OQ officially joins SWIFT network integration
The integration empowers OQ to manage its financial operations with greater transparency, accuracy, and real-time access to banking data from both local and international institutions. This enhances investor confidence and strengthens the Group's global appeal.
'This achievement marks a major milestone in OQ's digital transformation journey and reflects our ongoing commitment to implementing international best practices,' said Sabrina Al Bakri, Chief Financial Officer at OQ. 'By adopting advanced financial infrastructure and streamlining institutional financing processes, OQ continues to position itself as a future-focused energy leader rooted in operational excellence,' she added.
Direct integration with SWIFT significantly streamlines bank reconciliation cycles, enhances the accuracy and timeliness of financial reporting, and reinforces the integrity of daily transactional accounting. This advancement supports OQ's broader strategy to modernise its financial architecture and implement digital solutions that drive operational agility and fiscal discipline across the Group.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Times of Oman
2 hours ago
- Times of Oman
Over 400 participants attend Oman REFCO Esports Championship
Muscat: The Oman REFCO Esports Championship concluded on August 1, drawing more than 400 participants from governorates across the country and marking the largest event of its kind in Oman. Organised by Oman REFCO and Omani Gaming & Esports Committee in partnership with Active Oman, E-sports Arena and Oman Automobile Association, the two-day event represented a key step in empowering youth and advancing digital talent nationwide. Held at Active Oman Centre, the championship aimed to empower Omani youth in digital media and competitive gaming, in line with the objectives of Oman Vision 2040 to build a digital society and knowledge-based economy. Saba Al Busaidi, Head of the Omani Gaming & Esports Committee, said: 'Public-private partnerships are vital to nurturing young talent and developing their skills across diverse sectors. This collaboration serves as a strong model for how we can support young Omanis. Through the Oman REFCO Esports Championship, we are offering youth a meaningful opportunity to hone their skills within the esports ecosystem. Our joint effort directly supports the objectives of Oman Vision 2040 and our shared ambition of building an advanced digital society.' Suleiman bin Abdullah Al Salmi, Head of Human Resources and Corporate Services at Oman REFCO, said: 'At Oman REFCO, we believe investing in youth is investing in the future of Oman. Our support for this championship reflects our commitment to transforming the gaming sector from a recreational space into a viable economic and professional driver that contributes to the country's economic diversification.' He added: 'Through this event, we aim to create a dynamic environment for youth, enabling them to strengthen their digital capabilities and explore new avenues in the world of digital innovation. We remain in close coordination with the Omani Gaming & Esports Committee to expand and strengthen this momentum moving forward.' Participants competed in three main categories – FIFA 25, Tekken, and Assetto Corsa – with high energy, attractive cash prizes, and motivational workshops featured throughout the competition. The championship was generously sponsored by Brigadier Jamal Al Tai, Chairman of the Oman Automobile Association and Active Oman, who praised the event's role in inspiring Omani youth and channeling their energy into emerging tech-driven fields. He said: 'The Oman Automobile Association and Active Oman is proud to support this initiative and collaborate with organizations working to build a capable digital generation that can represent the Sultanate on global platforms.' The association and Active Oman also supported event promotion and provided logistical and technical support during the championship. The Oman REFCO Esports Championship is the largest of its kind in the Sultanate, aiming to identify emerging Omani talent and prepare them for inclusion in the national esports team. Oman REFCO reaffirmed its commitment to supporting the esports sector and positioning it as a strategic economic pillar of Oman's digital future.
Times of Oman
4 hours ago
- Times of Oman
Housing Ministry offers 14 investment opportunities in North Al Sharqiyah
Ibra: The "Tatweer" platform of the Ministry of Housing and Urban Planning has launched 14 agricultural and commercial investment opportunities across several wilayats in North Al Sharqiyah Governorate. These opportunities are available for the Ministry of Agriculture, Fisheries and Water Resources, and the North Al Sharqiyah Governor's Office, covering agriculture, real estate development and commercial investment. The sale of investment prospectuses for these opportunities began on Tuesday, with some prospectuses set to be available starting 14 August. Eng. Hamad Rashid Al-Sawaei, Assistant Director-General of Agriculture and Water Resources in North Al Sharqiyah, explained that the investment opportunities are designed to enable private sector institutions and companies to benefit from diverse prospects in agriculture and commerce. The agricultural opportunities aim to adopt modern farming techniques by establishing advanced projects for cultivating various crops, including figs, onions, garlic, potatoes, and date palms. He added that these projects will adopt integrated production systems, leveraging modern technologies in farming, irrigation, and post-harvest processes to ensure sustainability, high product quality, and enhanced competitiveness in regional and global markets. Meanwhile, the commercial investment opportunities allow investors to establish strategic business projects aligned with the proposed requirements. Al Sawaei noted that the Ministry of Agriculture, Fisheries and Water Resources has offered 12 agricultural investment opportunities across the wilayats of Ibra, Al Mudhaibi, Al Qabil, Sinaw, Bidiyah, and Dima wa Al-Ta'een. Key opportunities include: 5 investment opportunities for a fig cultivation and production project in the village of Al-Quway'ah, Sinaw, covering 20 acres; An investment opportunity for a vegetable farming project (greenhouses and open fields) in Misrun, Ibra, spanning 8 acres; An opportunity to establish a date production factory in the industrial zone of Dima wa Al-Ta'een, covering **2,135 square metres. Additionally, there is an opportunity for a date palm cultivation and "Bisur" (young date) production project in Al-Ghubbi, Bidiyah, spanning 100 acres, as well as projects for potato farming (6.3 acres), garlic cultivation (6.3 acres), and onion farming (6.3 acres) in Barzman, Sinaw. Another opportunity involves garlic and onion farming in Maghsar, Al Qabil, covering 6 acres. On his turn, Badr Ahmed Al Habsi, Director of Planning and Investment at the North Al Sharqiyah Governorate, commented on the investment opportunities offered by the Governor's Office through the Tatweer platform, stating: 'The most prominent opportunity is the strategic commercial investment in Ibra, aligned with Oman Vision 2040 and the goals of the sustainable development, which focus on diversifying national income sources, boosting local economies, and providing quality, sustainable job opportunities for Omani citizens." He added that there is another investment opportunity for establishing custom industrial shops based on investor proposals—a project in Al Mudhaibi on a 2,565-square-metre plot. This initiative, he said, aims to create and operate multi-purpose industrial shops catering to small and medium enterprises (SMEs), strengthening the local business environment and generating sustainable employment. The investment contract will be valid for 10 years, with a one-year grace period for preparation and setup from the contract's effective date, he pointed out.
Times of Oman
5 hours ago
- Times of Oman
Oman, Mongolia explore opportunities for establishing partnerships in vital sectors
Ulaanbaatar: Abdulsalam Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA), on Tuesday held a meeting in Ulaanbaatar with Battsetseg Batmunkh, Minister of Foreign Affairs of Mongolia. During the meeting, Al Murshidi and Batmunkh affirmed the depth of relations between the Sultanate of Oman and the Republic of Mongolia. They discussed ways to enhance bilateral cooperation, notably in economic and investment fields. The meeting also touched on opportunities for establishing partnerships in vital sectors. The two sides exchanged views about appropriate mechanisms for improving coordination and expanding cooperation in the near future.
