News

Muscat, 20 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 82.63 US Dollars, comprising a decline by 43 cents from the price yesterday (Tuesday), which was 83.06 US Dollars. The average price of Oman oil (October Delivery 2021) has stabilized at 69.38 US Dollars, thus 3.35 US Dollars per barrel lower than September Delivery 2021. --- Ends/MS/KH ...

Muscat, 20 Oct (ONA) --- A tender of Government Treasury Bills, issue number 548, worth RO 54 million was announced 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 the added 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, 18 Oct (ONA) --- Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion met here today with Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology in the United Arab Emirates (UAE). The meeting discussed means of promoting industrial cooperation between the two brotherly countries. It also reviewed ways to enhance cooperation in strategic industries and investment opportunities in the industrial sector. Meanwhile, a meeting was held on the sidelines of the Emirati delegation’s visit between representatives ...

Al Buraimi, 18 Oct (ONA)--- Oman Chamber of Commerce and Industry (OCCI), branch of Al Buraimi held a joint meeting today between officials from the government, private sectors and the economic team in charge for preparing a study to identify the economic and investment opportunities in the Governorate of Al Buraimi. The meeting was chaired by Dr. Ashraf Mushref, Chairman of the OCCI Chair for the Economic Studies at the Sultan Qaboos University (SQU). The meeting reviewed the main objectives of the study, which include identifying economic and investment opportunities of the promising ...

Muscat, 18 Oct (ONA) --- The total number of Small and Medium Enterprises (SMEs) registered in the Authority for Small and Medium Enterprises Development (ASMED) till the end of August 2021 stood at 56,687, compared to 45,706 in August 2020, constituting an increase by 24%, according to the data released by the National Centre for Statistics and information (NCSI). Among the governorates, the Governorate of Muscat topped the list, marking an increase by 25.2% compared to the same period in 2020 to reach 19,187 followed by the Governorate of North Al Batinah with a rise by ...

      Muscat, 18 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 83.95 US Dollars, comprising an increase by 85 cents from the price of last (Friday), which was 83.10 US Dollars.       The average price of Oman oil (October Delivery 2021) has stabilized at 69.38 US Dollars, thus 3.35 US Dollars per barrel lower than September Delivery 2021.---Ends/HG ...

  Muscat, 17 Oct (ONA) --- The Omani-Lebanese Business Forum, organized by Oman Chamber of Commerce and Industry (OCCI) today, explored the available opportunities to promote investment and trade exchange between the Sultanate of Oman and Lebanon.    It also discussed the best ways to build and enhance partnerships between the Omani and Lebanese businesspeople.    The forum, which was held on the sidelines of an official visit by a Lebanese business delegation to Oman, started with a speech given ...

Muscat, 17 Oct (ONA) – Acting in cooperation with Oman Society for Petroleum Services (OPAL), the Ministry of Energy and Minerals today unveiled a new book on VAT achievements made by firms operating in the energy and minerals sector. Published by “4D.media” establishment (for Press, Publicity, Advertising and  Publishing), the book was launched at Grand Millennium Muscat hotel under the auspices of Nassir Khamis Al Jashmi, Secretary-General of the Ministry of Finance.  Abulrahman Humaid Al Yahya’ee, CEO of OPAL, said that foreign investments attracted by ...

    Muscat, 17 Oct (OAN) --- Oman Air, the national carrier of the Sultanate of Oman, has won Middle East's Leading Airline, Middle East's Leading Airline: Customer Experience, and Middle East's Leading Airline: Economy Class at the prominent World Travel Awards 2021, voted for by air travellers based on their own experiences.   The awards were announced online this year and recognize Oman Air’s excellence for its on-board products and services, customer care and passenger experience. This year’s award for Middle East’s Leading Airline: Economy Class ...

  Muscat, 17 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today added (17.2) points, comprising an increase by (0.435%) to close at (‪‪3973.69) points, compared to the last session, which stood at (‪‪‪‪3956.49) points.   The trading value today stood at (RO 1,233,030), comprising a decline by (20.7%), compared to the last session, which stood at (RO 1,555,782).   The report released by MSX pointed out that the market value rose by (0.115%) to reach about (RO 22.07) billion.   The report added that the value of shares bought by ...

  Muscat, 14 Oct (ONA) --- In its recent announcement, Moody’s changed the outlook on Oman’s credit rating to stable from negative and affirmed its rating at Ba3.   According to Moody’s, the change in outlook reflects the significant easing of pressures on government liquidity and external financing. This came as a result of the ongoing implementation of the Medium Term Fiscal Plan and a relative rise in oil prices since the middle of 2020, which led to steady decline in the direct government debt burden to around 60% of GDP by 2024.  Moody’s expects that ...

Oman Participates in World Bank, IMF Meetings  Muscat, 14 Oct (ONA) --- The Sultanate, represented by the Ministry of Finance is currently taking part in the annual joint meetings of the World Bank and the International Monetary Fund (IMF) for 2021. The Sultanate is represented in the 4-day virtual meetings by Nasser Khamis Al Jashmi, Secretary-General of the Ministry of Finance, with the participation of the Executive President of the Central Bank of Oman. The meetings, hosted in the US capital Washington, discuss a range of topics, notably studying ...

Muscat, 14 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 82.30 US Dollars, comprising an increase by 85 cents from the price yesterday (Wednesday), which was 81.45 US Dollars. The average price of Oman oil (October Delivery 2021) has stabilized at 69.38 US Dollars, thus 3.35 US Dollars per barrel lower than September Delivery 2021.  --- Ends/TH/AG ...

  Muscat, 13 Oct (ONA) --- The total quantity of fish landed in the Sultanate reached 840,378 tons in 2020, comprising an increase of 44.8% comparing to 2019, according to the statistics issued by the National Centre for Statistics and Information (NCSI).   The aquaculture production grew by 24% compared to 2019. The total aquaculture production amounted to 1,307 tons of bream.     Oman's fish exports rose to more than 300,000 tons, a growth rate of 47.3%, with a total value estimated at RO 114,275,600 in 2020.   Artisanal fishing in ...

    Muscat, 13 Oct (ONA) --- An international consortium comprised of the alternative energy business unit of OQ, Marubeni Corporation, Linde and Dutco have all signed a Joint Development Agreement (JDA) for the development of a green hydrogen and green ammonia project at Salalah Free Zone (SFZ).     Salalah enjoys a rich solar and wind resources supported by a world-class shipping infrastructure at the Port of Salalah; all of which position the region to be a global hub for the production and export of green hydrogen and green ammonia.   The ...

  Muscat, 13 Oct (ONA)--- The Ministry of Commerce, Industry and Investment Promotion held a meeting with Italian companies to familiarize them with the investment incentives and opportunities in the Sultanate.   During the virtual meeting, Aseela Salim Al Samsami, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, affirmed that Oman opens doors for investment from all nationalities. She also noted that there are more than 64 Italian companies currently operating efficiently in the Sultanate in the fields of ...

  Muscat, 13 Oct (ONA) --- Eng. Said Hamoud Al Ma’awali, Minister of Transport, Communications and Information Technology received today at his office Deemah Al Yahya, Secretary General of the Digital Cooperation Organization (DCO).   Eng. Al Ma’awali lauded the DCO’s role in enhancing cooperation to integrate efforts in speeding the process of digital transformation and vitalizing the digital economy in the region.   On her turn, DCO Secretary General commended the Sultanate’s role in the fields of communications and information ...

Muscat, 13 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today added (8.4) points, comprising an increase by (0.21%) to close at (‪‪3964.08) points, compared to the last session, which stood at (‪‪‪‪3955.66) points. The trading value today stood at (RO 1,189,020), comprising a decline by (44.2%), compared to the last session, which stood at (RO 2,129,661). The report released by MSX pointed out that the market value rose by (0.053%) to reach about (RO 22.07) billion. The report added that the value of shares bought by non-Omani ...

Muscat, 13 Oct (ONA) --- The Authority for Small and Medium Enterprises Development (ASMED) signed an agreement of cooperation with Takatuf Oman to provide technical and organizational support to small and medium enterprises (SMEs) to transfer knowledge and enhance professional standards. The SMEs covered by the agreement operate in the field of human resources (HR) consultancy. The agreement aims to polish skills and to form an advanced model of enterprises and to boost the In-Country Value (ICV) of those businesses. This agreement will generate more ...

Muscat, 13 Oct (ONA) – As part of the outcomes of the recent Food Security Lab forum, the Ministry of Housing and Urban Planning today signed five land development (usufruct) contracts with private sector companies and establishments to the tune of RO 3 million. The Food Lab forum was organized by the Ministry of Agriculture, Fisheries and Water Resources, with support from Oman Vision 2040 Follow-up Unit and “Invest-in-Oman Programme (for Programme for Attracting Investments and Supporting Exports in External Markets), which aligns with economic stimulus plans and meets the ...

Muscat, 13 Oct (ONA) --- Qais Mohammad Al Yousef, Minister of Commerce, Industry and Investment Promotion met in his office today with Ranil Jayawardena, UK Minister for International Trade. The meeting discussed areas of cooperation between the two countries. It also reviewed growth indicators of intra-trade and means of boosting them, as well as ways to increase the volume of trade exchange and joint investments. The two ministers touched on the progress of negotiations on the free trade agreement between the GCC countries and the UK.    The meeting was ...

    Duqm, 13 Oct (ONA)--- This week saw the second phase of conducting the Unmanned Aerial Vehicles (Drones) experiments in the Special Economic Zone at Duqm (SEZAD). Such experiments are part of the efforts of the Public Authority for Special Economic Zones and Free Zones (OPAZ) to benefit from the technologies of these drones to improve the services provided in the Zone.   The USA-based company, UVL Robotics, which is specialised in advanced technologies such as artificial intelligence and drones, carried out two experiments in cooperation with Azim ...

Muscat, 13 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 81.45 US Dollars, comprising a decline by 64 cents from the price yesterday (Tuesday), which was 82.09 US Dollars. The average price of Oman oil (October Delivery 2021) has stabilized at 69.38 US Dollars, thus 3.35 US Dollars per barrel lower than September Delivery 2021. ---Ends/HG ...

Muscat, 12 Oct (ONA)--- Dr. Ali Amer Al Shidhani, Undersecretary of the Ministry of Transport, Communications and Information Technology for Communications and Information Technology received in his office today Deemah Al Yahya, Secretary General of the Digital Cooperation Organization (DCO). The visit comes to familiarize with the digital economy system in the Sultanate. DCO Secretary General will introduce goals of the organization in  accelerating the growth of the digital economy in the region. During the meeting, Dr. Al Shidhani reviewed the Sultanate's efforts in ...

Agreement Signed to Establish Large Scale Solar PV Farm in Suhar Industrial CityMuscat, 12 Oct (ONA) --- The Public Establishment for Industrial Estates – Madayn, Mubadrah and Solar Wadi today signed an agreement with the objective to construct a 100MW Solar PV Farm in Suhar Industrial City to be operational by next year.This step comes as part of the overall strategy of Madayn in providing a significant portion of the energy needs of its tenants from a sustainable renewable energy source. It also comes in line with Oman Vision 2040’s sustainability goals, and helps to reduce the ...

Agreement Signed to Establish Large Scale Solar PV Farm in Suhar Industrial CityMuscat, 12 Oct (ONA) --- The Public Establishment for Industrial Estates – Madayn, Mubadrah and Solar Wadi today signed an agreement with the objective to construct a 100MW Solar PV Farm in Suhar Industrial City to be operational by next year.This step comes as part of the overall strategy of Madayn in providing a significant portion of the energy needs of its tenants from a sustainable renewable energy source. It also comes in line with Oman Vision 2040’s sustainability goals, and helps to reduce the ...

Agreement Signed to Establish Large Scale Solar PV Farm in Suhar Industrial CityMuscat, 12 Oct (ONA) --- The Public Establishment for Industrial Estates – Madayn, Mubadrah and Solar Wadi today signed an agreement with the objective to construct a 100MW Solar PV Farm in Suhar Industrial City to be operational by next year.This step comes as part of the overall strategy of Madayn in providing a significant portion of the energy needs of its tenants from a sustainable renewable energy source. It also comes in line with Oman Vision 2040’s sustainability goals, and helps to reduce the ...

Oman Oil Price Rises 12 Cents Muscat, 12 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 82.09 US Dollars, comprising an increase by 12 cents from the price yesterday (Monday), which was 81.97 US Dollars. The average price of Oman oil (October Delivery 2021) has stabilized at 69.38 US Dollars, thus 3.35 US Dollar per barrel lower than September Delivery 2021.  --- Ends/AG ...

Oman Oil Price Rises 12 Cents Muscat, 12 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 82.09 US Dollars, comprising an increase by 12 cents from the price yesterday (Monday), which was 81.97 US Dollars. The average price of Oman oil (October Delivery 2021) has stabilized at 69.38 US Dollars, thus 3.35 US Dollar per barrel lower than September Delivery 2021.  --- Ends/AG ...

Oman Oil Price Rises 12 Cents Muscat, 12 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 82.09 US Dollars, comprising an increase by 12 cents from the price yesterday (Monday), which was 81.97 US Dollars. The average price of Oman oil (October Delivery 2021) has stabilized at 69.38 US Dollars, thus 3.35 US Dollar per barrel lower than September Delivery 2021.  --- Ends/AG ...