MUSCAT: Oman American Business Center (OABC) has officially joined the U.S. Chamber of Commerce. This affiliation marks an important step for the organization and its members. This is a major development with historical significance for the commercial relationship between the U.S and the Sultanate of Oman Khush Chosky, Senior Vice President for Middle East and Turkey Affairs, US Chamber of Commerce, welcomed the OABC to the US Chamber: “Since the signing of the U.S.-Oman Free Trade Agreement in 2009, both countries have enjoyed tremendous benefits from the stronger trade and investment ties. The U.S. Chamber looks forward to working in close collaboration with the Oman American Business Center to promote and enhance the important relationships with both the business communities and governments.” As an official member of the U.S. Chamber of Commerce, the OABC is now part of the world’s largest business federation that represents the interests of over 3 million businesses of all sizes and all sectors of the economy. With 117 offices in 103 countries around the world, the American Chambers of Commerce (Amchams) plays a vital role in linking the private sectors in all these countries to the United States. Its unique positioning enables The American Chambers of Commerce to effectively support the interests and needs of its members. Until recently, Oman was the only Gulf nation without an established AmCham despite the latter’s strong presence in the other Middle Eastern nations such as UAE, Bahrain and Qatar. Closer ties with other AmChams in the GCC allows for shared access to membership directories, national discount programs, and other specific resources, adding to increased opportunity for trade within the region. With the ongoing development of Oman’s various ports, and its strategic location on international shipping routes, along with great incentives for both Omanis and Americans on either side to do business, we are seeing more and more opportunities to develop trade between Oman and the USA.
Oman’s budget deficit falls by 1%
Muscat: The Sultanate’s budget deficit fell 1 per cent to OMR1,896.8 million till the end. The budget deficit for the...
