Omani Lender, Bank Sina Forge Ties
Economy, Business And Markets

Omani Lender, Bank Sina Forge Ties

Bank Muscat has opened accounts for Iran’s Sina Bank, which allows the lender to open credit lines and offer bank guarantees in euro and the Omani rial. The two banks also agreed to start collaboration in financing Iranian and Omani traders, the bank’s website reported on Sunday. Officials from Sina visited Oman last week where they clinched primary agreements for expanding ties with Bank Nazwa. Earlier this month, Sina said it will open a branch in Munich, Germany, by August 2017. Bank Muscat appears to be one of the first foreign financial firms to establish a presence in Tehran since the international sanctions, imposed over Tehran’s nuclear program were lifted in January. The bank has received regulatory approval to open a representative office in Iran.

Short URL : https://goo.gl/5lPK7H
  1. https://goo.gl/8rwLs7
  • https://goo.gl/E6jWwK
  • https://goo.gl/XK1tD4
  • https://goo.gl/iIwvQd
  • https://goo.gl/6AseoD

You can also read ...

US Looking East After Fining Europe Over Iran Business
The US effort to put Iran in a financial bind meant European...
Proses has offered to explore a possible SISP at the world class Mehdiabad zinc (lead and silver) project in Iran where it has a role in development planning.
British mining and mineral processing technology company...
Depending on Iran’s progress in completing its action plan, FATF will take further steps in June 2018.
The Financial Action Task Force has recognized measures taken...
Iran’s Corruption Perceptions Index Improves
Iran’s score based on the Corruption Perceptions Index...
Home Security Startup Taps Face-Recognition Tech
A team of engineers that worked on self-driving cars and...
Crimean Ports Under Sanctions Looking for Way Out to Iran
Crimea’s ports, which are not operating at full capacity due...
SpaceX successfully deployed a satellite into low Earth orbit for the Spanish government.
SpaceX took a critical step Thursday toward making one of Elon...
Qazvin-Rasht Railroad to Come on Stream in 3 Months
The railroad to connect the two Iranian cities of Qazvin and...

Add new comment

Read our comment policy before posting your viewpoints