News ID: 233389
Published: 0400 GMT October 26, 2018

No Iranian bank accounts frozen in Oman

No Iranian bank accounts frozen in Oman

Iran-Oman Chamber of Commerce has dismissed the rumors circulating in the social media that some Iranian bank accounts have been blocked in Oman.

According to a statement published on Thursday, the chamber said that Iranian bank accounts have not been frozen in Oman, and related financial transactions are still going on in the Persian Gulf state, Mehr News Agency reported.

Head of the chamber and a senior adviser to Iranian minister of industry Mohsen Zarrabi said that in the past weeks, talks have been held between senior Iranian and Omani officials on expanding economic ties, especially with the help of private sector investors.

Zarrabi said that all bank accounts of Iranian firms and companies that follow financial regulations such as anti-money laundering are still active in Oman.

The rumors come as the two states have geared up to boost relations in the past weeks.

The sixth meeting of the Committee of Iran-Oman Strategic Consultations was held at Iran's Foreign Ministry on Oct. 24. The two sides discussed key issues pertaining to bilateral relations as well as the latest regional developments, highlighting the need to further enhance and develop mutual cooperation on different fronts.

Earlier in October, a trade delegation from Iran visited Oman's Ministry of Commerce and Industry to discuss means of enhancing relations in industrial, investment and economic fields, including a free trade agreement, solving banking issues, using Omani ports as a hub for exporting Iranian goods and increasing trade between the two countries.

Statistics show that the trade between the two states in the first four months of the current Iranian fiscal year (March 21-July 22) stood at $537 million, indicating a 116-percent jump compared to the amount for the same period last year.


Resource: Mehr News Agency
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