Muscat: Darwish bin Ismaeel bin Ali al Balushi, Minister Responsible for Financial Affairs, FAERC Deputy Chairman, on Thursday chaired the Financial Affairs and Energy Resources Council (FAERC). The council discussed a report on the state’s financial position as well as outcomes of initial closing for accounts for the fiscal year 2016. FAERC also discussed the proposal to merge companies under holding public companies. — ONA
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