News

Muscat, 26 Apr (ONA) --- The total value of property transactions in the Sultanate of Oman by the end of March 2022 declined by 14.9% to reach RO 587.5 million compared to the same period of 2021, showed the latest data by the National Centre for Statistics and Information (NCSI).Oman’s government collected RO 16.2 million as real estate transaction fees by the end of March 2022, comprising a drop by 23.7%.The traded value of sale contracts also fell by 5.3% to reach RO 299.1 million. The number of sale contracts went down by 22.4% to reah 19,265 contracts, compared to 24,816 ...

Muscat, 26 Apr (ONA) --- A tender of Government Treasury Bills, issue number 160, worth RO 160 million was issued this week. Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides theadded advantage of ready liquidity through discounting and repurchase facilities (Repo). The results of the said issue are as follows:The total value of the allotted Treasury bills amounted to ...

Muscat, 26 Apr (ONA) --- Oman oil price (June Delivery 2022) today reached 99.23 US Dollars, comprising a decline by 29 cents from the price of yesterday (Monday), which was 99.52 US Dollars. The average price of Oman oil (April Delivery 2022) has stabilized at 91.96 US Dollars, thus 8.34 US Dollars per barrel higher than March Delivery 2022. --- Ends/Anas ...

Muscat, 25 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (24.4) points, comprising a drop by (0.58%) to close at (‪‪‪‪4194.90) points, compared to the last session, which stood at (‪‪‪‪‪‪4219.30) points.The trading value today stood at (RO 9,954,796), comprising a surge by (38.5%), compared to the last session, which stood at (RO 7,188,269).The report released by MSX pointed out that the market value went down by (0.067%) to reach about (RO 22.29) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Muscat, 25 Apr (ONA) --- Oman oil price (June Delivery 2022) today reached 99.52 US Dollars, comprising a decline by 5.45 US Dollars from the price of last (Friday), which was 104.97 US Dollars.The average price of Oman oil (April Delivery 2022) has stabilized at 91.96 US Dollars, thus 8.34 US Dollars per barrel higher than March Delivery ...

Muscat, 24 Apr (ONA) --- The Ministry of Commerce, Industry and Investment Promotion, in cooperation with the government and private sectors, launched at Oman Convention and Exhibition Center today 18 investment opportunities with a total investment volume of more than RO 1.5 billion. These opportunities will be concentrated on the tourism and circular economy sectors for waste management projects. These opportunities, which will be announced through the “Invest in Oman” platform, focus on the areas of recycling waste electrical and electronic equipment, implementing a biogas ...

Muscat, 24 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (16.01) points, comprising a drop by (0.38%) to close at (‪‪‪‪4219.30) points, compared to the last session, which stood at (‪‪‪‪‪‪4235.30) points. The trading value today stood at (RO 7,188,269), comprising a surge by (103.6%), compared to the last session, which stood at (RO 3,531,175). The report released by MSX pointed out that the market value went down by (0.025%) to reach about (RO 22.30) billion. The report added that the value of shares bought by non-Omani investors ...

Muscat, 21 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (29.1) points, comprising a drop by (0.68%) to close at (‪‪‪‪4235.30) points, compared to the last session, which stood at (‪‪‪‪‪‪4264.44) points.The trading value today stood at (RO 3,531,175), comprising a decline by (27.3%), compared to the last session, which stood at (RO 4,860,436).The report released by MSX pointed out that the market value went down by (0.270%) to reach about (RO 22.31) billion.The report added that the value of shares bought by non-Omani investors reached ...

Muscat, 21 Apr (ONA) --- The Ministry of Heritage and Tourism signed here today 7 land development (usufruct) agreements to set up tourism projects on government land plots registered at the ministry. The projects include the construction of a 4-star hotel in the Wilayat of Mirbat featuring 100 rooms and restaurants, the Governorate of Dhofar, five tourism camps boasting 149 rooms in the Wilayat of Bidia, the Governorate of North A’Sharqiyah, restaurants and recreational facilities, and a project in Al Jabal Al Akhdar, Governorate of A’Dakhiliyah, comprising a set of ...

Muscat, 21 Apr (ONA) --- Oman oil price (June Delivery 2022) today reached 106.12 US Dollars, comprising a rise by 58 cents from the price of yesterday (Wednesday), which was 105.54 US Dollars. The average price of Oman oil (April Delivery 2022) has stabilized at 91.96 US Dollars, thus 8.34 US Dollars per barrel higher than March ...

Washington, 20 Apr (ONA) --- Oman’s Gross Domestic Product (GDP) will grow by 5.6% in 2022 and by 2.7% in 2023, said the recent report of the International Monetary Fund (IMF) titled “World Economic Outlook”.The report indicated that Oman’s current account balance is expected to go up by 5.9% during 2022 and by 5.6% during 2023.The IMF also indicated that the inflation rate is expected to rise by 3.7% in 2022 and 2.2% in 2023. --- Ends/Anas/KH ...

Muscat, 20 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (2.5) points, comprising a rise by (0.06%) to close at (‪‪‪‪4264.44) points, compared to the last session, which stood at (‪‪‪‪‪‪4261.99) points.The trading value today stood at (RO 4,860,436), comprising a surge by (55.3%), compared to the last session, which stood at (RO 3,129,301).The report released by MSX pointed out that the market value went up by (0.019%) to reach about (RO 22.37) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Muscat, 20 Apr (ONA) --- The Ministry of Housing and Urban Planning and Oman Broadband company signed here today an agreement for setting up the inactive fiber optic infrastructure for the integrated neighborhoods initiative “Surouh”.As per the agreement, Oman Broadband company will establish, operate and lease the inactive fiber optic and communications infrastructures. The step aims to provide communications and fiber optic services in all facilities that require a connection to the internet.The agreement was signed by Eng. Hamad Ali Al Nazwani, Undersecretary for Housing and ...

Muscat, 20 Apr (ONA) --- Oman oil price (June Delivery 2022) today reached 105.54 US Dollars, comprising a decline by 3.03 US Dollars from the price of yesterday (Tuesday), which was 108.57 US Dollars. The average price of Oman oil (April Delivery 2022) has stabilized at 91.96 US Dollars, thus 8.34 US Dollars per barrel higher than March Delivery 2022. --- ...

Beijing, 19 Apr (ONA) --- Buyers around the world are lining up to purchase electric vehicles (EV) in 2022 even with sticker prices surging, flipping the script on a decade and a half of conventional auto industry wisdom that EV sales would break out only after battery costs dropped below a threshold that was always just over the horizon.This year, EV demand has stayed strong even as the average cost of lithium-ion battery cells soared to an estimated $160 per kilowatt-hour in the first quarter from $105 last year. Costs rose due to supply chain disruptions.For a smaller vehicle like ...

Muscat, 19 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (8.3) points, comprising a rise by (0.20%) to close at (‪‪‪‪4261.99) points, compared to the last session, which stood at (‪‪‪‪‪‪4253.65) points. The trading value today stood at (RO 3,129,301), comprising an increase by (37.3%), compared to the last session, which stood at (RO 2,279,881). The report released by MSX pointed out that the market value went up by (0.085%) to reach about (RO 22.37) billion. The report added that the value of shares bought by non-Omani investors ...

Muscat, 19 Apr (ONA) --- A tender of Government Treasury Bills, issue number 138, worth RO 77.5 million was issued this week. Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides theadded advantage of ready liquidity through discounting and repurchase facilities (Repo). The results of the said issue are as follows:The total value of the allotted Treasury bills ...

Muscat, 19 Apr (ONA) --- Oman oil price (June Delivery 2022) today reached 108.57 US Dollars, comprising a rise by 49 cents from the price of yesterday (Monday), which was 108.08 US Dollars. The average price of Oman oil (April Delivery 2022) has stabilized at 91.96 US Dollars, thus 8.34 US Dollars per barrel higher than March Delivery 2022. ---Ends/Thuraiya/AG ...

Muscat, 18 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (4.8) points, comprising a drop by (0.11%) to close at (‪‪‪‪4253.65) points, compared to the last session, which stood at (‪‪‪‪‪‪4258.46) points.The trading value today stood at (RO 2,279,881), comprising a decline by (46.2%), compared to the last session, which stood at (RO 4,237,485).The report released by MSX pointed out that the market value went down by (0.151%) to reach about (RO 22.35) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Muscat, 18 Apr (ONA) --- Oman oil price (June Delivery 2022) today reached 108.08 US Dollars, comprising a rise by 2.72 US Dollars from the price of last (Thursday), which was 105.36 US Dollars. The average price of Oman oil (April Delivery 2022) has stabilized at 91.96 US Dollars, thus 8.34 US Dollars per barrel higher than March Delivery 2022. --- Ends/Anas ...

Muscat, 17 Apr (ONA) --- Oman Post and Asyad Express, an affiliate of Asyad Group, in cooperation with the Authority for Small and Medium Enterprises Development (ASMED), today announced that beginning of registration for small and medium enterprises (SMEs) to provide postal and courier services in various governorates of the Sultanate of Oman.The registration began today and will be ongoing for one week.Nasser Ahmed Al Sharji, CEO of Oman Post and Asyad Express said that this initiative came within the framework of utilizing sale outlets and increasing postal service points all over ...

Muscat, 17 Apr (ONA) --- In continuation of its governance efforts to enhance the general performance of its companies and achieve better alignment and integration, Oman Investment Authority (OIA) organized the Rawabet Fifth Forum. The event was attended by many high-profile professionals, including several ministers and undersecretaries, chairpersons and CEOs of OIA companies, and a number of specialists. In his opening remarks, Abdualsalam Al Murshidi OIA Chairmansaid, “There are indicators of growthin OIA’s National Development portfolio. Currently, two ...

Muscat, 17 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (19.2) points, comprising a rise by (0.45%) to close at (‪‪‪‪4258.46) points, compared to the last session, which stood at (‪‪‪‪‪‪4239.24) points.The trading value today stood at (RO 4,237,485), comprising a drop by (7.3%), compared to the last session, which stood at (RO 4,572,629).The report released by MSX pointed out that the market value went up by (0.273%) to reach about (RO 22.38) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Muscat, 17 Apr (ONA) --- The Ministry of Commerce, Industry and Investment Promotion issued decision No. (386/2022) on providing electronic payment services for consumers.Article (1) stipulates that establishments and commercial companies operating in the activities of selling foodstuff, gold and silver, restaurants and cafes, selling vegetables and fruits, electronics, building materials and tobacco products, as well as all activities in industrial zones, complexes, malls and gift markets are mandated to provide the electronic payment service for all consumers.The move seeks to ...

Muscat, 14 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (35.04) points, comprising a drop by (0.82%) to close at (‪‪‪‪4239.24) points, compared to the last session, which stood at (‪‪‪‪‪‪4274.28) points. The trading value today stood at (RO 4,572,629), comprising a rise by (26.4%), compared to the last session, which stood at (RO 3,617,325). The report released by MSX pointed out that the market value went down by (0.258%) to reach about (RO 22.32) billion. The report added that the value of shares bought by non-Omani investors ...

Frankfurt, 14 Apr (ONA) --- The head of the European Central Bank could drop more hints today about when the bank will start raising interest rates, with pressure increasing to follow the United States (US), United Kingdom (UK) and other countries in taking a harder line to combat soaring consumer prices. People in the 19 countries that use the euro currency have seen costs increase for everything from food to fuel as inflation rose to an annual rate of 7.5% last month, the highest since statistics began in 1997. Driven by energy prices that have soared ever higher since Russia ...

Muscat, 14 Apr (ONA) --- Oman oil price (June Delivery 2022) today reached 105.36 US Dollars, comprising a rise by 3.01 US Dollars from the price of yesterday (Wednesday), which was 102.35 US Dollars. The average price of Oman oil (April Delivery 2022) has stabilized at 91.96 US Dollars, thus 8.34 US Dollars per barrel higher than March Delivery 2022. --- Ends/Anas ...

Tokyo, 13 Apr (ONA) --- Asian shares were mostly higher today after new data showed inflation in the US, while still at a 40-year high, was not as bad as some analysts had expected. Benchmarks rose in Japan, South Korea, Hong Kong and Australia. US futures were also higher, while oil prices were little changed. Shares fell in Shanghai after the Chinese government reported that exports rose nearly 16% in March 2022 from a year earlier while imports were flat. The easing of a COVID-19 lockdown in Shanghai was another encouraging factor. Shanghai released 6,000 more people from ...

London, 13 Apr (ONA) --- British consumer prices rose at the fastest pace in 30 years last month, fueled by soaring prices for household energy and motor fuels, the government statistics agency reported today. UK inflation accelerated to 7% in the 12 months through March, the highest annual rate since March 1992, the Office for National Statistics (ONS) said. The UK faces what economists say will be the biggest drop in living standards since the mid-1950s as rocketing energy costs, rising food prices and tax increases overshadow rising wages. Disposable household incomes, ...

Muscat, 13 Apr (ONA) --- Khazaen Dry Port launched the partial shipment solutions service through various commercial ports and land ports in the Sultanate of Oman.Juma Ibrahim Al Maskari, CEO of Khazaen Dry Port said that the service of partial shipment solutions will provide support for various industries, as well as small and medium enterprises (SMEs) by providing high quality logistic solutions with minimum cost. This service will contribute to the competitiveness of Oman and it will enhance its position in the global trade map.Khazaen Dry Port, which began its operations in 2021, ...