INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.