Latest news with #AdhamTurkiAlSaid
Zawya
a day ago
- Business
- Zawya
Oman: Shura Council committee holds discussion on Oman's business environment
Muscat: The Economic and Financial Committee of the Shura Council hosted HH Dr Adham Turki Al Said, Chairman of the Economic Committee at the Oman Chamber of Commerce and Industry (OCCI), and a number of specialists from the Chamber. The meeting was part of the Committee's ongoing study of a proposal concerning the competitiveness and attractiveness of Oman's business environment, aimed at supporting economic development efforts and enhancing the investment climate in alignment with Oman Vision 2040. The meeting took place during the Committee's 13th session of the second annual convening (2024–2025) of the Council's tenth term, chaired by Ahmed Said Al Sharqi, head of the Committee, with the attendance of other committee members. Discussions were held on the readiness of Oman's business and investment environment, and the key factors affecting its competitiveness and attractiveness. The Committee also reviewed OCCI's views on the Foreign Capital Investment Law (50/2019) post its -implementation, as well as the adequacy of current incentives and facilities provided to overcome obstacles facing investors. The meeting explored the role of the Chamber in assessing Oman's business climate, highlighting recent studies and their findings on the competitiveness and appeal of Oman as an investment destination. Key challenges were addressed, along with potential solutions and recommendations aimed at enhancing Oman's global business standing. The members stressed the importance of improving the innovation and entrepreneurship environment by supporting start-ups and facilitating their expansion into international markets. They also emphasized the need for effective international promotion of Oman's investment opportunities through organized marketing campaigns, and underlined the strategic importance of economic diversification, particularly by empowering sectors such as tourism and the digital economy.
Times of Oman
2 days ago
- Business
- Times of Oman
Shura Council committee holds discussion on Oman's business environment
Muscat: The Economic and Financial Committee of the Shura Council hosted HH Dr Adham Turki Al Said, Chairman of the Economic Committee at the Oman Chamber of Commerce and Industry (OCCI), and a number of specialists from the Chamber. The meeting was part of the Committee's ongoing study of a proposal concerning the competitiveness and attractiveness of Oman's business environment, aimed at supporting economic development efforts and enhancing the investment climate in alignment with Oman Vision 2040. The meeting took place during the Committee's 13th session of the second annual convening (2024–2025) of the Council's tenth term, chaired by Ahmed Said Al Sharqi, head of the Committee, with the attendance of other committee members. Discussions were held on the readiness of Oman's business and investment environment, and the key factors affecting its competitiveness and attractiveness. The Committee also reviewed OCCI's views on the Foreign Capital Investment Law (50/2019) post its -implementation, as well as the adequacy of current incentives and facilities provided to overcome obstacles facing investors. The meeting explored the role of the Chamber in assessing Oman's business climate, highlighting recent studies and their findings on the competitiveness and appeal of Oman as an investment destination. Key challenges were addressed, along with potential solutions and recommendations aimed at enhancing Oman's global business standing. The members stressed the importance of improving the innovation and entrepreneurship environment by supporting start-ups and facilitating their expansion into international markets. They also emphasized the need for effective international promotion of Oman's investment opportunities through organized marketing campaigns, and underlined the strategic importance of economic diversification, particularly by empowering sectors such as tourism and the digital economy.
Times of Oman
16-04-2025
- Business
- Times of Oman
OCCI hosts workshop on US tariffs, impact on Omani exports
Muscat: Oman Chamber of Commerce and Industry (OCCI) on Wednesday organised a virtual workshop titled "US Tariffs and their Impact on Omani Exports." The workshop studied the potential impacts of the US tariffs on Omani exporting companies and the national economy at large. The workshop focused on proposed mechanisms for dealing with the US decision on tariffs and the measures that Omani establishments and companies can take to mitigate any related negative impacts. It also considered strategies for maintaining the competitiveness of Omani products in US and global markets. HH Sayyid Dr. Adham Turki Al Said, Chairman of OCCI Economic Committee, said that imposing a global customs tariff of a certain percentage on goods exported to the United States poses a new challenge to the Omani economy, notably with regard to commercial exchange. For his part, Saud Ahmed Al Nahari, member of the Board of Directors of the OCCI, said, 'The workshop is part of the Chamber's efforts to keep pace with developments in global trade policies. It also explores ways to help Omani companies prepare for any potential impacts, given the fact that the new US tariffs may pose challenges to Omani exporters.' For her part, Emmee Haun, Managing Partner of Oman Trade Office in the United States, said, 'continuous benefiting from the free trade agreement (FTA) between the Sultanate of Oman and the United States gives Omani exports a margin of competitiveness and constitutes an important factor in mitigating the effects of the new customs tariffs.' Michael Ford, CEO of Tradebridge Consulting, stressed the importance of Omani enterprises' monitoring developments in customs tariffs, verifying customs tariff codes and the country of origin, to ensure maximum gains from the exemptions and incentives available under the FTA.
