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    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

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    $36mln contract for construction of Duqm fisheries complex

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    Ministry signs agreement to support Oman’s honey industry

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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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      Profits at top Saudi banks jump 17.6% in Q1

      Profits at top Saudi banks jump 17.6% in Q1

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      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

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      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

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      New study reveals that UAE is most competitive economy in the Arab world

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      Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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      Oman Construction Equipment Industry to 2028

      $36mln contract for construction of Duqm fisheries complex

      $36mln contract for construction of Duqm fisheries complex

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      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      Madayn working on major Oman industrial city projects

      Madayn working on major Oman industrial city projects

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      Foundation stone laid for new 700-bed hospital is Salalah, Oman

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      Iraq set to award new Faw Port deals

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        Suez Canal expects US$3.5 billion in revenues in H1

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        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

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        Fitch revises Saudi Aramco’s outlook to positive from stable

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        Investments in renewables in Egypt reach LE6 bn: Official

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        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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        JGC lands $3.7bn Iraq refinery upgradation project deal

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          Coronavirus: UAE conducting human trials for Covid-19 vaccine

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          UAE sends medical aid to Iraq to fight COVID-19

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Trending Tags

          • Business & Economy
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            Profits at top Saudi banks jump 17.6% in Q1

            Profits at top Saudi banks jump 17.6% in Q1

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            New study reveals that UAE is most competitive economy in the Arab world

            New study reveals that UAE is most competitive economy in the Arab world

            Top 10 listed companies in the Middle East

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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            • CES 2017
            • Election Results
            • eSports
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            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Trending Tags

              • Healthcare
                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

              • Hospitality
                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Swiss Banks Coming to Iran

              Financial Tribune

              October 2, 2017
              in Finance
              0
              A commercial delegation from the Tehran Chamber of Commerce, Industries, Mines and Agriculture to Geneva, Switzerland, has met with the Central European nation’s parliamentary officials among many others, who heralded a better future for Iranian-Swiss banking ties.
               
              “Our two biggest banks are facing challenges in working with Iran because of the stance taken by the US, but our smaller banks are ready to have a presence in Iran,” an unnamed member of the Swiss Parliament was quoted as saying by the official news portal of TCCIM.
               
              The lawmaker made the statements during a meeting with TCCIM chief, Masoud Khansari, who led a 40-strong Iranian business delegation to Switzerland for a three-day visit. The delegation, which arrived in the cosmopolitan city on Wednesday night, represented more than 30 private sector enterprises.
               
              While noting that Swiss banks are cautious as a result of their trade links with US-based entities, the official said his country is ready to strengthen relations with Iran and remove the hurdles.
               
              Khansari called on the Swiss Parliament to take measures for resolving banking problems and said Iran welcomes more Swiss companies to work inside the country.
               
              As his main mission was to provide a more realistic image of Iran to Switzerland, he outlined measures taken in recent years to remove sanctions, tame inflation and end recession, introducing opportunities that could prove enticing to Swiss businessmen.
               
              Post-Sanctions Iran
               
              The Iranian delegation also took part in a convention called “Iran: 20 Months After JCPOA”, which refers to the nuclear deal by its formal name, holding talks with Swiss businessmen in addition to meeting with private sector representatives from the Geneva Chamber of Commerce.
               
              Iran reached the landmark deal with global powers in July 2015, which led to the termination of all nuclear-reacted sanctions imposed on the country after it was implemented in January 2016.
               
              Khansari noted in his keynote speech to the conference that as the sanctions have been removed, it is now time for European nations to engage more with Iran and invest in the country.
               
              As proof of improving conditions, he pointed to two globally accepted reports, one from the European Commission indicating an 80% year-on-year rise in Iran-Europe trade during the first seven months of 2017, and the other from the International Atomic Energy Agency which stated Iran has remained loyal to all its commitments under JCPOA.
               
              The TCCIM president then pointed to other measures such as repeated suspension of active countermeasures against Iran by the Financial Action Task Force, improvement in Iran’s compliance with international banking standards and attraction of major international deals such as the one with French energy giant Total S.A. that signed a mega gas contract with Iran in early July.
               
              Another positive step, as outlined by Khansari, was the establishment of an investment center at TCCIM that is tasked with “reviewing hurdles and problems on the way of attracting foreign investors” and “introducing potentials” to prospective investors.
               
              The head of TCCIM also spoke with Geneva Tribune, a Swiss French-language daily newspaper.
               
              In the interview, he noted that since the implementation of JCPOA in January 2016, more than 200 business delegations from Europe and Asia have travelled to Iran while during the past month, close to $30 billion worth of foreign finance were finalized with China, South Korea, Austria and Denmark.
               
              Khansari stressed that in light of the disturbing stance taken by Trump, Europe must make its own approach clear because the US president “will not be able to individually ignore a multilateral international accord”.
               
              The Iranian delegation also met with officials of Hinduja Bank Ltd –a lender originally founded as a finance company in 1978 and became a Swiss-regulated bank in 1994.
               
              Officials of Hinduja BBank outlined the wide-reaching operations of the bank and its holding company in many countries, and announced that its online branch, which operates out of Germany, can offer services to Iran.    
               
              Financial Tribune 
              02 October
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