Iran, Oman determined to boost trade ties
Iran shares borders with fifteen countries, namely the United Arab Emirates (UAE), Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan, Kuwait, Qatar, Kazakhstan, Armenia, Bahrain, and Saudi Arabia. Expansion of trade with these neighbors, specially increasing non-oil exports to them, is one of the major plans that the Iranian government is now pursuing.
Expansion of trade with these neighbors, specially increasing non-oil exports to them, is one of the major plans that the Iranian government is now pursuing.
Among the mentioned countries, Oman is one that the Islamic Republic has attached priority in this due, as the two neighbors enjoy an old history of good political and economic relations as well as many religious and cultural commonalities.
Iran, Oman determined to boost trade ties
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“The war of hunger … scares me more than the war of cannons”: As inflation soars, Syria’s economy spirals downward
“The war of hunger … scares me more than the war of cannons”: As inflation soars, Syria’s economy spirals downward
March 15, 2021 Share
As the Syrian conflict reaches its 10-year anniversary, the economic consequences of a decade of war have been nothing less than catastrophic. Instability and inflation are likely to remain major problems over next 10 years and possibly well beyond but for now they have created a new level of despair in government-held areas.
The Syrian economy has entered its most fragile phase yet and the prospects of a serious recovery remain all but a distant hope as the fiscal challenges confronting the country far outweigh the meagre remedies on offer. The exchange rate of the Syrian pound has skyrocketed to an estimated 4,250 SYP to the U.S. dollar a more than eighty-fold rise from the pre-war
Commodities worth $174m exported to Oman in 8 months
Iran has exported products worth $174 million to Oman during the first eight months of the current Iranian calendar year (March 20-November 20, 2020), according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).
The IRICA data indicate that steel and related products accounted for over 35 percent of the exports during the mentioned time span.
In January 2020, Iran’s Trade Promotion Organization (TPO) held the first meeting of its Commodity-Country Desk on trade with Oman presided by Farzad Piltan, the director-general of TPO’s Office of Arabian and African Countries.
The meeting was aimed at investigating the ways for increasing exports of constructional materials to Oman and removing the barriers related to transporting these materials to the Arab country, and was participated by the related state-run and private sector officials including representatives of some exporting and marine trans
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