UAE and Oman sign 16 agreements in transport, energy and finance

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UAE President Sheikh Mohamed bin Zayed held talks on strengthening bilateral relations with Sultan Haitham bin Tariq of Oman. (WAM)
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UAE President Sheikh Mohamed bin Zayed was received by Sultan Haitham bin Tariq of Oman upon arrival in Muscat. (WAM)
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Updated 28 September 2022
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UAE and Oman sign 16 agreements in transport, energy and finance

  • UAE President Sheikh Mohamed bin Zayed arrived in Oman on Tuesday for a two-day visit
  • Sultan Haitham bin Tariq hosted a dinner banquet for his Emirati counterpart

DUBAI: The UAE and Oman signed 16 agreements in transport, energy, industry, and finance on the sidelines of UAE President Sheikh Mohamed bin Zayed’s visit to Muscat.
As part of the agreements, the national railway operators of both countries established a joint company with investment of about $3.01 billion to set up and operate a railway linking Oman’s Sohar port with the UAE’s network, Oman's state news agency reported on Wednesday.
Sheikh Mohamed bin Zayed arrived in Oman on Tuesday for a two-day visit.

 


He was received by Sultan Haitham bin Tariq of Oman before both leaders engaged in talks on strengthening bilateral ties at Al-Alam Palace.
“Their talks centered around the two leaders’ shared vision for a secure and stable region that promotes sustainable development and supports a thriving economy where people can realise their full potential,” according to a statement on the Emirates News Agency
Sultan Haitham bin Tariq hosted a dinner banquet for his Emirati counterpart on the first day of his visit. Both leaders also exchanged medals and gifts at Al-Alam Palace.

 


Oman navy rescues crew of ship hit by missiles in Hormuz Strait

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Oman navy rescues crew of ship hit by missiles in Hormuz Strait

  • Vessel was en route from the UAE’s Ghantoot port to Jeddah in Saudi Arabia
  • Iran’s Revolutionary Guards said that they had ‘complete control’ over the vital waterway
MUSCAT: The Omani navy rescued 24 crew members of a Malta-flagged container ship struck by missiles while transiting the Strait of Hormuz on Wednesday, state media said, as Iran pressed its Gulf retaliation campaign.
The cargo ship was “hit by two missiles” and Oman’s royal navy rescued its “crew of 24 people” who are now in good health, the Oman News Agency said.
Earlier, the United Kingdom Maritime Trade Operations (UKMTO) said the ship was two nautical miles north of Oman, “transiting eastbound in the Straits of Hormuz” when it was “hit by an unknown projectile just above the water line causing a fire in the engine room.”
Private maritime security agency Vanguard Tech said the vessel was the Malta-flagged Safeen Prestige. Information from shipping activity tracker Marine Traffic shows the vessel was en route from the UAE’s Ghantoot port to Jeddah in Saudi Arabia.
It was the fourth reported attack in regional waters within 24 hours, after projectiles struck or landed near three other vessels off the Emirati and Omani coasts.
Iran’s Revolutionary Guards on Wednesday said they had “complete control” over the vital waterway, through which around 20 percent of global seaborne oil passes, and warned that any vessels seeking to pass risked damage from missiles or stray drones.
With energy prices already spiking, US President Donald Trump had said the US Navy was ready to escort oil tankers through the crucial shipping route.