Latest news with #QaisMohammedAlYousef
Times of Oman
5 days ago
- Business
- Times of Oman
Oman, Bahrain explore strengthening industrial partnership
Muscat: Qais Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion, today received Abdulla Adel Fakhro, Minister of Industry and Commerce of the Kingdom of Bahrain. The two sides discussed ways to enhance collaboration between Omani and Bahraini factories by leveraging available production inputs in both countries. They also explored joint promotion of industrial products to attract foreign investments and enhance the competitiveness of national industries in regional and international markets. Both ministers emphasized the importance of implementing memorandums of understanding signed between the two nations, which were among the outcomes of the historic visit of King Hamad bin Isa Al Khalifa of the Kingdom of Bahrain to the Sultanate of Oman in January 2025. They also stressed the need to build on existing agreements to further develop industrial and trade cooperation. The meeting was attended by Pankaj Khimji, Advisor for Foreign Trade and International Cooperation at the Ministry of Commerce, Industry, and Investment Promotion, Dr. Jumaa Ahmed Al Kaabi, Bahrain's Ambassador to Oman, along with several officials from both sides.
Times of Oman
27-05-2025
- Business
- Times of Oman
Minister of commerce meets Governor of Central Bank of Iran
Muscat: Qais Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion, met on Tuesday with Mohammad Farzin, Governor of the Central Bank of the Islamic Republic of Iran. The meeting is within the framework of the official visit of President Dr. Masoud Pezeshkian of the Islamic Republic of Iran, aimed at strengthening economic and financial relations between the two countries. The discussions focused on enhancing bilateral cooperation in trade and investment, as well as facilitating financial transfers and trade procedures between the Sultanate of Oman and the Islamic Republic of Iran. These efforts aim to support shared economic objectives, boost trade exchange, and streamline commercial transactions between private sector institutions in both countries. The meeting reaffirmed both sides' commitment to continued coordination and collaboration in areas of mutual interest, further solidifying bilateral ties and supporting sustainable economic growth. The meeting was attended by Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry, and Investment Promotion for Commerce and Industry, Mousa Farhang, Ambassador of the Islamic Republic of Iran to the Sultanate of Oman, and several officials from both sides.
Times of Oman
25-05-2025
- Business
- Times of Oman
Oman, Qatar explore strengthening trade exchange
Muscat: Qais Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion, on Sunday received Dr. Ahmed bin Mohammed Al Sayed, Minister of State for Foreign Trade of the State of Qatar, at the "Invest Oman" lounge to discuss enhancing trade and investment exchange between the two countries. The meeting reviewed the growing economic relations between Oman and Qatar and explored ways to strengthen joint cooperation in commercial and investment fields. This aims to achieve mutual benefits and contribute to advancing economic development in both nations. During the visit, several visual presentations were delivered, including an overview of the Ministry of Commerce, Industry, and Investment Promotion's mandates, an introduction to the "Invest Oman" platform, and a showcase of the Ministry's strategic partnerships and overseas offices. Additionally, investment opportunities available through the Ministry of Housing and Urban Planning were highlighted. The Qatari delegation toured various sections of the "Invest Oman" lounge and examined the integrated services it provides to local and international investors. Designed as a unified window, the facility helps expedite procedures and offers an attractive, investment-friendly environment. The meeting also featured a detailed presentation on Oman's investment incentives, the "Investor Residency" program, and the facilities available in special economic zones and free zones, which serve as key pillars for attracting investors to Oman. The meeting was attended by Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry, and Investment Promotion for Commerce and Industry, Ibtisam Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Industry, and Investment Promotion for Investment Promotion, Sheikh Jassim Abdulrahman Al Thani, Qatar's Ambassador to Oman and several officials from both sides.
Times of Oman
23-04-2025
- Business
- Times of Oman
Commerce Minister discusses strengthening economic relations with US officials
Muscat: Qais Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion, met today in Muscat, with Bryant Trick, Assistant U.S. Trade Representative(AUSTR) forEurope and the Middle East and Jason Pontin, Director of European and Middle Eastern Affairs at the Office of the U.S. Trade Representative. The meeting aimed to enhance economic and trade relations between the Sultanate of Oman and the United States of America. During the meeting, discussions focused on ways to develop trade and investment cooperation between the two countries, as well as exploring promising opportunities across various sectors, in line with the priorities of Oman Vision 2040 and the economic diversification strategies of the Sultanate of Oman. The discussions also addressed ways to benefit from the free trade agreements between the two countries, mechanisms to facilitate trade, boost exports, and encourage high-value investments that enhance the competitiveness of the Omani market at both regional and international levels. Qais Al Yousef emphasized the depth of the Omani-American partnership and Oman's keenness to develop its trade relations with the United States. He welcomed increased engagement from the U.S. private sector in the Omani market and highlighted the investment advantages offered by the Sultanate of Oman. He also stressed the importance of continued dialogue to expand cooperation in trade and investment. This meeting is part of a series of bilateral engagements aimed at strengthening communication, exchanging expertise, and supporting sustainable economic partnerships that serve the mutual interests of both countries. The meeting was attended by Ana Escrogima, Ambassador of the United States of American to the Sultanate of Oman.
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. (
