EENI Global Business School

Business in Oman, Muscat. Omani Economy

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Syllabus of the Subject

Omani Foreign Trade. Economy of the Sultanate of Oman. Muscat

  1. Introduction to the Sultanate of Oman (Middle East)
  2. Business in Muscat
  3. Economy of Oman
  4. Omani International Trade
  5. Cases of Omani Companies
  6. Mohammed Al-Barwani
  7. Access to the Omani Market
  8. Business Plan for Oman

International Trade and Business in Oman
Mohammed Al-Barwani Omani Businessman

The objectives of the subject “International Trade and Business in the Sultanate of Oman” are the following:

  1. To analyze the Omani Economy and Foreign Trade
  2. To identify business opportunities in the Sultanate of Oman
  3. To explore the Omani trade relations with the student's country
  4. To know the Omani Trade Agreements
  5. To examine the profile of Omani businesspeople and enterprises
  6. To develop a business plan for the Omani market

Online Arab Student, Master International Business

The Subject “Foreign Trade and Business in Oman” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: Islamic Business, World Trade.

Doctorate in International Business (DIB) Online

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

Oman, Masters, International Business Trade Masters adapted to Omani Students.

Languages: Masters, Doctorate, International Business, English or Study Master Doctorate in International Business in Spanish Omán Study Doctorate in International Business in French Oman.

  1. Credits of the subject “Doing Business in Oman”: 1 ECTS Credits
  2. Duration: one week

Foreign Trade and Business in the Middle East

International Trade and Business in Oman

Global Transport and Logistics

Transport and Logistics in Oman
  1. Corridor of the Ashgabat Agreement
  2. North-South Corridor (India-Russia)
  3. Access to the:
    1. China-Pakistan Economic Corridor
    2. India-Chabahar (Iran)-Afghanistan Economic Corridor
    3. Kyrgyzstan-Iran Corridor

Market Access - Free Trade Agreements

Omani Preferential Access and Trade Agreements:

  1. Oman and the Arab Economic Area
  2. Gulf Cooperation Council (GCC)
  3. Greater Arab Free-Trade Area (GAFTA)
  4. Indian-Ocean Rim Association
  5. Islamic Trade Preferential System
  6. Arab Bank for Africa (BADEA)
  7. U.S.-Oman Free Agreement
  8. Oman has Free Trade Agreements with India, China, South Korea, Singapore, Australia, the EFTA, New Zealand, Thailand, the U.S., the EU and the MERCOSUR

Trade Facilitation Programs. TFA Agreement

  1. WTO
    1. GATS
    2. Agreement on Sanitary Measures
    3. Agreement on Technical Barriers to Trade
    4. Agreement on Preshipment Inspection
    5. Agreement on Safeguards
    6. Trade Facilitation Agreement
  2. WCO
    1. Kyoto Convention
  3. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  4. BIC (Containers)
  5. Chicago Convention (ICAO)
  6. International Maritime Organization
    1. Istanbul Convention - not a member
  7. Customs Convention on Containers - not a member

Islamic Organizations. Arab League

  1. Arab League
  2. Summit of South American-Arab Countries
  3. Asia-Middle East Dialogue
  4. Islamic Development Bank
  5. ESCWA
  6. OIC
    1. Committee for Economic Cooperation
    2. Islamic Chamber of Commerce
    3. Islamic Centre for Development of Trade
    4. Statistical Economic Centre for Islamic Countries
  7. Arab Gulf Programme
  8. Arab Trade Financing Programme
  9. Arab Development Funds
  10. Afro-Arab Cooperation
  11. BADEA

Globalization and International Organizations

  1. Asia Cooperation Dialogue
  2. UN
    1. UNCTAD
    2. ITC
    3. WIPO
  3. WB
  4. WTO
  5. IMF

  1. The capital of the Sultanate of Oman is Muscat (1.2 million people)
  2. Oman is a Monarchy
  3. Thanks to its strategic location at the Persian Gulf entrance, Oman is considered as a country of significant geostrategic value
  4. Oman shares borders with Yemen, Saudi Arabia, and the Emirates
  5. Abolition of Slavery in Oman: 1970
  6. Official language of Oman: Arabic
  7. Area of Oman: 309,500 km²
  8. Omani Population: 4.3 million people

Religion in Oman.

  1. Islam Sunni is the main religion in Oman
  2. Maliki is the main school of Islamic Jurisprudence

Islam and Global Business. Islamic Economic Areas

Foreign Trade (Importing, Exporting)

Economy of Oman

  1. The main natural resources of Oman are petroleum and natural gas
  2. The proven petroleum reserve (4 billion barrels) are not crucial, so the Omani Government wants to make Oman one of the leading natural gas Exporter
  3. The main products manufactured in Oman are textiles, cement, furniture, fertilizers, and fiberglass products
  4. The main suppliers are the United Arab Emirates (UAE), Japan, and the UK
  5. The main Omani export markets are China, Japan, and South Korea
  6. The currency of Oman: Rial (OMR)

The largest Omani companies are located In Muscat:

  1. Suhail Bahwan, retail partner for firms such as Toshiba, Subaru, Seiko, Hewlett-Packard, General Motors, RAK Ceramics
  2. Saud Bahwan Group: Toyota regional distributor, Daihatsu and Hertz Rent-a -Car
  3. Zubair Automotive, Mitsubishi distributor, Chrysler, or Dodge

The Mina Sultan Qaboos is the largest commercial port. The port is also a vital Foreign Trade centre between the Persian Gulf, Indian subcontinent, and Far East with an annual volume of 1.6 million tones.

The creation of the Jebel Ali Free Zone in Dubai - the United Arab Emirates, has made increasingly diminish its importance in the region.

Hasan Juma Backer Trading & Contracting has invested 700 million dollars in the dry port project of the Port of Abidjan.

Oman is a member of the UN, IMF, WTO, Group WB, GCC, Greater Arab Free-Trade Area...

US-Oman Free Trade Agreement:
United States-Oman Free Trade Agreement

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