Over 250 experts take part in World Stock Exchanges Conference

Muscat: The 13th edition of the World Stock Exchanges Conference began at Shangri-La Hotel Muscat yesterday with the participation of over 250 experts, specialists and financial decision maker from 60 countries.
The opening ceremony was held under the patronage of Dr. Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry Deputy Chairman of the Supreme Council for Planning.
The two-day conference is being organised by Terrappin in cooperation with Muscat Securities Market (MSM). It brings together a number of experts working in the stock exchanges, investment companies, investment funds, related institutions and those interested in developing the securities industry.
Dr. Ashraf bin Nabhan Al Nabhani, Chairman of MSM Board said the conference coincides with developments being witnessed by markets of the region in light of the fluctuation of oil prices. On his turn, Ahmed bin Saleh Al Marhoon, MSM Director General said that there are many disciplines that can be presented in this forum, stressing the importance of the securities industry investment and the freedom of capital movement as the Sultanate encourages foreign investment.
Rainer Riess, Director General of the Federation of European Securities Exchanges (FESE) said that a better future can be built though adopting best practices as there are various changes occurring in the economy and the world, which require more improvement in the exchanges performance. He affirmed that the Sultanate has managed to avail an infrastructure in this field.
Meanwhile, Saleh bin Hamoud Al Hassani, Director General of Investors Services at the Special Economic Zone Authority of Duqm (SEZAD) gave a presentation on the national goals of establishing Duqm project, which is one of the most important economic projects in the Sultanate.
On his turn, Talal bin Sa’ad Al Barwani from Duqm Port presented a detailed working paper on Duqm.
The first day of the conference witnessed the presentation of several working papers that discussed the assessment of capital markets, the impact of their promotions and their retreat on the general growth, in addition to the adoption of cloud technology and its impact on how future infrastructure organizations work and how emerging technology promotes exchange, liquidation and settlement systems.
The opening ceremony was attended by Yahya bin Said Al Jabri, SEZAD Chairman, Chairman of the Capital Market Authority (CMA) and a number of officials at the capital market sector, investment funds, banks and investment companies inside and outside the Sultanate.