Latest news with #Omani-Russian
Zawya
23-04-2025
- Business
- Zawya
Oman-Russian relations witness qualitative leap: Commerce minister
Muscat: Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, affirmed that the visit of His Majesty Sultan Haitham bin Tarik to the Russian Federation underscores the importance of the bilateral relations between the two friendly nations. These relations are built on foundations of mutual respect and understanding, explained the minister. In a statement to the Oman News Agency (ONA), he emphasised that relations between the two countries have seen remarkable development over the years, reflected in the growth of cooperation and the diversification of its fields. This embodies the shared desire to strengthen partnership ties and expand their scope to include more diverse and innovative horizons, he added. He noted that Omani-Russian relations have undergone a qualitative leap in recent years, culminating in Oman's participation as a guest of honor at the 2023 St. Petersburg International Economic Forum—a historic milestone that provided a vital platform to showcase Oman's economic and cultural strengths. The event facilitated high-level meetings with Russian institutions and companies, further enhancing cooperation across various sectors. Al Yousef added that any discussion of Omani-Russian relations must acknowledge the cultural dimension, which serves as a crucial bridge between the two peoples. He said: 'This aspect is rooted in knowledge and artistic exchange, as well as mutual participation in cultural events and international exhibitions. Such cooperation reflects the depth of both nations' civilizational heritage, fosters human understanding, and strengthens dialogue between institutions and societies'. He pointed out that the Russian Federation is a key strategic partner for Oman, and the Ministry of Commerce, Industry and Investment Promotion is committed to building on this shared legacy. He stressed that this historic visit marks a pivotal milestone in bilateral cooperation, opening new avenues to elevate economic relations to more integrated levels. This, said the minister, will be achieved by activating partnerships in priority sectors such as industry, logistics, tourism, food security, energy, modern technologies, and manufacturing. He reiterated Oman's commitment to deepening cooperation in innovation and technical knowledge exchange to enhance competitiveness and achieve sustainable growth. The visit, he explained, crowns continuous efforts at both governmental and private-sector levels, with several agreements and memoranda of understanding signed. These include an Economic and Technical Cooperation Protocol, the establishment of a Joint Economic Committee, and MoUs on climate change, low-carbon development, transport, and transit. These agreements strengthen the institutional framework for cooperation and provide real platforms for the private sector to capitalize on investment opportunities in both countries. In light of global economic challenges, he reaffirmed Oman's commitment to fostering an attractive and secure investment environment that supports entrepreneurship, boosts trade exchange, and achieves balanced economic growth. Concluding his remarks, Qais Mohammed Al Yousef expressed confidence that this auspicious visit will herald a new phase of close cooperation, reinforcing Oman's position as a promising investment destination and a reliable international partner under the wise leadership of His Majesty the Sultan. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
22-04-2025
- Business
- Times of Oman
Omani-Russian relations witness qualitative leap, says Commerce Minister
Muscat: Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, affirmed that the visit of His Majesty Sultan Haitham bin Tarik to the Russian Federation underscores the importance of the bilateral relations between the two friendly nations. These relations are built on foundations of mutual respect and understanding, explained the minister. In a statement to the Oman News Agency (ONA), he emphasized that relations between the two countries have seen remarkable development over the years, reflected in the growth of cooperation and the diversification of its fields. This embodies the shared desire to strengthen partnership ties and expand their scope to include more diverse and innovative horizons, he added. He noted that Omani-Russian relations have undergone a qualitative leap in recent years, culminating in Oman's participation as a guest of honor at the 2023 St. Petersburg International Economic Forum—a historic milestone that provided a vital platform to showcase Oman's economic and cultural strengths. The event facilitated high-level meetings with Russian institutions and companies, further enhancing cooperation across various sectors. Al Yousef added that any discussion of Omani-Russian relations must acknowledge the cultural dimension, which serves as a crucial bridge between the two peoples. He said: 'This aspect is rooted in knowledge and artistic exchange, as well as mutual participation in cultural events and international exhibitions. Such cooperation reflects the depth of both nations' civilizational heritage, fosters human understanding, and strengthens dialogue between institutions and societies'. He pointed out that the Russian Federation is a key strategic partner for Oman, and the Ministry of Commerce, Industry and Investment Promotion is committed to building on this shared legacy. He stressed that this historic visit marks a pivotal milestone in bilateral cooperation, opening new avenues to elevate economic relations to more integrated levels. This, said the minister, will be achieved by activating partnerships in priority sectors such as industry, logistics, tourism, food security, energy, modern technologies, and manufacturing. He reiterated Oman's commitment to deepening cooperation in innovation and technical knowledge exchange to enhance competitiveness and achieve sustainable growth. The visit, he explained, crowns continuous efforts at both governmental and private-sector levels, with several agreements and memoranda of understanding signed. These include an Economic and Technical Cooperation Protocol, the establishment of a Joint Economic Committee, and MoUs on climate change, low-carbon development, transport, and transit. These agreements strengthen the institutional framework for cooperation and provide real platforms for the private sector to capitalize on investment opportunities in both countries. In light of global economic challenges, he reaffirmed Oman's commitment to fostering an attractive and secure investment environment that supports entrepreneurship, boosts trade exchange, and achieves balanced economic growth. Concluding his remarks, Qais Mohammed Al Yousef expressed confidence that this auspicious visit will herald a new phase of close cooperation, reinforcing Oman's position as a promising investment destination and a reliable international partner under the wise leadership of His Majesty the Sultan.
Times of Oman
22-04-2025
- Business
- Times of Oman
Oman-Russian relations witness qualitative leap: Commerce minister
Muscat: Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, affirmed that the visit of His Majesty Sultan Haitham bin Tarik to the Russian Federation underscores the importance of the bilateral relations between the two friendly nations. These relations are built on foundations of mutual respect and understanding, explained the minister. In a statement to the Oman News Agency (ONA), he emphasised that relations between the two countries have seen remarkable development over the years, reflected in the growth of cooperation and the diversification of its fields. This embodies the shared desire to strengthen partnership ties and expand their scope to include more diverse and innovative horizons, he added. He noted that Omani-Russian relations have undergone a qualitative leap in recent years, culminating in Oman's participation as a guest of honor at the 2023 St. Petersburg International Economic Forum—a historic milestone that provided a vital platform to showcase Oman's economic and cultural strengths. The event facilitated high-level meetings with Russian institutions and companies, further enhancing cooperation across various sectors. Al Yousef added that any discussion of Omani-Russian relations must acknowledge the cultural dimension, which serves as a crucial bridge between the two peoples. He said: 'This aspect is rooted in knowledge and artistic exchange, as well as mutual participation in cultural events and international exhibitions. Such cooperation reflects the depth of both nations' civilizational heritage, fosters human understanding, and strengthens dialogue between institutions and societies'. He pointed out that the Russian Federation is a key strategic partner for Oman, and the Ministry of Commerce, Industry and Investment Promotion is committed to building on this shared legacy. He stressed that this historic visit marks a pivotal milestone in bilateral cooperation, opening new avenues to elevate economic relations to more integrated levels. This, said the minister, will be achieved by activating partnerships in priority sectors such as industry, logistics, tourism, food security, energy, modern technologies, and manufacturing. He reiterated Oman's commitment to deepening cooperation in innovation and technical knowledge exchange to enhance competitiveness and achieve sustainable growth. The visit, he explained, crowns continuous efforts at both governmental and private-sector levels, with several agreements and memoranda of understanding signed. These include an Economic and Technical Cooperation Protocol, the establishment of a Joint Economic Committee, and MoUs on climate change, low-carbon development, transport, and transit. These agreements strengthen the institutional framework for cooperation and provide real platforms for the private sector to capitalize on investment opportunities in both countries. In light of global economic challenges, he reaffirmed Oman's commitment to fostering an attractive and secure investment environment that supports entrepreneurship, boosts trade exchange, and achieves balanced economic growth. Concluding his remarks, Qais Mohammed Al Yousef expressed confidence that this auspicious visit will herald a new phase of close cooperation, reinforcing Oman's position as a promising investment destination and a reliable international partner under the wise leadership of His Majesty the Sultan.
Zawya
22-04-2025
- Business
- Zawya
Economic cooperation anchors Oman-Russia partnership
The diplomatic relationship between Oman and Russia has been characterised by mutual respect and cooperation since its establishment. And as both nations celebrate their 40th anniversary of diplomatic ties, His Majesty Sultan Haitham bin Tarik's state visit to Russia marks a significant milestone in enhancing bilateral relations. The visit is particularly noteworthy as it represents the first time an Omani Sultan has officially visited the Russian Federation. This high-level engagement underscores both countries' commitment to deepening their strategic partnership across various economic, cultural and educational sectors. Trade relations between Oman and Russia have seen substantial growth in recent years. By the end of 2024, the trade volume reached approximately RO 133.108 million, with Oman exporting metal products and fertilisers while importing food items and machinery from Russia. The visit comes at a time of growing engagement between the private sectors of Oman and Russia through meetings and events, including Oman's participation as a guest of honour at the 27th St Petersburg International Economic Forum and activities of the Omani-Russian Business Council. Economic collaboration has become a cornerstone of Omani-Russian relations. The establishment of joint ventures and special economic zones in Oman aims to attract Russian investments, further solidifying economic ties. Oman's strategic location, with access to open seas and year-round navigable warm waters, provides Russia with an ideal opportunity to export its products through Omani ports, which are close to emerging markets in Asia, Africa and the Gulf Cooperation Council (GCC) countries. The promising cooperation opportunities exist in food security, including the potential establishment of large wheat and grain silos in Oman for export to regional and international markets. Other investment opportunities lie in technology, petrochemicals and tourism, with Russia being a promising tourism market. In regard to cultural ties, Oman and Russia have been strengthening them through various initiatives. The establishment of partnerships between major museums in both countries facilitates cultural diplomacy. For instance, exhibitions showcasing Omani heritage have been held at prominent Russian institutions. This cultural exchange not only promotes mutual understanding, but also attracts tourism from both nations. His Majesty's visit to Russia signifies a pivotal moment in Oman-Russia relations, reflecting a shared vision for enhanced cooperation across multiple domains. This visit is expected to lay the groundwork for future collaborations that will benefit both nations economically and culturally. Diplomatic relations between Oman and Russia were established in 1985, but the ties have deepened significantly. Politically, both nations share common views on several regional issues, including the conflicts in Syria and Yemen. Oman's unique position as a mediator allows it to facilitate dialogue among conflicting parties, which aligns well with Russia's diplomatic goals. High-level visits between officials from both countries have increased frequently, enhancing mutual trust and cooperation on security matters. As both nations navigate an increasingly complex global landscape, their collaboration is set to deepen further. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
21-04-2025
- Business
- Observer
Economic cooperation anchors Oman-Russia partnership
The diplomatic relationship between Oman and Russia has been characterised by mutual respect and cooperation since its establishment. And as both nations celebrate their 40th anniversary of diplomatic ties, His Majesty Sultan Haitham bin Tarik's state visit to Russia marks a significant milestone in enhancing bilateral relations. The visit is particularly noteworthy as it represents the first time an Omani Sultan has officially visited the Russian Federation. This high-level engagement underscores both countries' commitment to deepening their strategic partnership across various economic, cultural and educational sectors. Trade relations between Oman and Russia have seen substantial growth in recent years. By the end of 2024, the trade volume reached approximately RO 133.108 million, with Oman exporting metal products and fertilisers while importing food items and machinery from Russia. The visit comes at a time of growing engagement between the private sectors of Oman and Russia through meetings and events, including Oman's participation as a guest of honour at the 27th St Petersburg International Economic Forum and activities of the Omani-Russian Business Council. Economic collaboration has become a cornerstone of Omani-Russian relations. The establishment of joint ventures and special economic zones in Oman aims to attract Russian investments, further solidifying economic ties. Oman's strategic location, with access to open seas and year-round navigable warm waters, provides Russia with an ideal opportunity to export its products through Omani ports, which are close to emerging markets in Asia, Africa and the Gulf Cooperation Council (GCC) countries. The promising cooperation opportunities exist in food security, including the potential establishment of large wheat and grain silos in Oman for export to regional and international markets. Other investment opportunities lie in technology, petrochemicals and tourism, with Russia being a promising tourism market. In regard to cultural ties, Oman and Russia have been strengthening them through various initiatives. The establishment of partnerships between major museums in both countries facilitates cultural diplomacy. For instance, exhibitions showcasing Omani heritage have been held at prominent Russian institutions. This cultural exchange not only promotes mutual understanding, but also attracts tourism from both nations. His Majesty's visit to Russia signifies a pivotal moment in Oman-Russia relations, reflecting a shared vision for enhanced cooperation across multiple domains. This visit is expected to lay the groundwork for future collaborations that will benefit both nations economically and culturally. Diplomatic relations between Oman and Russia were established in 1985, but the ties have deepened significantly. Politically, both nations share common views on several regional issues, including the conflicts in Syria and Yemen. Oman's unique position as a mediator allows it to facilitate dialogue among conflicting parties, which aligns well with Russia's diplomatic goals. High-level visits between officials from both countries have increased frequently, enhancing mutual trust and cooperation on security matters. As both nations navigate an increasingly complex global landscape, their collaboration is set to deepen further.
