MOE symposium witnesses signing of agreements on school financial education
H E Prof Dr Abdullah bin Khamis Ambosaidi, Undersecretary for Education in the Ministry of Education, patronised the closing ceremony of the symposium, in presence of H E Majid bin Said al Bahri, Undersecretary of Administrative and Financial Affairs and Chairman of the Main Committee for Khazna Project.
The closing ceremony of the two-day symposium included a visual presentation of the symposium activities, a recommendation reading, and honouring Khazna project partners.
On the sidelines of the symposium, the Ministry of Education signed a number of memoranda of cooperation with a number of private institutions. H E Majid bin Said al Bahri, Undersecretary of for Administrative and Financial Affairs in MOE, signed a cooperation agreement with Bank Muscat to implement a training programme for school students titled ‘Finances Academy’ signed on behalf of Bank Muscat by Sheikha al Farsi, Chief Operating Officer at Bank Muscat.
H E Bahri also signed a memorandum of cooperation with Oman Arab Bank (OAB) to implement a training programme for school students.
The agreement for holding the ‘Adventures of Young Savers’ programme, was signed by Sulaiman al Harthi, the bank’s CEO.
The Undersecretary signed the third agreement with Sohar International to implement a training programme in financial planning for school students. This deal was signed by Khalil al Hedaifi, Head of the Government and Private Banking Group, on behalf of Sohar International.
The Financial Culture Symposium recommended to build a strategy for school financial education in the Sultanate of Oman; aiming to empower students with financial planning, saving and investment skills, include the principles of financial culture and education in various curricula, employ artificial intelligence tools and digital financial technology to spread financial culture among students, create qualitative training programmes for teachers and career guidance specialists in the field of financial education, and strengthen partnerships with banking sector institutions within Oman; to adopt several initiatives that contribute to instilling financial dealing skills in various aspects of life.
The symposium also recommended in its closing statement the adoption of student companies and business incubators for school students by government and private sector institutions and enabling the Khazna project to implement a group of various educational activities, programmes and events in order to raise the level of awareness of financial culture among school students, through the implementation of winter and summer student camps and gatherings.
The final statement also stressed the need to review the most prominent international educational practices that enhance the roles of educational institutions in educating and raising students’ awareness of financial transactions, and involving civil society institutions and parents in educating students about financial culture and providing them with the necessary skills and competencies, and studying the possibility of creating an optional subject called: Introduction to Financial Education for students in grades 9-12.
The final day of the symposium included three sessions, the first of which discussed the topic of financial culture and integrating it into school education programmes.
Dr Alya al Fori, Assistant Professor at the Collage of Economy
On the sidelines of the symposium, H E Prof Dr Abdullah bin Khamis Ambosaidi, Undersecretary for Education in MOE signed a number of memoranda of cooperation with a number of private institutions
and Political Sciences at SQU, presented the first paper titled ‘Importance of Integrating Financial Culture Concepts in School Education Programmes’.
The second paper - ‘Reality of Integrating Financial Culture into School Education Programs in the Countries of the Arab Bureau of Education for the Gulf States’ - was presented by Prof Dr Abdulaziz al Ruwais, Advisor at the Arab Bureau of Education for the Gulf States.
Dr Khalid al Saadi, Associate Professor at Sohar University, presented the third paper entitled - ‘Financial Culture and the Importance of Integrating it into Curricula’.