Omani-Iranian Business Council discusses ways to boost bilateral cooperation
Muscat: The Omani-Iranian Business Council today held a video conference during which it discussed means of enhancing cooperation between the Sultanate of Oman and the Islamic Republic of Iran.
At the meeting, Oman was chaired by Mohammed Abdul Hussein Baqer and while the Iranian side was headed by Jamal Razeqi.
The two sides discussed the progress made in establishing a joint electronic platform scheduled to be launched in the near future. The platform is envisaged to facilitate commercial operations and provide innovative solutions that contribute to the acceleration of procedures. They also considered ways to allocate spaces in Oman for Iranian companies specialized in innovation and knowledge-based businesses.
The meeting looked into ways of enhancing cooperation in pharmaceutical, health and food production sectors, in addition to discussing the possibility of supporting the operation of a direct shipping line between the two countries.
© Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
2 days ago
- Gulf Today
Sharjah launches proactive plan for 5,600 trips during Eid Al Adha holiday
The Sharjah Roads and Transport Authority (SRTA) has put together a special plan for the upcoming Eid Al Adha holiday. This initiative is aimed at making sure travellers can enjoy comfortable and safe transportation as they celebrate the Eid. With an increase in people wanting to travel during this festive time, the SRTA is stepping up its services to ensure everyone can move smoothly between different areas in Sharjah and beyond. Engineer Yousef Khamis Al Othmani, the head of the SRTA, highlighted the importance of being well-prepared during holidays. He noted that during the Eid holiday in 2025, which runs from June 5 to 8, there will be a noticeable rise in public transport users. To handle this, the SRTA has made plans to operate 180 buses on various routes, aiming to complete around 5,600 trips over the four days. During peak times, buses will come every 5 minutes instead of the usual 45-minute wait. This means shorter waiting times and more convenience for everyone traveling. The authority is committed to making travel easy for people visiting family or exploring popular destinations, both within the emirate and outside it. They are also increasing staff at busy bus stations, especially the Jubail Bus Station, which will be open from early morning until late at night to accommodate the larger number of passengers expected during this busy holiday. The Authority has improved bus services in Sharjah City for the Eid holiday, making travel easier for everyone. They are running a total of 1,144 bus trips each day across 12 different routes, using 104 buses that connect to 543 stops around the city. During the Eid Al Adha holiday, there will be a special boat service operating between Sharjah and Dubai. Abdul Aziz Al Jarwan, who is in charge of transport at the local authority, announced that there will be four daily trips. These boats will leave from the Aquarium Station in Sharjah and arrive at Al Ghubaiba Station in Dubai, working together with Dubai's Roads and Transport Authority. Al Jarwan shared that the Authority is working closely with the Omani transport company, Mwasalat, to run international route 203. This route connects Sharjah with Muscat, the capital of Oman, and offers two flights each day. This service is expected to encourage tourism between the two countries, especially during the Eid holidays. Passengers can board at Jubail station and travel to Al Athaiba station, making stops along the way. Tickets can be purchased online through Mwasalat Oman's website or at their service points. WAM
Sharjah 24
2 days ago
- Sharjah 24
SRTA launches proactive plan for 5600 trips during Eid
Engineer Yousef Khamis Al Othmani, the head of the SRTA, highlighted the importance of being well-prepared during holidays. He noted that during the Eid al-Adha holiday in 2025, which runs from June 5 to 8, there will be a noticeable rise in public transport users. To handle this, the SRTA has made plans to operate 180 buses on various routes, aiming to complete around 5,600 trips over the four days. During peak times, buses will come every 5 minutes instead of the usual 45-minute wait. This means shorter waiting times and more convenience for everyone traveling. The authority is committed to making travel easy for people visiting family or exploring popular destinations, both within the emirate and outside it. They are also increasing staff at busy bus stations, especially the Jubail Bus Station, which will be open from early morning until late at night to accommodate the larger number of passengers expected during this busy holiday. Regular comprehensive trips The Authority has improved bus services in Sharjah City for the Eid holiday, making travel easier for everyone. They are running a total of 1,144 bus trips each day across 12 different routes, using 104 buses that connect to 543 stops around the city. Al-Othmani pointed out that these efforts are part of a plan to create a well-rounded public transport system that meets the growing need for travel during busy times like holidays. He noted that Route 22 will not be in service during the Eid holiday because the Souq Al Haraj market is closed. To make things easier for passengers, they have made some changes, including quicker arrival times and more ticket sales points at bus stations and inside buses, to minimize delays and crowding. To manage passenger flow, especially at the Jubail station, the teams have stepped up their preparations. They have increased the number of staff on duty and are providing the necessary support to ensure smooth operations. They are also allowing people to book bus tickets in advance and are keeping a close eye on how things are running to maintain a high level of service. Maritime transport During the Eid Al Adha holiday, there will be a special boat service operating between Sharjah and Dubai. Abdul Aziz Al Jarwan, who is in charge of transport at the local authority, announced that there will be four daily trips. These boats will leave from the Aquarium Station in Sharjah and arrive at Al Ghubaiba Station in Dubai, working together with Dubai's Roads and Transport Authority. The trips will run from 2:00 PM to 9:00 PM, with a boat leaving every two hours. Each journey will take about 35 minutes. Passengers are encouraged to arrive at the station at least 15 minutes before their departure to ensure a smooth boarding process. This service is designed to provide more transportation options for everyone and help connect different types of transport. Promoting tourism Al Jarwan shared that the Authority is working closely with the Omani transport company, Mwasalat, to run international route 203. This route connects Sharjah with Muscat, the capital of Oman, and offers two flights each day. This service is expected to encourage tourism between the two countries, especially during the Eid holidays. Passengers can board at Jubail station and travel to Al Athaiba station, making stops along the way. Tickets can be purchased online through Mwasalat Oman's website or at their service points. Public engagement Al Jarwan mentioned that during the Eid holiday, a special call center will be available 24 hours a day to help people book taxis. This includes different types of vehicles like regular taxis, family-sized cars, options for women, vehicles for those with special needs, and electric cars. You can make reservations by phone, through a smartphone app, or by visiting a website. The call center keeps an eye on all the bookings to make sure taxis arrive as fast as possible. It also welcomes feedback from the public regarding bus and taxi services, helps with reports of lost bags, and answers questions about the services offered across the emirate, including Sharjah City and other regions. He highlighted that the call center plays a vital role in connecting with the community, gathering and analyzing feedback to improve services in the future.
Arabian Post
4 days ago
- Arabian Post
Oil Prices Rise on OPEC+ Supply Restraint and Geopolitical Tensions
Arabian Post Staff -Dubai Oil prices strengthened sharply as OPEC+ agreed to a modest increase in production, falling short of some market expectations, while escalating geopolitical tensions in Ukraine and Iran added further upward pressure. West Texas Intermediate crude futures climbed 2.8%, settling near $63 per barrel, reflecting a cautious market balancing supply concerns against demand uncertainties. The Organisation of the Petroleum Exporting Countries and its allies approved a production boost of 411,000 barrels per day for July, a figure that surprised some analysts who anticipated a larger output increase. This decision followed extensive negotiations marked by dissent from several members, including Russia, which has historically played a pivotal role in the alliance's supply management. The group's choice to limit production growth indicates a strategic effort to maintain price support amid a volatile global economic outlook. ADVERTISEMENT Within the alliance, certain countries advocated for a pause in the output hike, citing lingering uncertainties in global demand recovery and concerns over market oversupply. This internal division has led financial institutions to offer contrasting forecasts on OPEC+ policy direction for the coming months. Some banks now expect additional gradual supply increases to ease pressure on energy markets, while others warn of a more restrained approach to sustain price levels. Market participants are also closely monitoring the geopolitical landscape, which has become a significant factor influencing oil prices. The conflict in Ukraine continues to disrupt supply chains and has led to concerns over potential shortages in European energy markets. The war has prompted a reconfiguration of energy trade flows, with European countries seeking alternatives to Russian crude and refined products amid sanctions and supply restrictions. Meanwhile, escalating tensions surrounding Iran's nuclear programme and regional activities have heightened fears of disruptions in the Middle East, a region critical to global oil supply. The possibility of renewed sanctions or military confrontation has contributed to risk premiums embedded in crude prices. Iranian officials have issued statements warning against external interference, further adding to the geopolitical uncertainties that traders are factoring into their decisions. The market's response to these developments reflects a complex interplay between supply management by OPEC+ and external geopolitical risks. While the alliance's measured increase in output signals a cautious optimism about demand recovery, the persistent threats to supply continuity underscore the fragility of the current energy market balance. This dynamic has led to increased volatility in oil prices as traders weigh the prospects of tighter supply against potential disruptions. Analysts note that global oil inventories remain a critical indicator of market health. Recent data show stocks in key consuming regions have fluctuated, influenced by varying rates of economic activity and shifts in fuel consumption patterns. The International Energy Agency has highlighted that while demand has strengthened, it faces headwinds from inflationary pressures and a slower-than-expected economic rebound in several major economies. ADVERTISEMENT Energy firms and investors are responding to the evolving scenario by adjusting their strategies. Some producers are exercising caution in ramping up output, mindful of price swings and regulatory challenges. Investment in exploration and production continues to be scrutinised in light of global energy transition policies and commitments to reduce carbon emissions, factors that could constrain long-term supply growth. The global energy market is also observing shifts in trade flows as refiners and consumers adapt to changing supply sources. Countries in Asia and Europe are recalibrating their crude procurement strategies to mitigate risks and capitalise on price movements. This realignment is creating new patterns of demand that could influence OPEC+ decisions and broader market trends going forward. Despite these complexities, market analysts caution that the oil market remains sensitive to any significant geopolitical escalation or unexpected shifts in production policies. The interplay between supply discipline by producing nations and geopolitical developments will continue to be key drivers of price direction. The potential for further volatility remains high as global economic conditions evolve and political uncertainties persist. Financial institutions remain divided on how aggressively OPEC+ will pursue production hikes in the coming months. Some expect a gradual easing of supply constraints if demand shows sustained improvement, while others predict continued restraint to maintain price support amid ongoing global uncertainties.
