Diamond discussion during Sultan's Botswana visit
His Majesty Sultan and the Botswana President agreed to strengthen the partnerships between their countries across six sectors during an official visit aimed at enhancing economic relations and cooperation between Oman and Botswana. The Ministry of Economy also revealed indicators and opportunities for investment in Botswana, while the Central Bank of Oman announced an increase in the interest rate to 4.5%. The visit also highlighted the importance of diamonds in the relations between the two nations and took place amid ongoing consultations by the Sultanate with Iran and Gulf countries to ensure safe navigation in the Strait of Hormuz.
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