Latest news with #QaisMohammedalYousef
Muscat Daily
23-06-2025
- Business
- Muscat Daily
Oman, Algeria explore new avenues for trade, investment cooperation
Algiers, Algeria –Qais Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, held a series of high-level meetings with Algerian ministers and senior officials to explore ways to enhance economic, trade, and investment cooperation between Oman and the People's Democratic Republic of Algeria. The discussions took place on the sidelines of Oman's participation as the guest of honour at the Algiers International Fair, reflecting the deepening bilateral ties between the two nations. Yousef met separately with Saïd Grib, Minister of Industry; Kamel Rezig, Minister of Foreign Trade and Export Promotion; Tayeb Zitouni, Minister of Domestic Trade and Market Regulation; and Omar Rekkache, Director General of the Algerian Investment Promotion Agency. The meetings focused on activating existing agreements and memoranda of understanding, while identifying new areas of partnership in sectors such as manufacturing, food processing, and real estate. The two sides discussed facilitating joint projects, increasing trade volumes, and boosting cross-border investments through targeted incentives and streamlined procedures. Yousef stressed that these meetings reflect the spirit of the joint communique issued during the historic state visit of His Majesty Sultan Haitham bin Tarik to Algeria in May. He noted that the visit laid the groundwork for a new phase of strategic cooperation across multiple sectors. 'Algeria has shown strong interest in expanding its partnership with Oman, and we see a shared commitment to creating broader opportunities for investors and business leaders in both countries,' Yousef said. As part of the visit, the minister and his delegation toured the Rouiba Industrial Zone and visited leading Algerian companies, including the National Company for General Industries – a key player in energy and petroleum equipment manufacturing – as well as major producers in the dairy and sugar industries. The Omani delegation included Saif Nasser al Badai, Oman's Ambassador to Algeria; Faisal Abdullah al Rowas, Chairman of the Oman Chamber of Commerce and Industry; Eng Dawood Salim al Haddabi, CEO of Madayn (Public Establishment for Industrial Estates); along with representatives from various government institutions, private sector entities, and prominent business leaders.
Muscat Daily
17-05-2025
- Business
- Muscat Daily
Oman, Saudi Arabia discuss closer industrial, trade ties
Muscat – Oman and Saudi Arabia reaffirmed their commitment to deepening economic cooperation, with a focus on industrial and trade integration, during high-level talks held in Muscat. H E Qais Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, received a Saudi delegation on Thursday led by Al Badr Adel Fouda, Deputy Minister for Industrial Development in Ministry of Industry and Mineral Resources, and Albara Alaskandarani, Deputy Minister of International Economic Affairs in Ministry of Economy and Planning. Discussions centred on priori-ty initiatives aimed at enhancing industrial, commercial and investment ties in line with the national visions of both countries. The ministers highlighted the importance of continued institutional coordination to foster a robust, shared investment environment. On the sidelines of the meeting, H E Dr Saleh Said Masan, Undersecretary for Commerce and Industry in Ministry of Commerce, Industry and Investment Promotion, held talks with the Saudi delegation to explore ways to strengthen industrial cooperation and expand strategic partnerships between the public and private sectors in both countries. Key areas of collaboration include supply chain development, manufacturing and value-added industries. Both sides also discussed challenges related to the flow of goods and services and stressed the need for joint innovation to boost regional competitiveness and support sustainable development. The meeting was part of ongoing efforts to build a more integrated regional economy that responds to global economic shifts and promotes shared prosperity for both nations.
Observer
07-02-2025
- Business
- Observer
Thirteen franchise agreements signed
MUSCAT: A franchise meeting organised on Thursday by Oman Chamber of Commerce and Industry (OCCI) saw the signing of 13 agreements for the sale of franchise in the Sultanate of Oman and abroad. The meeting, titled "Agreements and Development", also included the signing of 3 memoranda of understanding (MoU) with new trademarks taking part in the third edition of the Franchise Initiative. The signing of agreements and memoranda of understanding serve as outcomes of the 3rd edition of the Commercial Franchise Programme, which aims to qualify business owners and Omani companies to benefit from the advantages and opportunities of commercial franchise. The programme also seeks to upgrade innovation and entrepreneurship by providing advanced training workshops on how to adopt a culture of innovation in supporting small and medium enterprises (SMEs), manage franchise projects, thus enabling them to access new markets. In addition, it helps generate sustainable employment opportunities and diversify sources of economic income, and this will in turn contribute to expanding the base of economic diversification and enhancing the Sultanate of Oman's Gross Domestic Product (GDP). The meeting was attended by Qais Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, Faisal Abdullah al Rowas, Chairman of the OCCI Board of Directors, and officials from the departments concerned. - ONA
