Latest news with #financialSustainability
Zawya
14 hours ago
- Business
- Zawya
State Council reviews study on diversifying Oman's sources of income
Muscat – The State Council discussed a study titled ' Mechanism for Diversifying Sources of Income in the Sultanate of Oman' during its fifth meeting on Monday. The meeting was chaired by H E Sheikh Abdulmalik bin Abdullah al Khalili, Chairman of the State Council. The study reviewed the current state of the Omani economy and existing sources of national income. It also outlined international experiences in tackling challenges related to income diversification and financial sustainability. Concluding the discussion, the study stressed the importance of exploring future opportunities and provided recommendations for diversifying income sources across various economic sectors. The Council also reviewed a report by the Social and Cultural Committee regarding its meeting with officials from the Social Protection Fund to discuss mechanisms for implementing the social protection system. Additionally, the Council's bureau reviewed reports submitted by members following their participation in regional and international forums, along with updates on ongoing progress reports © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Times of Oman
2 days ago
- Business
- Times of Oman
State Council discusses study on diversifying sources of income in Oman
Muscat: The State Council's office today discussed a study titled "Mechanism for Diversifying Sources of Income in the Sultanate of Oman." The discussion took place during the State Council's 5th meeting of its second regular convening during the Eighth Term. The meeting was chaired by Sheikh Abdulmalik bin Abdullah Al Khalili, Chairman of the State Council. The study addressed the current state of the Omani economy and sources of national income. It also gave a briefing about global experiences in addressing the challenges of diversifying sources of income and financial sustainability. The study concluded with emphasis on exploring future prospects and recommendations for diversifying sources of income across various economic sectors. The meeting also reviewed a report submitted by the Social and Cultural Committee on hosting officials from the Social Protection Fund to discuss with them a mechanism for applying the social protection system.
Zawya
5 days ago
- Business
- Zawya
AUS Board of Trustees drives strategic growth through key appointments and academic advancements
Sharjah, UAE – The American University of Sharjah (AUS) Board of Trustees, chaired by Her Excellency Sheikha Bodour bint Sultan Al Qasimi, President of AUS, met to review and approve a set of strategic actions focused on leadership development, academic excellence and financial sustainability. After the meeting, Sheikha Bodour said: 'Excellence in education is achieved through conscious investment in people, planning, and principled governance. The Board's decisions reflect a commitment to building an institution that is academically distinguished yet operationally resilient. We are strengthening our leadership, supporting faculty development, and refining our governance frameworks to ensure AUS remains responsive to today's demands as a leading force in shaping higher education in our region and beyond.' 'The decisions taken during this board meeting reflect the strength of our vision and the clarity with which AUS is charting its path forward,' said Dr. Tod A. Laursen, Chancellor of AUS. 'With strengthened leadership, defined academic priorities and disciplined financial planning, we are positioning the university to lead with purpose in a rapidly evolving higher education landscape.' Among the key outcomes, the board approved the appointment of Dr. Matthias Ruth as Vice Chancellor for Academic Affairs and Provost. Dr. Ruth is an academic leader with a distinguished track record in interdisciplinary research and institutional strategy, having held senior roles at the University of York, the University of Alberta and Northeastern University. The board also advanced several initiatives to support faculty excellence, including the approval of a new round of rolling contracts and a new round of academic promotions. These measures reflect AUS' continued focus on attracting and retaining outstanding faculty while fostering a culture of academic distinction. An updated Human Resources Policy Manual was also adopted to align institutional practices with international standards in higher education administration. In the area of financial governance, the board approved the university's fiscal year 2025–2026 general operating budget, along with dedicated budgets for research, graduate studies and capital projects. It also endorsed the standalone financial statements of AUS Enterprises—a holding company established to support the university's financial sustainability—for the 15-month period ending August 31, 2024. To further strengthen its governance structure, the board welcomed three new members: Dr. Ebtesam Almazrouei, Dr. Tony F. Chan and Mohamed Khadiri. Dr. Almazrouei serves as Executive Director and Acting Chief AI Researcher at the Technology Innovation Institute in Abu Dhabi and chairs the United Nations' AI for Good Impact Initiative. Dr. Chan recently concluded his presidency at King Abdullah University of Science and Technology in Saudi Arabia and previously served as President of the Hong Kong University of Science and Technology. Khadiri is the Chief Executive Officer of Bank of Sharjah, with deep expertise in global corporate and investment banking. With these decisions, AUS reaffirms its position as a regional and global leader in higher education—committed to academic distinction, community impact and preparing graduates to shape the future.
