Saudi-Omani Forum to Witness Signing of Economic MoUs

The forum is expected to witness the signing of memoranda of understanding with the aim to enhance economic, investment and trade cooperation between Saudi Arabia and Oman. Asharq Al-Awsat
The forum is expected to witness the signing of memoranda of understanding with the aim to enhance economic, investment and trade cooperation between Saudi Arabia and Oman. Asharq Al-Awsat
TT
20

Saudi-Omani Forum to Witness Signing of Economic MoUs

The forum is expected to witness the signing of memoranda of understanding with the aim to enhance economic, investment and trade cooperation between Saudi Arabia and Oman. Asharq Al-Awsat
The forum is expected to witness the signing of memoranda of understanding with the aim to enhance economic, investment and trade cooperation between Saudi Arabia and Oman. Asharq Al-Awsat

An economic forum is scheduled to be held in Muscat on Monday in the presence of Saudi and Omani ministers and representatives of the private sector during the visit of Saudi Crown Prince Mohammed bin Salman to the Sultanate.

The forum is expected to witness the signing of memoranda of understanding to enhance economic, investment and trade cooperation between the two countries.

In remarks to Asharq Al-Awsat, the Chairman of the Saudi-Omani Business Council, Nasser bin Saeed Al-Hajri, said that the visit of the Crown Prince to Muscat will demonstrate “the unity of positions ... in the face of all challenges.”

A fundamental role will be played by the Saudi and Omani Business Owners Council in supporting the volume of business and joint projects between the two sides, according to Al-Hajri, who also noted that bilateral meetings between the business councils have made many achievements, in line with the Saudi Vision 2030 and the Omani Vision 2040, to diversify the economy and establish strong and joint economic entities.

According to Al-Hajri, the Muscat meetings will seek to exploit the available investment opportunities and achieve economic integration between the two sides, stressing that the political will has played a pivotal role in removing all obstacles facing the investors in the two countries.

He said that the business sectors in Saudi Arabia and Oman, shortly before and during the recent visit of Sultan Haitham bin Tariq to the Kingdom, signed several agreements for partnerships in industrial cities, logistics and renewable energy, while an Omani delegation had previously offered 150 investment opportunities to Saudis worth USD4 billion in various vital fields.

According to the National Center for Statistics and Information in Oman, the volume of trade exchange between the two countries amounted to 10 billion riyals (USD2.6 billion dollars) in 2020.



Tunisia Gets Offers in 75,000 T Soft Wheat Tender, Traders Say

Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)
Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)
TT
20

Tunisia Gets Offers in 75,000 T Soft Wheat Tender, Traders Say

Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)
Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)

The lowest price offered in the international tender from Tunisia's state grains agency on Thursday to purchase about 75,000 metric tons of soft wheat was believed to be $262.91 a ton cost and freight (c&f) included, European traders said.

Offers are still being considered and no purchase has yet been reported. The lowest offer is not always accepted if conditions attached to it are regarded as unattractive, Reuters reported.

The lowest offer was believed to have been submitted for optional-origin wheat by trading house Cargill for 25,000 tons, they said.

Cargill also made the next lowest offer of $263.91 also for 25,000 tons, they said.

Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.

Shipment was requested between May 20 and June 30 depending on origin supplied.