The Muscat Stock Exchange (MSX) and Muscat University have taken a significant step toward enhancing cooperation and fostering development by signing a memorandum of understanding (MoU). This partnership aims to boost research, share knowledge and experiences, and develop both academic and training programmes. Haitham bin Salem al Salmi, CEO of MSX, and Dr Khamis bin Hamad al Yahyai, President of Muscat University, formalised the agreement in the presence of numerous officials and academics from both institutions.
The MoU outlines various collaborative activities, such as organising workshops and seminars, facilitating exchange visits, and creating specialised training programmes for employees and students.
Haitham bin Salem al Salmi said, "We are proud to sign this MoU with Muscat University. It represents an important step towards strengthening cooperation between the academic sector and the financial sector. We believe that this partnership will contribute to building qualified national cadres who will contribute to achieving Oman’s Vision 2040."
He elaborated further, "This agreement aligns with the Muscat Stock Exchange’s policy, social responsibility, and commitment to deepening relationships with universities in the Sultanate. We see this partnership as an opportunity to enhance knowledge and culture related to the capital market and investment in securities among various societal segments, especially students. We look forward to fruitful cooperation that will allow students to actively participate in the development of the national economy and ensure their readiness for the labour market."
The importance of the agreement is underscored by Muscat University's focus on practical studies that meet labour market needs through vocational training and expanding academic specialisations. This ensures the provision of high-quality education that aligns with market requirements and national projects. Muscat University is recognized as one of the leading institutions associated with the trade and industry sector in Oman.
Professor Dr Khamis al Yahyai emphasised the significance of this collaboration, stating, "The Muscat Stock Exchange is a leading institution in developing the financial market and attracting investments. This agreement enhances Muscat University's presence as an academic institution that keeps pace with international developments and best practices in economics and financial analysis."
Al Yahyai highlighted the university's unique offerings, noting, "Muscat University provides qualitative programs, some of which are the first in the Sultanate, particularly in securities and sustainability. We aim to link our programs with professional certificates and focus on training students at MSX to enable them to acquire investment and saving skills and adopt an investor mindset."
He further explained that the MoU, which will take effect next September, encompasses professional development programs, practical training, and joint research initiatives. This cooperation is crucial for building qualified national cadres and ensuring their readiness for the labour market. Additionally, the partnership will facilitate the creation of specialised training programmes, joint lectures, and innovative financial solutions.
This collaboration reflects the university's dedication to achieving excellence in innovation and entrepreneurship, improving education quality, and meeting distinguished international standards. The concerted efforts of MSX and Muscat University mark a significant milestone in their shared journey toward fostering a knowledgeable and skilled workforce, ultimately contributing to the economic and social development of Oman.
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