The Central Bank of Oman (CBO) has signed a Memorandum of Understanding (MoU) with Qatar Financial Center Regulatory Authority (QFCRA), aimed at sharing experiences and strengthening cooperation in supervision and surveillance.

Taher bin Salim Al Amri, Executive President of CBO signed the MoU on behalf of the CBO , while Michael J. Ryan, Executive president of Qatar Financial Center Regulatory Authority signed the MOU on behalf of the Qatari side.

The terms of the MoU included cooperation in exchanging information and experiences in banking and finance sectors.

Other key objective included the development of the professional cadres, the convergence of common means and standards in supervision and financial stability, as well as benefiting from expertise and establishing a good working relationship between the two parties.