Forbes magazine named the Kuwaiti and Bahraini dinar and the Omani riyal as the 3 strongest currencies in the world.
Manama: The Gulf countries received the honor of the 3 strongest currencies in the world. Forbes magazine named the Kuwaiti and Bahraini dinars and the Omani riyal as the 3 strongest currencies in the world. Determined the strongest currencies based on volume. According to the Times of Oman, Forbes has named the Omani Rial as the third strongest currency in the world for 2023. In this regard, Forbes has said that the Omani Rial is equal to $2.60, while the magazine named the Kuwaiti Dinar the strongest currency in the world. Stated because one Kuwaiti dinar is equal to 3.26 dollars, the Bahraini dinar is second, the Jordanian dinar is fourth, the British pound is fifth, the Cayman Islands dollar comes in sixth, followed by the Gibraltar pound, and then the Swiss franc.
Apart from this, Oman has been declared the top in mobile telecom services in the Gulf region, according to the Gulf news portal ‘Zawiha’, the prices of mobile telecom services packages in Oman have been significantly reduced compared to previous years. It increased the monthly average of data usage volume per customer by 17 percent, according to a study comparing retail telecom service prices in the GCC and Arab countries for the year 2021. That the Sultanate of Oman ranks first in the Arab world for the cheapest retail prices for fixed telecommunication services in 2021.
It has been reported that Oman ranks first in the Gulf as the cheapest mobile telecom service for voice calls with data packages of 5, 10, and 20 GB, representing more than 80 percent of total subscriptions. while other countries in the Gulf are the most expensive in terms of high data usage packages, representing less than 20 percent of total subscriptions.
The results of the study show that fixed broadband services saw a reduction in the prices of high-speed Internet packages 100 and 1000 Mbps during the year 2021, which increased the average monthly data usage volume by 20 percent and the high-speed packages Subscriptions and their market shares increased during the year 2021. The study recommends that companies should raise the quality of communication services in the telecommunication sector in order to ensure increased revenue and usage in light of lower prices to enable higher usage and enable third-generation users. Technologies and Internet services should be enabled to move.
In addition, telecom companies should expand the deployment of infrastructure networks for high-speed broadband services and technologies that support high speeds, such as fiber optics and fifth generation, and also recommend that companies adapt to the applications of the fourth industrial revolution and Invest in services for emerging technologies, innovation in providing communication services in a way that encourages growth in subscriptions.
Similarly, to ensure increased government revenue from the sector with lower costs, the study recommended a law to regulate communications and information technology to encourage global investment in the data and applications of the fourth industrial revolution and To be able to attract regional centers, planning, and population strategies to meet the needs of the sector in increasing investment in the deployment of communication networks, promoting the digital industry within digital economy initiatives, e.g. Includes digital transformation of government services, creation of digital content and increase in a number of service platforms.