Iran, Oman ink banking MoU

FNA- Tehran and Muscat signed a memorandum of understanding (MoU) to boost banking cooperation between the two countries.

The MoU was signed in a meeting between senior officials of Iran and Oman’s central banks in Muscat on Sunday.

Speaking to reporters after the ceremony, Governor of the Central Bank of Iran (CBI) Valiollah Seif said that Iran and Oman have good banking cooperation and their economic relations should also expand in proportion to their economic and trade ties.

In relevant remarks in late February, Omani Foreign Minister Yusuf bin Alawi bin Abdullah in a meeting with his Iranian counterpart Mohammad Javad Zarif in Munich called for boosting mutual cooperation with Iran, specially in trade and economic fields.

“Oman’s private sector is ready to expand relations with the Iranian companies,” the Omani foreign minister said during the meeting on the sidelines of Munich Security Conference.

Bin Alawi appreciated Iran’s constructive and positive role in the regional developments.

In relevant remarks last February, bin Alawi said Muscat is looking for a major expansion of strategic cooperation with Tehran in a range of fields, including energy, economy, investment, culture, science and regional security.

Speaking to journalists at a joint press conference with Zarif in Tehran, Alawi said the presence of the high-ranking Omani delegation in Tehran doesn’t go against the interests of any other nation and that “cooperation is our first and last goal.”

“We came to the Iranian capital after the lifting of illegal sanctions. We have come here to cement our ties firmly and accordingly. Our trip is part a global effort to normalize ties with Tehran. This is also largely because of Iran’s position among the regional states,” he added.

According to the Omani foreign minister, “Cooperation with Iran will open new horizons for us, which is establishing regional peace and security. We would like to get this done and show it to the rest of the region that they can cooperate with each other. This trip helped us see our theory in practice.”