عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Arab Tourism Organization President, Omani Heritage Minister Discuss Cooperation

This picture shows a partial view of the area of Haramil in the Omani capital Muscat on September 18, 2020. (AFP)
This picture shows a partial view of the area of Haramil in the Omani capital Muscat on September 18, 2020. (AFP)
TT
TT

Arab Tourism Organization President, Omani Heritage Minister Discuss Cooperation

This picture shows a partial view of the area of Haramil in the Omani capital Muscat on September 18, 2020. (AFP)
This picture shows a partial view of the area of Haramil in the Omani capital Muscat on September 18, 2020. (AFP)

Omani Minister of Heritage and Tourism Salem bin Mohammed Al-Mahrouqi received President of the Arab Tourism Organization (ATO) Bandar bin Fahd Al-Fahid and the accompanying delegation in Muscat, reported the Saudi Press Agency on Friday.

The officials discussed cooperation between the ATO and the Omani ministry.

The ATO provided an explanation of the existing and future cooperation aspects with the ministry on developing Oman’s Arab investments through the organization’s Itqan Tourism Development.

Cooperation aspects between the two sides also include the implementation of a number of events and programs.

The minister gave a presentation on Omani Sur city’s nomination to be named Arab Tourism Capital for 2024, which was submitted to the organization’s general secretariat.

Most Viewed

 
 
Business

Egypt's Net Foreign Assets Slid in October

A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)
A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)
TT
TT

Egypt's Net Foreign Assets Slid in October

A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)
A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)

Egypt's net foreign assets (NFAs) dropped by $1.12 billion in October after a rise in September, central bank data shows.

NFAs declined to the equivalent of $9.21 billion at the end of October from $10.33 billion at the end of September, according to Reuters calculations based on the official central bank currency rates. The decline followed a $591 million gain in September.

Egypt had been using NFAs, which include foreign assets at both the central bank and commercial banks, to help to prop up its currency since as long ago as September 2021.

NFAs turned negative in February 2022 and only returned to positive territory in May this year.

Foreign assets rose at the central bank in October but dipped at commercial banks while foreign liabilities climbed at both commercial banks and the central bank.