Oman and Cyprus look to strengthen economic cooperation, Iran and Turkey to jointly develop free trade zone

Oman + Cyprus eye stronger economic ties: Omani Foreign Affairs Minister Sayyid Badr bin Hamad Al Busaidi met with his Cypriot counterpart Constantinos Kompo to discuss boosting economic cooperation between the two countries, Oman News Agency reports. The pair agreed to finalize a number of agreements and MOUs including partnerships on maritime shipping, education, tourism, and renewables, ONA writes.

Iran + Turkey to develop border freezone: Iranian President Ebrahim Raesi agreed with his Turkish counterpart Recep Tayyip Erdogan to develop a freezone located along the two countries’ border, Mehr News Agency reported on Saturday, citing the head of the Iran-Turkey Parliamentary Friendship Association. Both countries discussed last week strengthening bilateral trade ties, as well as establishing a joint high-ranking delegation to boost the volume of trade and economic transactions between the two countries to USD 30 bn.

ALSO- Iran + Qatar follow up on agreement releasing Iranian funds in Qatar: Iranian Foreign Minister Hossein Amirabdollahian discussed expanding cooperation with his Qatari counterpart Mohammed bin Abdulrahman Al Thani, Tasnim News Agency reports. Thani assured Iranian officials that Qatar, and the US, are on-board with an ongoing agreement between Iran’s Central Bank and Qatar, which would facilitate access to Iran’s funds in Qatari banks.