Egypt and Oman Strengthen Economic Ties with New Agreement
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Editor
- . February 13, 2025
- . Update: February 13, 2025 1:59 pm
Egyptian officials and Omanis formed a memorandum of understanding to boost investments and business exports between their countries. The parties from both Egyptian Commercial Services and Omani Commerce Ministry signed this agreement to start a fresh period of cooperation between their nations.
Minister Hassan El-Khatib explained the ancient roots of Egypt-Oman ties when he talked about their agreement. As part of these economic reforms he stated that Egypt creates an environment that welcomes business investments in monetary financial and trade sectors. These updates are aimed at inviting private businesses and creating dependable long-term policies to boost sustainable economic progress in the future.
According to Abdullah Al-Rahbi the Oman Ambassador to Cairo the financial partnership between Oman and Egypt increased by double to $1.3 billion in recent years. Past cooperation efforts drove trade growth and create an excellent starting point for future business ties between these two nations. The new MoU supports better trade connections between the countries and brings forth new investment prospects to advance their regional standing.
