OIC roundup: Oman, Uzbekistan ink deals to expand air links, trade
Here's a roundup of key developments across the OIC ecosystem during June
Editor's note: Its partnership season across the OIC canvas, with Oman looking to strengthen cooperation with Uzbekistan and Algeria.
Then, there's Malaysia seeking to extend ties with Guinea-Bissau with key Islamic economy sectors at the centre. Qatar and Pakistan are exploring economic cooperation, too.
Trade Developments
Malaysia / Guinea-Bissau
M'sia, Guinea-Bissau extend ties with focus on Islamic economy sectors
Malaysia and Guinea-Bissau have reaffirmed their commitment to strengthening bilateral relations, focusing on key sectors such as the halal industry, Islamic finance, energy, and capacity building.
Prime Minister Anwar Ibrahim encouraged Malaysian corporations, including PETRONAS and FGV Holdings, to explore opportunities in Guinea-Bissau and use it as a base to expand into Africa and beyond. (The Star)
Oman / Uzbekistan
Oman, Uzbekistan ink deals to expand air links, trade
Oman and Uzbekistan have signed agreements to expand air transport rights and strengthen logistical cooperation, with the goal of boosting trade and investment ties between the two nations.
The agreements were made during the fifth session of the Omani-Uzbek Joint Committee in Tashkent.
The accords include increasing operating rights for airlines, supporting the re-export of Uzbek products through Omani ports, and enhancing cooperation in scientific research and innovation. (Zawya)
Qatar / Pakistan
Qatar, Pakistan explore economic cooperation
Qatar Chamber General Manager Ali Boushraibek Al Mansouri hosted a delegation from the Sialkot Chamber of Commerce and Industry in Pakistan, led by President Ikram ul Haq.
The meeting focused on enhancing trade and economic cooperation between Qatar and Pakistan, as well as strengthening institutional collaboration between the two chambers to support private sector engagement and increase bilateral trade and investment. (The Peninsula)
Oman / Algeria
Oman and Algeria explore ways to strengthen economic links
The Minister of Commerce, Industry, and Investment Promotion for Oman, held meetings with several Algerian Ministers and senior officials to discuss ways to enhance economic, trade, and investment cooperation between Oman and Algeria. (Foreign Ministry of Oman)
UAE / Uzbekistan
Dubai Chambers hosts Dubai-Uzbekistan Business Seminar
Dubai Chambers hosted a high-level delegation from Uzbekistan, led by Laziz Kudratov, Minister of Investment, Industry, and Trade of Uzbekistan, at the Dubai-Uzbekistan Business Seminar.
The event, attended by around 100 businessmen, aimed to strengthen economic cooperation and explore opportunities to increase bilateral trade and investments. (Zawya)
Investment
Mauritania
Mauritania raises $2bn pledge from Arab Coordination Group
Mauritania's national development program received a significant boost with a $2 billion pledge from the Arab Coordination Group during a high-level roundtable in Vienna, Austria.
The event, chaired by Mauritania's President Mohamed Ould Cheikh El Ghazouani, was hosted by the OPEC Fund for International Development.
OPEC Fund President Abdulhamid Alkhalifa emphasized the group’s commitment to supporting Mauritania’s development, mobilizing collective resources to translate its ambitions into actionable outcomes. (IsDB News)
