Oman and Bahrain have signed 10 memoranda of understanding (MoUs) and 7 executive programs and agreements at Al Sakhir Palace, expanding bilateral relation between the brotherly states.
His Majesty Sultan Haitham bin Tarik, Sultan of Oman and Hamad bin Issa Al Khalifa, King of Bahrain, witnessed the signing in the presence of officials from both sides.
The agreements covered the fields of security, shipping, ports, studies and research, the establishment of an Omani-Bahraini investment company, granting Oman the right of sovereignty over its subscriber data in the company’s existing cloud computing centers in Bahrain, in addition to granting Oman the status of authorized partner accredited to the Global Freight Services (GAC).
An agreement was also signed on remote trading of brokerage companies through the electronic trading system (TABADUL HUB) between Muscat Stock Exchange (MSX), Muscat Clearing and Depository Company and Bahrain Bourse and Bahrain Clearing Company.
The two sides also signed a cooperation agreement between Sultan Qaboos University (the Centre for Omani Studies) and Bahrain Centre for Strategic, International and Energy Studies. An agreement granting Oman the right of sovereignty over subscriber data in the existing cloud computing centers in Bahrain was also signed.
The MoUs and executive programs covered the areas of information technology, municipal work, higher education, scholarly research, innovation, competition protection, prevention of monopoly, space science and technology, air navigation, social development, cultural and museum management, small and medium-sized enterprises (SMEs) development, entrepreneurship, historical documentation, document management and archives.
It also included an executive program between Oman’s Foreign Ministry and Bahrain’s Ministry of Foreign Affairs, agriculture, livestock and fisheries fields, the scientific and educational fields, environment protection, youth, culture, heritage, tourism cooperation, and remote dealings of brokerage companies through the electronic trading system.
An MoU was signed between Oman’s Ministry of Commerce, Industry and Investment Promotion and Bahrain’s Ministry of Industry and Commerce in the field of competition protection and prevention of monopoly.
