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OMAN TODAY
Sur Industrial City Organizes Made in Oman Exhibition

       Sur, Nov 11 (ONA) --- 'Made in Oman' Exhibition kicked at Sur City Walk today under the patronage of Dr. Rasheed bin Al Safi al-Hraibi, Chairman of the Tender Board.            Organised by the Public Establishment for Industrial Estates (Madayn), represented by Sur Industrial City, the two-day exhibition is featuring products and services of 40 companies and factories, in addition to the participation of a number of government bodies.              Speaking at ...

NCSI Releases Fourth Issue of National Indicators Guide

           Muscat, Nov 11 (ONA) --- The National Centre for Statistics and Information (NCSI) has released the fourth issue of the National Indicators Guide.           The guide provides a detailed explanation of the most significant indicators in communication sector. In terms of the importance of indicator, methodology of calculation, periodicity and other descriptive information.              The two-chapter guide commences with a preface and an introduction ...

Winners of OCCI Innovation Award Announced

          Muscat, Nov 11 (ONA) --- Out of the 15 projects that reached the final, the judges committee of Oman Chamber of Commerce and Industry (OCCI) Innovation Award today announced the projects at a ceremony held at Hormuz Grand Hotel under the patronage of Sayyid Taimour bin Asa'ad al-Said, Assistant Secretary General for Communications at the Research Council. The projects are as follows: ‘Smart solutions to address medical errors,’ ‘Rubber dragon project and ‘Nano-filtration of microorganisms in urinary tract catheters with ...

Oman Oil Price Rises 47 Cents

             Muscat, Nov 11 (ONA) --- Dubai Mercantile Exchange (DME) said that Oman oil price (January Delivery 2020) today reached 62.43 US Dollars.           The DME statement said that the price of Oman oil today rose 47 cents from the price of last "Friday," which was 61.96 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 ...

Fisheries Investment, Marketing Prospects Seminar to Kick off Monday in Barka

Barka, Nov.09 (ONA) ---- The Fisheries Development Department in the Wilayat of Barka in the Governorate of South Al Batinah, in cooperation with the Directorate General of Fisheries in the Governorates of North and South Al Batinah will organize a seminar on "Fisheries Investment and Marketing Prospects" at Al Sawadi Resort under the patronage of Sheikh Abdullah bin Mohammed al- Braiki, Wali of Barka.     The seminar will include a number of lectures and presentations, such as a lecture on investment opportunities in fishing harbors in the coastal wilayats of the Governorates ...

Madayn to Organize Global Entrepreneurship Week Monday

Muscat, Nov.09 (ONA) ---- The Public Establishment for Industrial Estates – Madayn, represented by the National Business Centre (NBC), will host a one-week series of events in line with the Global Entrepreneurship Week (GEW) starting from tomorrow (Monday) at the Knowledge Oasis Muscat (KOM).    Organized in cooperation with the Public Authority for Small and Medium Enterprises Development (Riyada) and supported by Khimji Ramdas Social Development Arm (Eshraqa), Oman LNG and Round Company, GEW Oman events will be held under the slogan ‘Growth and ...

Omani-Moroccan B2B Meetings to Kick-off Tuesday

Muscat, Nov.09 (ONA) ---- Fifteen high-profile Omani exporters will be participating in a two-day 'Ithraa'-led trade delegation to Morocco.    A series of B2B meetings will be held this Tuesday in Casablanca with Moroccan importers, agents and manufacturers all in an effort to develop new business opportunities and strengthen existing trade and investment ties in food processing, plastics, marble, industrial lubricants and building materials.      'Ithraa’s' trade missions focus on specific sectors where Omani businesses have established ...

This Weeks Economic Bulletin

The Sultanate’s Inflation Drops 0.15% in October        Muscat, Nov.09 (ONA) ---- The inflation rate in the Sultanate, measured by movement in the average Consumer Price Index (CPI), fell by 0.15% in October 2019 compared to the same month in 2018, according to the latest data released by the National Centre for Statistics and information (NCSI) on consumer prices’ index.    However, according to the report, the inflation rate in October rose by 0.18% compared to September 2019. The food and non-alcoholic beverages group witnessed a ...

Oman Oil & Orpic Group not to Proceed with PTA Project

       Muscat, Nov 7 (ONA) --- Oman Oil and Orpic Group will not proceed with its plans for a large-scale purified terephthalic acid (PTA) plant within Sohar Industrial Port in 2019 following a review of the feasibility of the project.       The proposed plant was designed for a production capacity of 1.1 million tons per annum of PTA as a brownfield expansion to its existing Aromatics plant in Suhar.       The Group continues to be committed to investing in other growth projects. Liwa Plastics Industrial Complex, a USD 6.7 ...

CBO Releases its Seventh Financial Stability Report

        Muscat, Nov 7 (ONA) --- The Central Bank of Oman (CBO) today released its seventh issue of the Financial Stability Report (FSR).            The FSR 2019 indicates that improvement in oil prices and progress on economic diversification were the main catalysts of economic growth in the Sultanate. While acknowledging the challenges faced by the national economy and the need to continue to push for deeper reforms, the FSR notes that Sultanate is on the right track of further economic and fiscal reforms, and expresses ...

MSM Gains 10 Points

         Muscat, Nov 7 (ONA) --- Muscat Securities Market (MSM) general index (30) today added (10.57) points, comprising a rise by (0.262%) to close at (4040.59) points, compared to the last session, which stood at (4030.02) points.                          The trading value today stood at (RO 996,304), comprising a decline by (26.42%) compared to the last session, which stood at (RO 1,354,091).         The report released by MSM ...

Oman Oil Price Declines 63 Cents

          Muscat, Nov 7 (ONA) --- Dubai Mercantile Exchange (DME) said that Oman oil price (January Delivery 2020) today reached 62.12 US Dollars.          The DME statement said that the price of Oman oil today declined 63 cents from the price of yesterday "Wednesday," which was 62.75 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 ...

Tender Board Awards Over RO78 Million Developmental Projects

Muscat, Nov.06 (ONA) ---- The Tender Board awarded a number of additional projects and works to complement developmental projects in various fields valued at RO78,057,157 million during its tenth meeting today under the chair of Dr. Rashid bin Al Safi al- Huraibi, Chairman of the Tender Board.    The Board also discussed several topics related to tenders and additional works that complement the developmental projects.    Among the most important projects approved by the Board are:       •    Construction of two dams for groundwater ...

Omani Rial Exchange Rate Index Grows 2.1 Percent

Muscat, Nov 6 (ONA) --- The effective exchange rate index of the Omani Rial rose by 2.1% to 105.8 points as at the end of August 2019 compared to 103.6 points during the same period in 2018, indicating the currency has enhanced purchasing power.              The narrow money supply (M1) registered a decline by 0.4% to reach RO 5.1 billion by the end of August 2019. Meanwhile, broad money supply (M2) rose by 4.5% to reach RO 17.2 billion during the period as against RO 16.5 billion in the previous year, according to data released by the ...

The Sultanate Hosts 3rd Regional Workshop and 3rd Meeting on Internet Policies

Muscat, Nov 6 (ONA) --- The Sultanate, represented in the Telecommunications Regulatory Authority (TRA), and in collaboration with the Internet Society (ISOC) hosted the third regional workshop and the third meeting on internet policies.   The workshop was inaugurated by Dr. Hamad bin Salim Al-Rawahy, Executive President of TRA.          This comes within the efforts made to keep abreast of the digital transformation and laying a solid base towards the creation of a sound legal and regulatory environment.        This event is ...

Assessment Stage of National Leadership Programme for Middle and Senior Management Begins

Muscat, Nov 6 (ONA) --- The National Leadership Programme for Middle/Senior Management (Etimad) commenced the assessment stage of the nominated applicants to be shortlisted to join the Programme; as the Programme’s candidates will have to pass a number of tests and an interview before joining the first batch of the Programme, which will include 500 participants from major private sector companies operating in various sectors.         More than 350 candidates participated in the evaluation center tests in Muscat and Salalah; as the candidates underwent a ...

MSM Gains 3 Points

Muscat, Nov 6 (ONA) --- Muscat Securities Market (MSM) general index (30) today added (3.85) points, comprising a rise by (0.096%) to close at (4030.02) points, compared to the last session, which stood at (4026.17) points.                            The trading value today stood at (RO 1,354,091), comprising a rise by (10.5%), compared to the last session, which stood at (RO 1,224,986).         The report released by MSM pointed out that the market value ...

Oman Oil Price Rises 27 Cents

Muscat, Nov 6 (ONA) --- Dubai Mercantile Exchange (DME) said that Oman oil price (January Delivery 2019) reached 62.75 US Dollars.    The DME statement said that the price of Oman oil today rose 27 cents from the price of Yesterday "Tuesday," which was 62.48 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.   --- ...

The Sultanate Airports to Host World Travel Awards Grand Final Gala Ceremony 2019

        Muscat, Nov 5 (ONA) --- The Sultanate will host the World Travel Awards (WTA) Grand Final Gala Ceremony 2019 on 28 November.         Now in its 26th edition, WTA has partnered with Oman Airports to host its highly-anticipated ceremony in the Sultanate for the first time. The red carpet event will be held at the Royal Opera House Muscat, with hundreds of senior representatives of leading airlines, hotels and tourism companies in attendance, making it one of the largest ever events of its kind to be hosted in ...

MSM Gains 5 Points

        Muscat, Nov 5 (ONA) --- Muscat Securities Market (MSM) general index (30) today added (5.29) points, comprising a rise by (0.132%) to close at (4026.17) points, compared to the last session, which stood at (4020.88) points.               The trading value today stood at (RO 1,224,986), comprising a decline by (23.4%), compared to the last session, which stood at (RO 1,598,690).               The report released by MSM pointed out that the market value ...

Oman Air Excels in quiet, Environmentally Friendly Service to London

     Muscat, Nov 5 (ONA) --- Oman Air, the national airline of the Sultanate of Oman, has once again been recognized as the one of the cleanest and quietest airlines serving London’s Heathrow Airport.       Heathrow has some of the world’s toughest rules and regulations related to noise, which promote the use of best-in-class aircraft and flying them in the quietest way possible. As part of its ongoing growth and modernization, Oman Air is proud to fly the B787 Dreamliner, one of the world’s quietest, most-efficient commercial aircraft, ...

Omani Firms Head for Morocco

       Muscat, Nov 5 (ONA) --- Fifteen high-profile Omani exporters will be participating in a two-day Ithraa-led trade delegation to Morocco.        A series of B2B meetings will be held during 12 - 14 November in Casablanca with Moroccan importers, agents and manufacturers all in an effort to develop new business opportunities and strengthen existing trade and investment ties in food processing, plastics, marble, industrial lubricants and building materials.        Ithraa’s trade missions focus on specific ...

BTM Workshop Identifies Logistics Technical Challenges

Muscat, Nov 5 (ONA) --- EJAAD Establishment, in collaboration with ASYAD, have successfully conducted a Business Technology Mapping (BTM) workshop for the logistics sector with over 25 stakeholders attending, a first for the Sultanate on a sector-wide scale.       BTM is a technical workshop that aims to identify technical challenges within the selected areas and match them to fit for purpose and feasible technological solutions, as the proposed solutions will help the participating companies.       The BTM workshop focused on three focus areas; ...

CBO Treasury Bills Tender Results

Muscat, Nov 5 (ONA) --- A tender of Government Treasury Bills, issue number 085, 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 41 million, for a maturity period of 28 days, from 6 November 2019 until 4 December 2019. The average accepted price reached 99.864 for every RO 100, and the minimum accepted price arrived at 99.860 per RO 100. The average discount rate and the average yield reached 1.77254% and 1.77495%, ...

Oman Oil Price Rises 61 Cents

Muscat, Nov 5 (ONA) --- Dubai Mercantile Exchange (DME) said that Oman oil price (January Delivery 2020) today reached 62.48 US Dollars.          The DME statement said that the price of Oman oil today rose 61 cents from the price of yesterday "Monday," which was 61.87 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. --- ...

PASI Board Approves 2020 Budget

Muscat, Nov.04 (ONA) ---- The Board of Directors of the Public Authority for Social Insurance (PASI) held today the third regular meeting of the year under the chair of Sheikh Abdullah bin Nasser al- Bakri, Minister of Manpower and Chairman of PASI Board of Directors.     The meeting reviewed a number of projects related to the organization of some financial aspects of the Authority.  It approved the general budget for 2020.  It was briefed on the developments of some construction projects.     The meeting also reviewed the memoranda submitted to it on ...

Agreement Worth RO 2.5 Million Signed for Development of Truck Rest Area in Sohar Freezone

Muscat, Nov 4 (ONA) --- SOHAR Port and Freezone celebrated its 15th Anniversary in a glittering ceremony at the Kempinski Hotel Muscat today under the patronage of Dr. Ahmed bin Mohammed Al Futaisi, Minister of Transport.           Commenting on the event, Dr. Al Futaisi said, “15 years since the inception of SOHAR, we are proud to have established a world-class port on the coasts of the Sultanate of Oman to serve the region and the world. SOHAR Port has become a pivotal part of the logistics sector in the Sultanate and a major ...

The Sultanate Participates in UN Industrial Development Organization General Conference

Muscat, Nov 4 (ONA) --- The Sultanate participated in the 18th session of the United Nations Industrial Development Organization (UNIDO) General Conference in Abu Dhabi, beinf held during 3-7 of November 2019.         The delegation is led by Eng. Sami bin Salim Al-Sahib, Directorate General of Industry, Ministry of Commerce and Industry.        The conference is held with the presence of the UNIDO Director- General, HE Li Yong, and representatives of the UNIDO member states with the participation of over 170 ...

MSM Gains 13 Points

        Muscat, Nov 4 (ONA) --- Muscat Securities Market (MSM) general index (30) today added (13.41) points, comprising a rise by (0.335%) to close at (4020.88) points, compared to the last session, which stood at (4007.47) points.                           The trading value today stood at (RO 1,598,690), comprising a decline by (50.3%), compared to the last session, which stood at (RO 3,217,924).         The report released by ...

Madayn to Organize Global Entrepreneurship Week next Monday

Muscat, Nov 4 (ONA) --- The Public Establishment for Industrial Estates – Madayn, represented by the National Business Centre (NBC), will host a one-week series of events in line with the Global Entrepreneurship Week (GEW) starting from next Monday at the Knowledge Oasis Muscat (KOM).   Organized in cooperation with the Public Authority for Small and Medium Enterprises Development (Riyada) and supported by Khimji Ramdas Social Development Arm (Eshraqa), Oman LNG and Round Company, GEW Oman events will be held under the slogan ‘Growth and ...