, and may Allah protect you. [00:30:15] peace, mercy, and blessings of God be upon you. From the News Center [00:30:18] of Oman TV, we greet you and present to you the headlines [00:30:22] of 9 PM. [00:30:26] The Oman Electricity and Energy Conference discusses the development of electricity [00:30:29] markets, strengthening supply and network security, [00:30:33] and reviews the latest technologies in transmission, distribution, [00:30:36] and smart grids. [00:30:41] Signing of 33 development and investment contracts [00:30:45] to develop infrastructure and support the local [00:30:48] economy in Al Dakhiliyah [00:30:49] Governorate. [00:30:55] The International Microbiology Conference reviews at Sultan [00:30:58] Qaboos University.