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🇴🇲 Oman /Environment & Climate

Finance and Insurance Forum Focuses on Innovation, Digital Transformation and Sustainability

From Times of Oman · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Oman’s North Al Batinah Chamber of Commerce and Industry held the third Finance and Insurance Forum in Sohar, bringing together public and private institutions.
  • Speakers highlighted financial technology, artificial intelligence, data analysis, risk management and business continuity as priorities for the sector.
  • The programme examined financial-sector support for the national economy and the regulatory and investment changes required by digital transformation.

Financial and insurance-sector officials and institutions gathered in Sohar for the third edition of the Finance and Insurance Forum, held under the theme “Empowerment and Sustainability.” The event was organised by the North Al Batinah branch of the Oman Chamber of Commerce and Industry under the auspices of Suleiman Hamoud Al Busaidi, Deputy Secretary-General of the Council of Ministers.

Zaher Khusaif Al Harasi, chairman of the branch’s Finance and Insurance Committee, said the forum had developed through successive themes. The first edition focused on empowering private-sector institutions and strengthening their sustainability. The second examined partnership, integration, the legislative environment and innovative financing.

This year’s forum turned toward financial technology, innovation, digital transformation, readiness, risk management and business continuity. Al Harasi said those areas had become fundamental to growth, competitiveness and sustainability in finance and insurance. He also pointed to rapid changes driven by modern technologies, artificial intelligence and data analysis, which could improve services, raise operational efficiency, speed up procedures and improve the experience of beneficiaries.

The forum aimed to help financial institutions and insurance companies prepare for crises and disasters through smart solutions, stronger risk-management systems and business-continuity planning. It also sought to promote an environment that attracts investment and innovation while supporting private-sector growth.

The programme included dialogue sessions and specialised papers. A main session considered the financial sector’s role in supporting the national economy, while another, titled “The Financial Sector in the Age of Digital Transformation: Innovative Legislation, Smart Investment, and Sustainable Growth,” addressed changes in the sector and the requirements for developing its regulatory and investment environment.

Empowerment and Sustainability

· Forum organisersThe theme of the third Finance and Insurance Forum in Sohar.
About this summary

Originally published by Times of Oman in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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