Oman to become a regional hub for import and export: Report
The Dollar Business Bureau Oman has finished preparations for becoming a regional hub for exports and imports, after billions of rials of investment for the development of ports along the country’s coast line, according to a report. The Sultanate has also finished the technical and legislative systems that would facilitate the work of exporters and importers and attract domestic as well as foreign investments, said a report by Oman News Agency. Oman was one of the nations that is going to benefit from the restrictions put on Qatar by four gulf countries during a regional crises. One of the steps taken by the Arab nations is blockading the access of Qatar to their ports. However, Doha has mitigated the blockade effect by deciding ...
India-Korea ties to spur maritime trade, energy, film sectors
The Dollar Business Bureau India and South Korea are likely to join hands to boost sea transport, energy and film industries of the two countries. Prime Minister Narendra Modi who began his five-day tour to Asian countries on Thursday is scheduled to visit South Korea on May 18-19. Modi is expected to sign a memorandum of understanding (MoU) with the Republic of Korea for cooperation in the fields of maritime transport and logistics. The MoU is aimed at enhancing cooperation through sharing of technologies, information and experiences, training of seafarers and port operation, a government statement said. The new agreement will also facilitate partnerships between the maritime transport and logistics-related companies of the two countries, development and management of ...
