News

OMAN TODAY
Operations to Expand A’Suwaiq Commercial Wharf Begin

A’Suwaiq, Nov 3 (ONA) --- The expansion operations for the commercial wharf at A’Suwaiq Port in the Governorate of North Al Batinah today began in the presence of Dr. Ahmed bin Mohammed al-Futaisi, Minister of Transport, officials and specialists from government and private institutions.            The expansion of the commercial wharf in A’Suwaiq Port, which was supervised by ASYAD Marafi Company, includes the expansion of the existing commercial wharf at A’Suwaiq Port to 300 meters (length), 40 meters (width) and 5 meters ...

MSM Gains 7 Points

          Muscat, Nov 3 (ONA) --- Muscat Securities Market (MSM) general index (30) today added (7.59) points, comprising a rise by (0.190%) to close at (4007.47) points, compared to the last session, which stood at (3999.88) points.                          The trading value today stood at (RO 3,217,924), comprising an increase by (134.6%), compared to the last session, which stood at (RO 1,371,527).         The report released ...

Sur Industrial City to Organize Made in Oman Exhibition tomorrow

Muscat, Nov 3 (ONA) --- The Public Establishment for Industrial Estates – Madayn, represented by Sur Industrial City, is all set to organise 'Made in Oman' Exhibition tomorrow Monday under the patronage of Dr. Rasheed bin Al Safi Al Huraibi, Chairman of the Tender Board.        The two-day exhibition, which will be held at Sur City Walk, comes along the lines of the Sultanate's celebrations of the 49th National Day.       Companies and factories based at Sur Industrial City will take part at the event to ...

Over 10K Tourists Visit Land of Frankincense and Salut Archaeological Sites

Salalah, Nov 3 (ONA) --- The number of visitors to Land of Frankincense sites in the Governorate of Dhofar and Salut Archaeological Site in the Wilayat of Buhla in A'Dhakiliya Governorate during last October stood at 10842, according to statistics from the Department of Frankincense Land Sites at the Office of His Majesty the Sultan's Advisor for Cultural Affairs.         Al Baleed Archaeological Park and Frankincense Land Museum received 5226 visitors, Samahram Archaeological Site received 3750 visitors while Wadi Dokka received 268 ...

Seabourn Angkor Cruise Ship Visits Salalah Port

Salalah, Nov 3 (ONA) --- The cruise ship "Seabourn Angkor" visited Salalah Port today with "540" passengers on its board from different nationalities as part of its tour program to several ports around the world.       The "Seabourn Angkor" cruise ship came from Aqaba Port in Jordan and it will head to Port Sultan Qaboos.         The ship's passengers toured the most important archeological and historic landmarks in the Governorate of Dhofar, besides visiting the beaches and the traditional markets in ...

Commerce, Industry Ministry to Begin Receiving Busoor Harvest Tomorrow

Muscat, Nov.02 (ONA) ---- The Ministry of Commerce and Industry will begin receiving Busoor harvest 2019 from tomorrow (Sunday) including types locally called Al Mabsali, Abu Naranja and Al Madlooki from all the governorates of the Sultanate, in Al Busoor warehouse of the ministry in Wadi Al Kabir, according to the procedures in force in the past years. The deadline for receiving Busoor will be December 31st 2019.      The ministry pointed out that the work has been assigned to Oman Dates Production and Packing Company, which will carry out the handling, processing, marketing ...

Granting Over 2,000 Industrial Licenses in 2019 Q2

Muscat, Nov.02 (ONA) ---- The Ministry of Commerce and Industry explained that the number of industrial licenses granted to establishments in the second quarter of this year amounted to 2,164 industrial licenses, as 832 licenses were granted in April, 750 licenses in May and 582 licenses in June.       The statistics department at the ministry indicated that the number of customs exemptions during the second quarter of this year amounted to 66 exemption requests compared to 61 applications during the same period last year.  The number of tax exemptions during the ...

Registering Above One Thousand One-Person Companies Since 26 May

Muscat, Nov.02 (ONA) ---- The number of one-person companies approved by the new Commercial Companies Law issued by the Royal Decree No. (18/2019) since the decision came into force on May 26th 2019 until last October 20th, reached 1,086 companies.  Applications are submitted electronically through “Invest Easy" portal.     The Ministry of Commerce and Industry pointed out that the one-person company is considered a category of new commercial companies, a limited liability company whose capital is wholly owned by one natural or legal person.    The Ministry ...

This Weeks Economic Bulletin

Number of passengers in Sultanate airports until  August End 2019 Reaches 12 million      Muscat, Nov.02 (ONA) ---- The total number of passengers travelling through airports in the Sultanate (Muscat, Salalah, Sohar and Duqm) until the end of August 2019 reached 12.04 million passengers. Meanwhile, the number of arriving and departing flights from Muscat International, Salalah and Sohar  Airports by the end of August 2019 reached 75,971 flights, according to the latest reported preliminary data released by the National Centre for Statistics and Information ...

SFZ Signs Three Usufruct Agreements Worth $ 145 Million

Salalah, Oct 31 (ONA) --- The Salalah Free Zone (SFZ) signed three usufruct agreements for the establishment of a food processing plant, a trade and services complex and an international training center for allied medicine with an investment value of 145 $ million.       A 96,000 square meter food processing plant will be established to provide commercial warehouses for the food and beverage industry, logistics and warehousing. A 20,000 square meter trading and service complex will include a number of offices and service facilities for businessmen to conduct their ...

GCC Standing Committee for Statistical Work Affairs Meets

     Muscat, Oct.31 (ONA) ---- The GCC Standing Committee for Statistical Work Affairs held its fourth meeting today at the GCC Statistical Centre in Muscat.    The meeting discussed the measures taken to follow up the implementation of the recommendations of the third meeting of the committee and the work program of the GCC Statistical next year as part of the joint statistical action plan 2020-2030.    The meeting discussed a memorandum to assign GCC Statistical Centre by the GCC ministers responsible for tourism to establish a platform on intra-GCC tourism ...

MSM Loses 12 Points

Muscat, Oct 31 (ONA) --- Muscat Securities Market (MSM) general index (30) today lost (12.91) points, comprising a decline by (0.322%) to close at (3999.88) points, compared to the last session, which stood at (4012.79) points.                         The trading value today stood at (RO 1,371,527), comprising a rise by (38.9%), compared to the last session, which stood at (RO 987,430).         The report released by MSM pointed out that the ...

Oman Oil Price Declines 77 Cents

Muscat, Oct 31 (ONA) --- Dubai Mercantile Exchange (DME) said that Oman oil price (December Delivery 2019) reached 60.88 US Dollars.        The DME statement said that the price of Oman oil today declined 77 cents from the price of yesterday "Wednesday," which was 61.65 US Dollars.       The average price of Oman oil (November Delivery 2019) has stabilized at 61.81 US Dollars, thus 2.13 US Dollars per barrel higher than October Delivery 2019.   --- ...

MoT to Participate in 5 International Exhibitions and Organize Several Events in 2020

        Muscat, Oct 30 (ONA) --- The Ministry of Tourism (MoT) is all set to participate in five major international tourism exhibitions and gearing up to organize several promotional programs in a number of tourism- exporting countries during 2020.        This is as part of its efforts to promote the Sultanate's tourism potentials and services and increase the share of tourism companies and hotel establishments.        Among the most prominent international tourism exhibitions in which the ...

MSM Gains 8 Points

          Muscat, Oct 30 (ONA) --- Muscat Securities Market (MSM) general index (30) today gained (8.4) points, comprising a rise by (0.21%) to close at (4012.79) points, compared to the last session, which stood at (4004.35) points.                         The trading value today stood at (RO 987,430), comprising a decline by (1.5%), compared to the last session, which stood at (RO 1,002,073).         The ...

6th Annual Customer Service Conference Kicks off

            Muscat, Oct 30 (ONA) --- The 6th Annual Customer Service Conference kicked off today. It is known as Amazement Revolution in customer service and the strategies necessary to achieve amazement in customer service, in addition to the six steps to focus on the enterprise environment and how to achieve excellence in service and familiarizing with the difference between customer satisfaction and loyalty.              The event was held under the patronage of Sayyid Salim bin Musallam ...

Oman Air Receives Four Star Rating from APEX

         Muscat, Oct 30 (ONA) --- Oman Air, the national carrier of the Sultanate of Oman, has received a Four Star rating in the Major Airline category; the award, presented recently by the Airline Passenger Experience Association (APEX) at their Passenger Choice Awards ceremony in Los Angeles, was given to less than 10 per cent of the world’s airlines.   "This recognition reflects that everyone who works for Oman Air is focused on delivering world-class service to our guests," said Abdulaziz al-Raisi, Oman Air CEO.   “From our ...

Winners of Design Competition for Madayn Head Office Announced

       Muscat, Oct 29 (ONA) --- Shumookh Investment and Services Company, the investment arm of the Public Establishment for Industrial Estates – Madayn announced today the results of a competition announced by Shumookh for the architectural design of Madayn’s head office building.        The winners’ announcement event was held at the Knowledge Oasis Muscat under the auspices of Hilal bin Hamad Al Hasani, CEO of Madayn.        Eng. Ayman bin Saif Al Qari was selected as the first ...

MSM Declines by 0.024 Percent

          Muscat, Oct 29 (ONA) --- Muscat Securities Market (MSM) general index (30) today lost (0.97) point, comprising a decline by (0.024%) to close at (4004.35) points, compared to the last session, which stood at (4005.32) points.                         The trading value today stood at (RO 1,002,073), comprising a decline by (0.2%), compared to the last session, which stood at (RO 1,004,462).         The report ...

Omani, Hungarian Forum Discusses Ways to Promote Economic Relations

          Budapest, Oct 29 (ONA) --- Oman Chamber of Commerce and Industry (OCCI), in cooperation with the Budapest Chamber of Commerce and Industry (BCCI) organized at the BCCI headquarters today the Omani-Hungarian Forum to promote trade relations between the Sultanate and Hungary.             The OCCI delegation is led by Qais bin Mohammed al-Yousef, OCCI Chairman.             The forum included presentations from both sides on the bilateral ...

2020 Census Technical Committee Organizes Workshop to Discuss Project Developments

          Muscat, Oct 29 (ONA) --- The Technical Committee for the Electronic Census of Population, Housing and Establishments 2020 held its third meeting for 2019 under the chair of Dr. Khalifa bin Abdullah al-Barwani, CEO of the National Center for Statistics and Information (NCSI).            On the sidelines of the meeting, a workshop was organized with the participation of members of the Technical Committee and the databases' working teams to view the current status of the project. It also discussed the ...

Residential Plot Allotment Drops by 23 Percent

        Muscat, Oct 29 (ONA) --- The Ministry of Housing allotted a total of 19,992 residential properties across the country till the end of September 2019, compared to 25,953 plots in the same period of 2018, which is a decrease of 23%, according to statistics released by the National Centre for Statistics and Information (NCSI).         The Governorate of A'Dakhiliya was allotted 5,808 residential plots till the end of September 2019, which is the highest among governorates.        This ...

CBO Announces Treasury Bills Tender Results

Muscat, Oct 29 (ONA) --- A tender of Government Treasury Bills, issue number 145, was held at the Central Bank of Oman (CBO) this week.     The results of issue are as follows: The total value of the allotted Treasury bills amounted to RO 45 million, for a maturity period of 182 days, from 30th October, 2019 until 29th April, 2020.         The average accepted price reached 99.043 for every RO 100, while the minimum accepted price arrived at 99.040 per RO 100. Whereas the average discount rate and the average yield ...

Oman Oil Price Declines 93 Cents

Muscat, Oct 29 (ONA) --- Dubai Mercantile Exchange (DME) said that Oman oil price (December Delivery 2019) reached 61.11 US Dollars.        The DME statement said that the price of Oman oil today declined 93 cents from the price of last "Friday," which was 62.04 US Dollars.       The average price of Oman oil (November Delivery 2019) has stabilized at 61.81 US Dollars, thus 2.13 US Dollars per barrel higher than October Delivery 2019.   --- ...

Ejaad Leadership Forum Kicks-off

Muscat, Oct 28 (ONA) ---- The Ejaad Leadership Forum was inaugurated today at the Oman Convention and Exhibition Center under the patronage of Eng. Salem bin Nasser Al Oufi, Undersecretary of the Ministry of Oil and Gas, in the presence of CEOs and senior officials of oil and gas companies, as well as representatives of the academic and research sector in the Sultanate.         The forum witnessed the signing of (11) Memorandum of Understanding (MoU) for industrial and research projects.      The forum included two panel ...

Ministerial Committee of GCC Capital Markets Boards Meets

           Muscat, Oct 28 (ONA) --- The Ministerial Committee of the Board of Directors of the GCC Capital Markets held its 8th meeting today. The Knowledge Portal for the GCC Capital Markets was launched as an online platform for training, research and studies related to capital markets.             The meeting was chaired by Yahya bin Said al-Jabri, Chairman of the Board of Directors of the Capital Market Authority (CMA).              The Committee ...

MSM Gains 18 Points

          Muscat, Oct 28 (ONA) --- Muscat Securities Market (MSM) general index (30) today added (18.75) points, comprising a rise by (0.470%) to close at (4005.32) points, compared to the last session, which stood at (3986.57) points.                          The trading value today stood at (RO 1,004,462), comprising a rise by (183.8%), compared to the last session, which stood at (RO 353,950).         The report released by ...

Oman Oil Price Declines 35 Cents

Muscat, Oct 28 (ONA) --- Dubai Mercantile Exchange (DME) said that Oman oil price (December Delivery 2019) today reached 62.04 US Dollars.           The DME statement said that the price of Oman oil today declined 35 cents from the price of last "Friday," which was 62.39 US Dollars.              The average price of Oman oil (November Delivery 2019) has stabilized at 61.81 US Dollars, thus 2.13 US Dollars per barrel higher than October Delivery 2019. --- ...

GCC Power Conference and Exhibition 2019 Kicks off

               Muscat, Oct 27 (ONA) --- Deliberations of the GCC Power 2019 Conference and Exhibition kicked off at Oman Convention and Exhibition Centre today under the patronage of Eng. Salim bin Nasser al-Aufi, Undersecretary of the Ministry of Oil and Gas.              The three-day conference discusses more than 70 papers and showcases more than 50 posters on electricity transmission and interconnection, renewable energy developments and solutions in the GCC ...

Heads of GCC Capital Markets Authorities Meets

     Muscat, Oct.27 (ONA) ---- The Capital Market Authority (CMA) in cooperation with the GCC Secretariat General today held the 19th meeting of the Heads of the Capital Market Authorities (or their equivalent) emanating from the GCC Ministerial Committee at Advisory Body of the GCC Supreme Council in Muscat.    The meeting was chaired by Abdullah bin Salim al- Salmi, CEO of the Capital Market Authority.    It discussed a number of topics on the agenda related to the integration of capital markets in the GCC countries, the potential for applying the ...