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Times of Oman
28-05-2025
- Business
- Times of Oman
HM the Sultan, Iranian President emphasise fruitful role of private sector in both countries
Muscat: His Majesty Sultan Haitham bin Tarik and President Dr. Masoud Pezeshkian of the Islamic Republic of Iran, affirmed the positive and fruitful role undertaken by the private sector in both countries, expressing their hope that these activities would contribute to augmenting investments and trade exchange between them. They also expressed satisfaction with the level of political consultation and coordination between the two countries at various levels. This was stated in the joint communique issued on the occasion of the official visit of President Dr. Masoud Pezeshkian of the Islamic Republic of Iran to the Sultanate of Oman on 27-28 May. The following is the full text: 'In response to an invitation from His Majesty Sultan Haitham bin Tarik, President Dr. Masoud Pezeshkian of the Islamic Republic of Iran paid an official visit to the Sultanate of Oman on Tuesday and Wednesday, 27-28 May 2025. This visit stems from the deep-rooted historical ties between the Sultanate of Oman and the Islamic Republic of Iran, as well as between their friendly peoples. The visit aimed to strengthen bilateral relations and reaffirm the mutual respect and appreciation between the leaderships and peoples of both countries, which are grounded in the principles of religion, fraternity, and good neighborliness. An official session of talks was held between His Majesty Sultan Haitham bin Tarik, Sultan of Oman and President Dr. Masoud Pezeshkian of the Islamic Republic of Iran. They reviewed prospects for joint cooperation and bilateral relations, particularly in economic and investment cooperation across various fields, as well as coordination on matters that serve the interests of both countries and benefit their peoples. They expressed satisfaction with the existing level of cooperation and emphasised the need to further enhance it by exploring new avenues of economic partnership. The two leaders also appreciated the progress made by joint committees and directed the importance of holding regular meetings to strengthen bilateral cooperation in various fields. His Majesty the Sultan and the President of the Islamic Republic of Iran, emphasised the positive and fruitful role of the private sector in both countries. They expressed hope that these activities would increase investment and trade exchange between the two nations. They welcomed the signing of several agreements to frame cooperation in the promotion and mutual protection of investments, legal and judicial cooperation, a preferential trade agreement, a framework agreement for joint cooperation, and several memoranda of understanding in other fields. The two sides also welcomed the existing cooperation between Oman Post and the National Post of Iran, which resulted in the issuance of a joint postage stamp celebrating the depth of bilateral relations and highlighting the efforts of both sides in promoting cultural diplomacy, fostering mutual understanding, and strengthening ties between the two peoples. His Majesty the Sultan and the President of the Islamic Republic of Iran discussed a number of regional and international issues of mutual concern, including the crisis in the Gaza Strip. In this context, they stressed the necessity of a complete and permanent ceasefire, ending the injustice against civilians, and halting the genocide committed by the Israeli occupation forces against the Palestinian people in Gaza and the rest of the Palestinian territories. The two sides called on the international community to fulfill its responsibilities in providing relief aid and humanitarian supplies to the defenseless population across the Gaza Strip. They also expressed their firm rejection of any plans aimed at displacing or persecuting the Palestinian people. The two leaders expressed satisfaction with the level of political consultation and coordination between the two countries at various levels. The President of the Islamic Republic of Iran expressed his country's deep appreciation for the constructive role played by the Sultanate of Oman in facilitating the ongoing indirect talks between the Islamic Republic of Iran and the United States regarding the nuclear file. For his part, His Majesty the Sultan expressed hope that these talks would lead to the desired agreement between the two sides, fulfilling shared goals of enhancing regional and international security and peace, and bringing further prosperity and stability to the region. The two sides emphasised the importance of intensifying efforts to ensure continued security and stability in the region and the world, as well as enhancing coordination and consultation in various regional and international forums on issues that serve global peace and stability. The President of the Islamic Republic of Iran expressed his gratitude and appreciation to His Majesty Sultan Haitham bin Tarik, the government, and the people of the Sultanate of Oman for their warm welcome and hospitality. He also extended an invitation to His Majesty the Sultan to visit the Islamic Republic of Iran, which was graciously accepted by His Majesty'.
Zawya
28-05-2025
- Business
- Zawya
Jordanian-Turkish Business Council highlights need to bolster trade, investment ties
AMMAN — President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa on Tuesday underscored the importance of enhancing economic and investment ties between Jordan and Turkey. Tabbaa made his remarks during the Jordanian-Turkish Business Council meeting that was organised in cooperation with the Foreign Economic Relations Board of Turkey (DEIK), the Jordan News Agency, Petra, reported. He stressed the need to expand trade cooperation and activate the role of the council in supporting the private sector and promoting mutual investments. The JBA president noted that trade exchange between the two countries in 2024 reached about $1 billion, with Jordanian imports from Turkey totalling about $815 million. Exports to Turkey stood at $106 million, 12 per cent of the total trade volume, he noted, calling for redressing this imbalance by enhancing Jordanian exports to the Turkish market. Tabbaa urged Turkish business leaders to explore investment opportunities in Jordan and intensify coordination and engagement between the two countries' private sectors. He highlighted Jordan's ongoing implementation of major projects under the Economic Modernisation Vision (EMV), offering opportunities in key sectors such as ICT, logistics, tourism, industry, agriculture, healthcare, energy and mining, in addition to public-private partnership ventures. Levent Birant, the Turkish head of the council, emphasised the 'strong' economic and trade ties between Jordan and Turkey and reaffirmed the council's commitment to sustaining "activation" of the joint free trade agreement. He called for building on existing cooperation to boost business relations between Amman and Ankara. Yusri Tahboub, the Jordanian head of the council, highlighted efforts to reactivate the FTA with Turkey to align with Jordan's economic openness goals. Tahboub said that the council is focused on enhancing investment incentives and fostering the exchange of opportunities in priority sectors, especially industry, medical tourism, energy and mining. President of the Turkish-Jordanian Businessmen Association Salim Dada said that the association was established two years ago to boost economic ties and strategic cooperation between the business communities of both countries. He emphasised Jordan's position as a "promising" investment hub in the region due to its strategic location, political stability, skilled workforce and opportunities in renewable energy, tourism, ICT, pharmaceuticals, manufacturing and logistics. He added that Jordan's competitive advantages and favourable business environment bolstered by free trade agreements with the US, the European Union, Canada and several Arab and Asian countries make it a "gateway" to markets in Iraq and the Gulf. Dada also highlighted Jordan's "investor-friendly" legal framework, which ensures "equal" treatment for local and foreign investors and promotes innovation and entrepreneurship. For his part, Turkish Ambassador to Jordan Yakup Caymazoglu announced that meetings of the Jordanian-Turkish Joint Economic Committee will convene in Amman this October, opening further avenues for cooperation and addressing challenges facing businesspeople. Caymazoglu noted that both countries and the region face "shared" challenges due to rising costs stemming from developments in the Gaza Strip and the West Bank, as well as internal issues in Syria and Iraq. He stressed that these circumstances also present new opportunities for cooperation, particularly given the political alignment between Jordan and Turkey. Caymazoglu pointed to recent "positive" developments, including the lifting of the US and European sanctions on Syria, which could pave the way for joint Jordanian-Turkish ventures targeting Syrian and regional markets. He expressed optimism about forming a "strong" economic partnership, citing Jordan's industrial capacity, strategic investment zones, and customs advantages that support export access to markets in the US and Canada. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
26-05-2025
- Business
- Zawya
Jordan, Damascus industry chambers agree to form joint business council
AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir and Chairman of the Damascus Chamber of Industry Muhammad Al Mawlawi have agreed to establish a joint business council and joint sectorial committees between the two chambers in the textile, chemical, engineering and food sectors. During an official visit to Damascus, Jaghbir stressed that the committees aim to boost trade exchange between the two countries in these sectors and address any obstacles based on a 'win-win' approach, the Jordan News Agency, Petra, reported, citing a JCI statement on Sunday. As part of efforts to boost bilateral economic relations, he said that 25 Jordanian industrial companies are scheduled to take part in the International Building Exhibition to be held in Damascus from May 27 to 31. The participation is organised by the Amman Chamber of Industry and includes a delegation of more than 250 industrialists, the largest Jordanian delegation to visit Syria in decades, the JCI president pointed out. Jaghbir noted that the participating Jordanian companies represent vital sectors related to reconstruction, including infrastructure, building materials, energy, and engineering industries, where Jordan holds a 'strong competitive edge,' stressing the importance of this participation in opening new opportunities for Jordanian products in the Syrian market. He also highlighted the need to boost economic ties between Jordan and Syria, pointing to the 'historical ties and shared interests' that provide a favourable environment for expanded economic cooperation. The industrialist added that easing restrictions on the movement of goods and financial transfers would facilitate the flow of commodities and services and enhance the investment climate. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
25-05-2025
- Business
- Jordan Times
Jordan, Damascus industry chambers agree to form joint business council
President of the Jordan Chamber of Industry Fathi Jaghbir and Chairman of the Damascus Chamber of Industry Muhammad Al Mawlawi agree to establish a joint business council and joint sectorial committees between the two chambers (Petra photo) AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir and Chairman of the Damascus Chamber of Industry Muhammad Al Mawlawi have agreed to establish a joint business council and joint sectorial committees between the two chambers in the textile, chemical, engineering and food sectors. During an official visit to Damascus, Jaghbir stressed that the committees aim to boost trade exchange between the two countries in these sectors and address any obstacles based on a 'win-win' approach, the Jordan News Agency, Petra, reported, citing a JCI statement on Sunday. As part of efforts to boost bilateral economic relations, he said that 25 Jordanian industrial companies are scheduled to take part in the International Building Exhibition to be held in Damascus from May 27 to 31. The participation is organised by the Amman Chamber of Industry and includes a delegation of more than 250 industrialists, the largest Jordanian delegation to visit Syria in decades, the JCI president pointed out. Jaghbir noted that the participating Jordanian companies represent vital sectors related to reconstruction, including infrastructure, building materials, energy, and engineering industries, where Jordan holds a 'strong competitive edge,' stressing the importance of this participation in opening new opportunities for Jordanian products in the Syrian market. He also highlighted the need to boost economic ties between Jordan and Syria, pointing to the 'historical ties and shared interests' that provide a favourable environment for expanded economic cooperation. The industrialist added that easing restrictions on the movement of goods and financial transfers would facilitate the flow of commodities and services and enhance the investment climate.
Jordan Times
13-05-2025
- Business
- Jordan Times
Jordan, Iraq discuss accelerating joint economic city construction
By JT - May 13,2025 - Last updated at May 13,2025 Minister of Industry, Trade, and Supply Yarub Qudah and his Iraqi counterpart Khaled Battal review areas of bilateral cooperation (Petra photo) AMMAN — Jordan and Iraq on Tuesday discussed progress on the joint economic city project, with a focus on selecting a developer to begin construction as soon as possible. Minister of Industry, Trade, and Supply Yarub Qudah and his Iraqi counterpart Khaled Battal reviewed areas of bilateral cooperation, particularly in the industrial sector, and explored ways to capitalise on the economic opportunities available to both countries. The meeting, held on the sidelines of the Arab Economic and Social Development Summit in Baghdad, also addressed the need to accelerate efforts to boost trade exchange, resolve outstanding challenges, and encourage private sector investment in strategic projects, the Jordan News Agency, Petra, reported.
