INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Iran-Oman trade reaches a record $1.3b: Envoy

Iran’s ambassador to Oman Ali Najafi said on Friday that Iran-Oman trade has reached a record 1.3 billion dollars.
  • Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth 716 million dollars
  • Ambassador revealed that among Iran’s neighboring countries Oman ranks 6th in importing goods from Iran

Iran’s ambassador to Oman Ali Najafi said on Friday that Iran-Oman trade has reached a record 1.3 billion dollars.

Ali Najafi said that during the last Iranian year which ended on March 20  Iran’s exports to Oman were worth 716 million dollars, while imports from Oman were worth 619 million dollars, the highest record in the two countries’ trade exchanges.

The Iranian diplomat said that despite the US sanctions and the limitations due to the COVID-19  pandemic Iran is now witnessing a 100 percent rise in bilateral trade volume with Oman.

“Friendly and neighborly ties between Iran and Oman have paved the path for evermore expansion of economic and business transactions,” he added.

Ambassador Najafi further noted that among Iran’s neighboring countries Oman ranks 6th in importing goods from Iran and among the Persian Gulf littoral countries it is currently the  second country.