Qatar Emir's visit to Oman on Tuesday to strengthen ties
Muscat – The Sultanate of Oman and the State of Qatar continue to strengthen bilateral relations, focusing on expanding cooperation in trade, investment and cultural ties for mutual benefit.
On Tuesday, Sheikh Tamim bin Hamad al Thani, Emir of Qatar, will arrive in Oman for a state visit, marking an important moment in the history of Oman-Qatar relations. To be hosted at Al Alam Palace, the visit underscores the commitment of both nations to deepen partnership and explore new avenues of collaboration.
Trade between Oman and Qatar has grown steadily with data from National Centre for Statistics and Information showing bilateral trade reached RO1.113bn in 2023. Of this, RO284.7mn were Omani exports to Qatar, while imports from Qatar stood at RO828.6mn. In 2024 by November, trade volume had reached approximately RO950.8mn, including RO205.9mn in Omani exports and RO754.9mn in imports from Qatar. H E Sayyid Ammar bin Abdullah al Busaidi, Oman's Ambassador to Qatar
Qatari investments in Oman have also seen a notable increase, rising 12% to RO730mn at the end of 2023, compared to RO651.9mn in 2022.
H E Sayyid Ammar bin Abdullah al Busaidi, Oman's Ambassador to Qatar, described the emir's visit as a vital step in reinforcing the long-standing relations between the two countries. 'This visit will enhance cooperation across political, economic and cultural sectors, further cementing our partnership,' he said.
H E Busaidi highlighted Oman-Qatar Businessmen Council's role in fostering trade relations. Operating under Oman Chamber of Commerce and Industry and Qatar Chamber of Commerce and Industry, the council facilitates trade delegations, joint exhibitions and investment opportunities, serving as a key driver of economic collaboration.
The growing partnership between Oman and Qatar reflects their shared vision to promote development and prosperity for their peoples, with both nations committed to exploring broader horizons for cooperation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Times of Oman
7 hours ago
- Times of Oman
Iran announces withdrawal from 6th round of talks with US
Muscat: Iran has announced its withdrawal from the sixth round of nuclear negotiations with the United States, which was scheduled to take place on Sunday, June 15, 2025 in Muscat, Oman. Oman News Agency and Iranian state television reported that the talks have been suspended until further notice, the diplomatic efforts that aimed at restricting Iran's nuclear program. The decision follows recent Israeli airstrikes in Iran. The cancelled session was expected to address disagreements over uranium enrichment limits and U.S. sanctions relief.
Times of Oman
12 hours ago
- Times of Oman
Oman strongly condemns Israel attack against Iran
Muscat: The Sultanate of Oman strongly condemned the heinous military aggression carried out by Israel against the Islamic Republic of Iran, an attack that targeted sovereign facilities and caused civilian casualties. Oman considers this act a dangerous, reckless escalation, representing a flagrant violation of the United Nations Charter, the principles of international law. Such aggressive, persistent behaviour is unacceptable and further destabilizes the regional peace and security. Such conduct threatens to marginalize diplomatic solutions and undermine regional security and stability, said Oman. The Sultanate of Oman holds Israel responsible for this escalation and its consequences, and calls upon the international community to adopt a firm and unequivocal stance to halt this dangerous course of action.
Observer
16 hours ago
- Observer
Capital markets key to Oman Vision 2040
MUSCAT: A key conference spotlighting Oman's Capital Market opened here yesterday, Thursday, June 12, under the auspices of Dr Said bin Mohammed al Saqri, Minister of Economy. The 'Oman Capital Market' conference was organised by the Gulf Cooperation Market Association (GCMA) in collaboration with Muscat Stock Exchange (MSX), and financial firm State Street. In his opening remarks, Faisal al Nabhani, Managing Director and Country Lead of Oman and Qatar - State Street, highlighted the significance of the conference. "As the GCC continues to attract global clients, talent, and innovation, the role of capital markets becomes ever more critical. From renewable energy and logistics to the data economy, the GCC is poised to lead in the industries of tomorrow. Capital markets will be an enabler, enhancing liquidity, improving resource allocation, and accelerating the transition to a more diversified and resilient economic model,' he shared. Al Nabhani further added: "(This conference) is a platform to share insights, explore opportunities, and shape the future of capital markets individually.' Haitham bin Salem al Salmi, CEO – MSX, speaking at the conference Haitham bin Salem al Salmi, Chief Executive Officer of MSX, highlighted the significant role capital markets play in actualising Oman Vision 2040, '(Oman) is (moving) towards a more diversified economy. (The government is) more focused on raising direct foreign investments in Oman and, of course, partnering with the private sector. With these three main pillars, we understand that the capital market is the right venue for such partnerships and for initiatives that will support Oman Vision 2040.' He added that recent IPO activity signalled a growing momentum in the market. 'With a clear pipeline from the government to divest — having five major divestments and IPOs in the country — that has created a market cap that touched RO 28.40 billion currently. This has been a key driver, bringing more activity, with trading values close to RO 700 million from the new IPOs alone. We believe that we have (demonstrated) a major impact and clear proof that Oman's capital market is well-equipped to absorb opportunities, finance projects and provide exit tools for investors as well,' he shared. The one-day conference also included addresses on local, regional and global economics, along with an overview of the current landscape. Additionally, it included three main panel discussions highlighting topics such as the future vision of Oman's Capital Market, debt finance for Omani companies, and opportunities within a regional capital market.
