Tag Archives | Muscat

Tehran-Muscat Trade Increases to $1bn in 2016

Oman’s Minister of Commerce and Industry Ali bin Masoud al-Sunaidy said the volume of trade exchange between Tehran and Muscat increased to as high as $1 billion in 2016 compared to the same period in 2015. “Bilateral trade between Oman and Iran exceeded $1 billion by the end of October last year. In 2015, it […]

Iran, Oman Launch Passenger Shipping Line

Iran and Oman launched the first direct passenger shipping line between the southeastern port city of Chabahar and Oman’s capital of Muscat, an Iranian deputy minister announced. The first shipping line for maritime travels between Iran and Oman was inaugurated at Chabahar on Wednesday in a ceremony attended by Roads and Urban Development Minister Abbas […]

Bank Muscat to Open Branch in Tehran

The Central Bank of Oman (CBO) has approved the request from Bank Muscat, Oman’s largest lender by market value, to open a representative office in Iran, a report said. The approval makes Bank Muscat one of the first foreign financial firms to establish a presence in Iran following the recent implementation of the Joint Comprehensive […]

Oman signs MoU with Iranian Ports

The biggest port in the sultanate of Oman has signed a memorandum of understanding (MoU) with the Iranian ports of Shahid Rajaee (pictured) and Chabahar (Chah Bahar). Arranged with the Ports and Maritime Organization of Iran (PMOI), the agreement with the Port of Salalah envisages close cooperation to facilitate growth in shipping, trade and commerce […]

Bank Muscat to open Office in Iran

By John Lee. Bank Muscat has issued a statement saying that it is in the process of establishing a representative office in Iran. “We will ensure full compliance with all local and international regulatory requirements. We will inform the market once all regulatory approvals are in place,” the bank said. According to Reuters, the announcement […]