NEWS
Public
Authority for
Manpower in
Oman launches
NIMR Portal
Oman Oil and Orpic Group
and HSBC execute first
Blockchain trade transaction
in Oman
T
he Public Authority for Manpower
Register in Oman, in co-operation
with the Ministry of Technology and
Communications, has launched the National
Integrated Manpower Register Portal.
The move is to improve interconnection
procedures with the relevant parties,
reduce the amount of forms required from
users to complete the service and increase
transparency in the services provided by the
authority. The portal was launched under the
patronage of HE Sultan Bin Salim Al Habsi,
Chairman of the Board of the National
Employment Center.
The new portal shows the job vacancies
available in the labour market for citizens
and enables them to follow up on these
opportunities in key sectors through a single
window and platform.
The portal also enables government and
private entities to offer their job opportunities
through an automated system and to identify
the qualified and appropriate applicants for
those jobs in a transparent way.
It also allows the analysis of the work history,
expertise and professional competencies
of the applicants, as well as providing the
necessary statistical indicators and data of
the labour market.
The portal provides important services to
citizens and related government entities,
including updating job seekers’ data, applying
for training opportunities, submitting
complaints and enquiries, requesting an
appointment with the authority and the
possibility of communication between entities
and job seekers.
O
man Oil and Orpic Group and HSBC
Oman have successfully executed the
first Blockchain trade finance transaction
in the country.
The transaction involved the shipment of
polypropylene, a thermoplastic polymer
used in a wide variety of applications, to
Abu Dhabi National Carpet Factory, an
Abu Dhabi National Industrial Projects
Group Company in the UAE.
A fully digitised letter of credit (LC) was
advised by HSBC Oman on a Blockchain-
based platform using R3’s Corda system
– with Oman Oil and Orpic Group as the
beneficiary of the LC.
This transaction further evidences the
commercial and operational viability
of Blockchain as an alternative to
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INTELLIGENTCIO
conventional exchanges of paper-based
documentation. The Blockchain LC flow
mirrors the traditional process with all
participants using a single platform
completing the transaction in 24 hours
compared to the usual five to 10 days.
Nazar Al Lawati, Chief Financial Officer
of Oman Oil and Orpic Group, said:
“As an integrated group, we are proud
to be among the first in the region
taking serious steps in digitising trade
finance through exploring Blockchain
technology and responding to the
Fourth Industrial Revolution.
“This wouldn’t have been possible
without the commitment of our team, our
customers’ co-operation and the support
we received from the Central Bank of
Oman and HSBC Oman.”
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