News

Tender Results of Government Treasury Bills Worth RO 47 Million Issued Muscat, 1 Dec 2025 (ONA) --- The total issuance of Government Treasury Bills amounted to RO 47 million this week, for a maturity period of 91 days. The average accepted price reached RO 99.055 for every RO 100, and the minimum accepted price arrived at RO 99.045 per RO 100. The average discount rate and the average yield reached 3.79038% and 3.82655%, respectively. The value of the allotted Treasury bills amounted to RO 32 million, for a maturity period of 182 days. The average accepted price reached ...

Major Industrial Projects Worth Over RO 900 Million Launched Muscat, 1 Dec 2025 (ONA) --- A number of industrial cities, free zones, and economic zones are witnessing the launch of six major industrial projects, with total investments reaching RO 906 million. These projects represent a pivotal phase in the government's efforts aimed at increasing the contribution of the industrial sector to the national economy and enhancing its ability to attract qualitative investments that support vital and promising sectors. These projects are expected to contribute to an increase in ...

Oil Jumps Over 1.5% as OPEC+ Holds OutputSingapore, 1 Dec 2025 (ONA) --- Oil prices rose by more than 1.5% in early Asian trading today after the OPEC+ alliance decided to maintain current production levels, shelving a previously planned output increase for the first quarter of next year (2026). Brent crude futures advanced 94 cents, or 1.51%, to $63.32 a barrel, while US West Texas Intermediate (WTI) crude gained 90 cents, or 1.54%, to $59.45 a barrel. OPEC+ confirmed at its meeting on Sunday that it would keep oil output unchanged during January, February and March 2026, as it adopts a ...

Gold Eases from Three-Week HighSingapore, 1 Dec 2025 (ONA) --- Gold prices retreated from a three-week high in early Asian trading today amid growing expectations of a US interest rate cut later this month. Spot gold slipped about 0.2% to $4,221.68 per ounce, after touching its highest level since 13 November 2025. US gold futures for December delivery edged up around 0.2% to $4,261.60 per ounce, while silver surged 2.2% to a fresh high of $57.59 per ounce. Among other precious metals, platinum eased 0.2% to $1,669.15, while palladium jumped 2.3% to $1,483.51.--- ...

Dollar Slips on Rate-Cut BetsSingapore, 1 Dec 2025 (ONA) --- The dollar began the month of December on a softer note as investors ramped up bets of a US interest rate cut later this month. Against a basket of currencies, the greenback was down 0.05% to 99.39, having lost 0.7% last week. The Japanese currency extend gains, climbing 0.4% to a session high of 155.49 per dollar, helped by comments from Bank of Japan Governor Kazuo Ueda who left the door open to a near-term rate hike. The euro was up 0.04% at $1.1605, while sterling last bought $1.3239, after having clocked its best week in over ...

Promotional Workshops for Oman Launched in Beijing Beijing, 1 Dec 2025 (ONA) --- Promotional workshops organized by the Ministry of Heritage and Tourism in the People's Republic of China began today in the city of Beijing. The goal is to enhance the Sultanate of Oman's tourism standing in the Chinese market and attract travelers and tourists from the Chinese market. Following Beijing, the Ministry will continue its promotional tour in Shanghai and Guangzhou, lasting until 5 December, with the participation of 22 Omani tourism establishments. Azzan Qassim Al Busaidi, ...

MSX Gains 4 Points Muscat, 1 Dec 2025 (ONA) --- The Muscat Stock Exchange's main index, MSX 30, concluded today's trading at 5,710.38 points, recording a rise of 4.7 point, or 0.08 percent, from the previous session's close of 5,705.72 points. The total value of shares traded reached RO 36,285,582, marking an increase of 6.4 percent compared to the last session's trading value of RO 34,089,116. The MSX official report indicated that the overall market capitalization went up by 0.091 percent from the last trading day, settling at approximately RO 31.66 billion. The value ...

Oman Air Receives its Ninth Boeing 787-9 Dreamliner Aircraft Muscat, 1 Dec 2025 (ONA) --- Oman Air—the national carrier of the Sultanate of Oman—announced the reception of its ninth Boeing 787-9 Dreamliner aircraft. This step underscores its commitment to enhancing its operational processes and modernizing its fleet, and implementing its ambitious strategy for growth and expansion in global markets. Oman Air has leveraged the modern technologies and fuel efficiency of this aircraft type to enhance operational efficiency on several of its key long-haul intercontinental ...

Oman Expands Investment Presence in South African Market Muscat, 1 Dec 2025 (ONA) --- "Invest Oman", represented by the Ministry of Commerce, Industry and Investment Promotion, will begin its visit to the Republic of South Africa tomorrow, Monday, to hold the "Advantage Oman – South Africa" business dialogue. The goal is to enhance investment partnerships and explore economic cooperation opportunities between the two countries. This visit comes within the framework of the Sultanate of Oman's direction towards expanding its network of international partnerships and ...

Oman Green Hydrogen Summit Begins Muscat, 1 Dec 2025 (ONA) --- The 2025 edition of the Green Hydrogen Summit Oman (GHSO) opened today under the theme“Bridging Gaps, Driving Action.” Organized by the Ministry of Energy and Minerals, and in partnership with Hydrom, the Summit served as a platform for a sector update that confirms the Sultanate of Oman’s transition from strategy to execution. While international market conditions continue to reshape developer expectations, Oman’s achievements to date signal a decisive, impact-driven commitment that positions the nation as ...

Oman Oil Price Drops 10 Cent Muscat, 1 Dec 2025 (ONA) --- Oman oil price (February delivery 2026) today reached 64.26 US Dollars, comprising a drop by 10 Cent. The average price of Oman oil (December delivery 2025) has stabilized at 65.04 US Dollars per barrel, thus 5.04 US Dollars per barrel higher than November delivery 2025. ---Ends/AG ...

MSX Closes with Robust Gains, Showcasing Investor Confidence Muscat, 30 Nov 2025 (ONA) --- The benchmark MSX 30 Index of the Muscat Stock Exchange concluded today's trading at 5,705.72 points, posting a substantial gain of 69.7 points, or 1.24 percent, from the previous session's close of 5,635.99 points. Trading activity witnessed a significant surge, with the total turnover reaching RO 34,089,116. This represents a notable increase of 29.4 percent compared to the last session's trading value of RO 26,344,853. The official market report further highlighted that ...

Introductory Programme for Oman Green Hydrogen Summit 2025 Begins Muscat, 30 Nov 2025 (ONA) --- The Ministry of Energy and Minerals today organised the introductory programme for the Oman Green Hydrogen Summit 2025. The programme included the following: the Oman-European Union Green Hydrogen Forum and the Energy Leaders Forum. This introductory programme aims to strengthen international partnerships and coordinate national efforts in preparation for the main summit, highlighting the Sultanate of Oman's readiness to lead the transition in the energy and hydrogen ...

Largest Wind Turbines Arrive at Duqm Port, Signalling Start of Implementation for Wind 1, Wind 2 Projects Duqm, 25 Nov 2025 (ONA) --- OQ Alternative Energy, a subsidiary of OQ Group, marked the arrival of the first batch of wind turbines for the Wind 1 and Wind 2 projects at Duqm Port in the Special Economic Zone at Duqm (SEZAD). These projects constitute the largest wind farms under construction in the Sultanate of Oman. The shipment includes unprecedented standard components that are the first of their kind in the Sultanate of Oman. The total height of each turbine reaches ...

FSA Reduces Dividend Distribution Period for Shareholders to 7 Days Muscat, 25 Nov 2025 (ONA) --- The Financial Services Authority (FSA) issued a circular to all public joint-stock companies and investment funds mandating the reduction of the period for transferring due dividend distributions to shareholders and unit holders from 15 days to a period not exceeding 7 days from the date of the General Assembly meeting or the Board of Directors meeting. The FSA explained that the circular aims to accelerate the dividend distribution process in the capital market, reflecting the ...

IMF Mission Concludes Visit to Oman Muscat, 25 Nov 2025 (ONA) --- The meetings of the International Monetary Fund (IMF) experts mission to the Sultanate of Oman, within the framework of the 2025 Article IV Consultations, concluded in Muscat. During the meetings, discussions were held with a number of officials in government units and representatives from the private and banking sectors regarding the latest macroeconomic developments and expected future outlook, as well as fiscal and monetary policies, financial sector development, and structural reforms. The IMF expert ...

MSX Closes at 5635 Points Muscat, 25 Nov 2025 (ONA) --- The Muscat Stock Exchange's main index, MSX 30, concluded today's trading at 5,635.99 points, recording a drop of 0.8 point, or 0.01 percent, from the previous session's close of 5,636.77 points. The total value of shares traded reached RO 26,344,853, marking a decrease of 6.5 percent compared to the last session's trading value of RO 28,169,493. The MSX official report indicated that the overall market capitalization went down by 0.012 percent from the last trading day, settling at approximately RO ...

PDO Signs Agreements to Support Education, Health, Environment, Community Development Muscat, 25 Nov 2025 (ONA) – Petroleum Development Oman (PDO) signed 11 funding agreements, reaffirming its long-standing commitment to sustainable development and national capacity building. The agreements, valued at approximately RO 830,000, span critical sectors including education, healthcare, community infrastructure and environment. Commenting on the signing, Eng. Mohammed Ali Al Aghbari, External Affairs, Government Relations and Communications Manager at PDO, stated: “These ...

Oman Oil Price Rises 61 Cent Muscat, 25 Nov 2025 (ONA) --- Oman oil price (January delivery 2026) today reached 63.29 US Dollars, comprising a rise by 61 Cent, compared to the price of yesterday “Monday”, which was 62.68 US Dollars. The average price of Oman oil (November delivery 2025) has stabilized at 70.01 US Dollars per barrel, thus 68 cents per barrel higher than October delivery 2025. ---Ends/AG ...

Oman Participates in Big 5 Exhibition in Dubai Dubai, 24 Nov 2025 (ONA) --- The Sultanate of Oman began its participation in the 46th edition of the Big 5 Global exhibition which kicked off today in Dubai, the United Arab Emirates (UAE). The participation includes 22 Omani companies operating in the construction sector, alongside member entities of the OPEX team. Khalid Sulaiman Al Salhi, Director General of Marketing and Commercial Affairs at Madayn, said that the participation aims to boost Omani exports, open new markets for Omani industries in foreign markets, promote Omani ...

Al Ghaith Chemical Industries Complex Opens in Sur Industrial City Sur, 24 Nov 2025 (ONA) --- As part of the Sultanate of Oman's celebrations of the glorious National Day, the Sur Industrial City, an affiliate of Madayn, saw the opening of the Al Ghaith Chemical Industries Complex with a total investment volume exceeding USD 125 million. the largest private industrial investment Built on an area of 200,000 square meters, it becomes one of the largest specialized chemical industrial complexes in the Sultanate of Oman and in South A’Sharqiyah Governorate. The inauguration ...

State Council Discusses Draft State General Budget for 2026, 11th Five-Year Plan Muscat, 24 Nov 2025 (ONA) --- The State Council today reviewed the Draft State General Budget for 2026 and the 11th Five-Year Development Plan (2026-2030). This took place during its hosting of Sultan Salim Al Habsi, Minister of Finance, and Dr. Said Mohammed Al Saqri, Minister of Economy. The Council discussed the latest developments in the global and local economies during 2025 and reviewed the performance indicators in the various economic diversification sectors and the growth achieved during ...

Oman’s Public Spending Increases 2pc Muscat, 24 Nov 2025 (ONA) --- Public revenue totalled RO 8,481 million by the end of Q3 2025, reflecting an 8% decrease from RO 9,198 million recorded during the same quarter of 2024. The decline is largely due to a fall in hydrocarbon revenue. The quarterly bulletin issued by the Ministry of Finance said that the net oil revenue amounted to RO 4,710 million as of the end of Q3 2025, representing a 13% decrease from RO 5,436 million collected during the same quarter of 2024, due to lower average oil prices and production. Net ...

MSX Gains 38 Points Muscat, 24 Nov 2025 (ONA) --- The Muscat Stock Exchange's main index, MSX 30, concluded today's trading at 5,636.77 points, recording a rise of 38.3 points, or 0.68 percent, from the previous session's close of 5,598.45 points. The total value of shares traded reached RO 28,169,493, marking a decrease of 10.85 percent compared to the last session's trading value of RO 31,598,239. The MSX official report indicated that the overall market capitalization went up by 0.237 percent from the last trading day, settling at approximately RO ...

Tender Results of Government Treasury Bills Worth RO 4 Million Issued Muscat, 24 Nov 2025 (ONA) --- The total issuance of Government Treasury Bills amounted to RO 4 million this week, for a maturity period of 91 days. The average accepted price reached RO 99.055 for every RO 100, and the minimum accepted price arrived at RO 99 055 per RO 100. The average discount rate and the average yield reached 3.79038% and 3.82655%, respectively. Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed ...

Oil Extends Losses on Russia-Ukraine Peace HopesSingapore, 24 Nov 2025 (ONA) --- Oil prices slipped today, extending last week's decline, on progress in Russia-Ukraine peace talks and a stronger US dollar. Brent crude futures declined 14 cents, or 0.22%, to $62.42 per barrel. West Texas Intermediate (WTI) futures slipped 15 cents, or 0.26%, to $57.91 per barrel. Both benchmarks dropped around 3% last week, their lowest levels since 21 October 2025, amid concerns that a potential peace agreement could pave the way for lifting sanctions on Moscow and returning previously sanctioned crude to ...

Gold Falls on Firm Dollar, Fading Fed Cut BetsSingapore, 24 Nov 2025 (ONA) --- Gold prices declined today as the US dollar held near a six-month high and expectations for a Federal Reserve interest rate cut in December receded. Spot gold fell 0.3% to $4,051.48 per ounce, while December futures edged up 0.7% to $4,049.50 per ounce. Among other precious metals, spot silver slipped 0.3% to $49.86 per ounce. Platinum rose 1.1% to $1,527.25, and palladium increased 0.7% to $1,384.18 per ounce.--- ...

HH Sayyid Bilarab Graces Celebration of Strategic Projects Completion in Water System Muscat, 24 Nov 2025 (ONA) ---- Under the auspices of HH Sayyid Bilarab bin Haitham Al Said, Nama Water Services Company held a celebration ceremony to mark the completion of strategic projects in the water system, with a total cost exceeding RO 408 million. The event took place as part of the Sultanate of Oman's celebrations of the glorious National Day. The completed projects include the second package of the water transmission line reinforcement project for A’Dakhiliyah Governorate, the ...

Oman Oil Price Rises 1 Cent Muscat, 24 Nov 2025 (ONA) --- Oman oil price (January delivery 2026) today reached 62.68 US Dollars, comprising a rise by 1 Cent, compared to the price of last “Friday”, which was 62.67 US Dollars. The average price of Oman oil (November delivery 2025) has stabilized at 70.01 US Dollars per barrel, thus 68 cents per barrel higher than October delivery 2025. ---Ends/AG ...

Foreign Investment in GCC Countries Reaches $523.4 BillionMuscat, 23 Nov 2025 (ONA) — The Gulf Cooperation Council (GCC) countries have witnessed a steady increase in foreign investment, with total incoming foreign direct investment (FDI), excluding intra-GCC investments, reaching approximately $523.4 billion in 2023. This confirms the growing international confidence in the Gulf business environment.Data issued by the Gulf Statistics Centre indicated that FDI flows accounted for about 5% of total global flows in 2023. The volume of intra-GCC investments also rose from $88.2 billion in 2015 ...