Central Bank Announces New Policies
The Ministry of Finance announced new decisions in response to royal directives, including measures to strengthen future management of the Strait of Hormuz and to enhance its services, as well as organizing the costs of provided services. The efforts focused on activating programs to combat inflation and facilitate investment procedures, with an emphasis on cooperation between Oman, Iran, and France in the fields of transportation and infrastructure. Additionally, agreements were announced between the Sultanate and France to bolster economic collaboration, along with a decision to release billions of dollars of frozen Iranian assets in Qatar.
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