News
His Majesty receives Indian PM

Earlier, PM Modi was received by His Highness Sayyid Fahd bin Mahmood al Said, Deputy Prime Minister for the Council of Ministers, upon his arrival at the Muscat airport. The Sultanate signed eight Memoranda of Understanding (MoUs) with India to consolidate the joint work on strategic relations as part of PM Modi’s visit, which began on Sunday. The MoUs, signed by Oman officials and Indra Mani Pandey, Indian Ambassador to the Sultanate, covered visa exemption for diplomats, services of Duqm Port and dry-dock for maintenance for Indian military vessels, legal and judicial cooperation in civil and commercial matters, tie-up between Oman’s National Defence College (NDC) and Institute for Defence Studies and Analyses (IDSA), health, tourism, peaceful use of space and Oman’s accession to India-based International Solar Alliances.
Mohammed bin Nasser al Rasbi, Secretary-General of the Ministry of Defence, said there are many areas of cooperation with the Indian side, whether in the field of joint exercises, training or courses, as well as exchange of experiences between the two sides and some defence purchases and projects. Ambassador Pandey said that signing these MoUs will promote cooperation between the two friendly countries. He said that the Indian companies have a strong presence in Oman and have significant investments in the Omani free zones and ports in Suhar and Salalah. He said Indian investments are estimated at $1.8 billion in two projects in Special Economic Zone in Duqm (SEZD). The volume of trade exchange during this year is expected to reach $5.5 billion.
-
Banking & Finance2 weeks ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Renewables2 months ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Bahrain2 weeks ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines1 month ago
OER, May 2025
-
Leaders Speak2 months ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Banking & Finance1 month ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance2 months ago
Alizz Islamic Bank Partners with Al Tawasul Institute for Specialised Training Programme to Empower Job Seekers with Hearing Impairments
You must be logged in to post a comment Login