The signing of a memorandum of understanding (MoU) between the Muscat Stock Exchange (MSX) and Muscat University marks a significant milestone in their efforts to enhance cooperation and promote development. This partnership aims to foster research, exchange knowledge and experiences, and develop academic and training programs. The agreement was formalized by Haitham bin Salem al Salmi, CEO of MSX, and Dr Khamis bin Hamad al Yahyai, President of Muscat University, in the presence of officials and academics from both institutions.
The MoU outlines various collaborative activities, including the organization of workshops and seminars, facilitating exchange visits, and the creation of specialized training programs for employees and students.
Expressing his pride in signing the MoU, Haitham bin Salem al Salmi stated, "We are proud to sign this MoU with Muscat University. It represents an important step towards strengthening cooperation between the academic and financial sectors. We believe that this partnership will contribute to the development of qualified national professionals who will play a crucial role in achieving Oman's Vision 2040."
The agreement holds great significance as it aligns with the Muscat Stock Exchange's commitment to social responsibility and strengthening ties with universities in the Sultanate. This partnership presents an excellent opportunity to enrich knowledge and promote a culture of capital market and securities investment among various segments of society, particularly students. We eagerly anticipate a fruitful collaboration that will empower students to actively contribute to the growth of the national economy and equip them with the necessary skills for the job market.
Muscat University's dedication to practical studies that cater to the needs of the labor market, along with its expansion of academic specializations, further highlights the importance of this agreement. By providing high-quality education that aligns with market demands and national projects, Muscat University has established itself as a prominent institution in the trade and industry sector in Oman.
Professor Dr. Khamis al Yahyai, in emphasizing the significance of this collaboration, recognizes the Muscat Stock Exchange as a leading institution in the development of the financial market and attracting investments. This agreement strengthens Muscat University's position as an academic institution that remains up-to-date with international advancements and best practices in economics and financial analysis.
Al Yahyai emphasized the unique offerings of Muscat University, stating that they provide high-quality programs, some of which are the first in the Sultanate, particularly in the fields of securities and sustainability. The university aims to connect these programs with professional certifications and focus on training MSX students to develop investment and saving skills, as well as an investor mindset.
He further elaborated that the Memorandum of Understanding (MoU), set to be implemented in September, includes professional development programs, practical training, and collaborative research initiatives. This partnership is crucial in developing qualified national talents and ensuring their preparedness for the job market. Moreover, it will facilitate the creation of specialized training programs, joint lectures, and innovative financial solutions.
This collaboration demonstrates the university's commitment to achieving excellence in innovation and entrepreneurship, enhancing the quality of education, and meeting international standards of distinction. The combined efforts of MSX and Muscat University represent a significant milestone in their shared journey towards cultivating a knowledgeable and skilled workforce, ultimately contributing to Oman's economic and social development.
