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Oman Oil Price Drops 1.08 US Dollar

Oman Oil Price Drops 1.08 US Dollar Muscat, 27 Mar (ONA) --- Oman oil price (May delivery 2024) today reached 85.10 US Dollars, comprising a drop by 1.08 US Dollar compared to the price of yesterday (Tuesday), which stood at 86.18 US Dollars. The average price of Oman oil (March delivery 2024) has stabilized at 78.75 US Dollars per barrel, thus 1.54 US Dollar per barrel higher than February delivery 2024. --- Ends/Thuraiya/KH ...

Rosatom Intends to Expand its Wind Power Project in Kyrgyzstan

Rosatom Intends to Expand its Wind Power Project in Kyrgyzstan Moscow, 26 Mar (ONA) --- Russian State corporation “Rosatom” signed an agreement with the Ministry of Energy of Kyrgyzstan on the construction of wind power plants in the country with a capacity of up to 1 GW, according to the telegram channel of Novavind, the Rosatom division responsible for implementing programs in the new energy sector. Thus, the state corporation will expand its project in Kyrgyzstan. The second stage of the project involves the development of sites for the placement of renewable energy ...

MSX Drops 27 Points

MSX Drops 27 Points Muscat, 26 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today dropped (27.1) points, comprising a decline by (0.57%) to close at (4755.46) points, compared to the last session, which stood at (4782.57) points. The trading value today stood at (RO 4,771,114), comprising a rise by (34.2%), compared to the last session, which stood at (RO 3,555,328). The report released by MSX pointed out that the market value went down by (0.074%) to reach about (RO 24.10) billion. The report added that the value of shares bought by non-Omani investors ...

NCSI Gets ISO Certificate for Data Security Management System

NCSI Gets ISO Certificate for Data Security Management SystemMuscat, 26 Mar (ONA) --- The National Centre for Statistics and Information (NCSI) has been awarded the Information Security Management System certificate (ISO 27001:2022 ISO/IEC) by the International Organization for Standardization (ISO) in recognition of NCSI’s application of the highest levels of excellence in the field of data protection and security.Khalifa Abdullah Al Barwani, CEO of NCSI, said that the Centre’s obtaining the ISO 27001 certificate was the outcome of extensive efforts exerted by the NCSI ...

Producer Price Index Declines 7.9% in 4Q 2023

Producer Price Index Declines 7.9% in 4Q 2023 Muscat, 26 Mar (ONA) --- The Producer Price Index (PPI) in the Sultanate of Oman recorded a drop by 7.9% during the 4th quarter of 2023, compared to the corresponding period in 2022 with 2018 being the base year. According to the data released by the National Centre for Statistics and Information (NCSI), a decline was registered in the groups of mining and utilizing quarries (7.5%) which is attributed to the drop in products of crude oil and natural gas by 7.7%. Meanwhile, a rise was recorded in products of metal ores (17.2%) ...

Oman Oil Price Rises 89 Cents

Oman Oil Price Rises 89 Cents Muscat, 25 Mar (ONA) --- Oman oil price (May delivery 2024) today reached 86.18 US Dollars, comprising a rise by 89 cents compared to the price of yesterday (Monday), which stood at 85.29 US Dollars. The average price of Oman oil (March delivery 2024) has stabilized at 78.75 US Dollars per barrel, thus 1.54 US Dollar per barrel higher than February delivery 2024. --- Ends/Anas ...

ODP and ITHCA Group Launch Jabreen Smart Infrastructure

ODP and ITHCA Group Launch Jabreen Smart InfrastructureMuscat, 25 Mar (ONA) —-Oman Data Park (ODP ) and ITHCA Group launched Jabreen Smart Infrastructure Solutions, the largest cloud systems with a new identity in the Sultanate of Oman.The launching ceremony of Jabreen Smart Infrastructure Solutions, was held under the patronage of Sheikh Ghosn Hilal Al Alawi, Chairman of the State Audit Institution (SAI).This cloud system aims to provide the Omani market with various packages of integrated cloud solutions, artificial intelligence (AI) solutions, cyber security solutions. This phase comes, ...

Tender Results of Government Treasury Bills Worth RO 64 Million Issued

Tender Results of Government Treasury Bills Worth RO 64 Million Issued Muscat, 25 Mar (ONA) --- The total issuance of Government Treasury Bills amounted to OMR 64 million. The value of the allotted Treasury bills amounted to OMR 16 million, for a maturity period of 28 days. The average accepted price reached OMR 99.620 for every OMR 100, and the minimum accepted price arrived at OMR 99.620 per OMR 100. The average discount rate and the average yield reached 4.95357% and 4.97247%, respectively. Whereas, the value of the allotted Treasury bills amounted to OMR 48 million, ...

MSX Drops 10 Points

MSX Drops 10 PointsMuscat, 25 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today dropped (10.6) points, comprising a decline by (0.22%) to close at (4782.57) points, compared to the last session, which stood at (4793.14) points.The trading value today stood at (RO 3,555,328), comprising a drop by (41.01%), compared to the last session, which stood at (RO 6,026,737).The report released by MSX pointed out that the market value went down by (0.005%) to reach about (RO 24.12) billion.The report added that the value of shares bought by non-Omani investors reached ...

Duqm Special Economic Zone Starts Providing Public Services in its Layouts

Duqm Special Economic Zone Starts Providing Public Services in its LayoutsDuqm, 25 March (ONA) --- The management of the Special Economic Zone at Duqm (SEZAD) started to implement the Council of Ministers’ decision to develop and supervise municipal services and public facilities in layouts not classified as public utility within the economic zone’s general layout.SEZAD began introducing municipal licensing services and technical services, in addition to training employees to provide these services at a time a special office is being established to look after municipal services ...

Oman Oil Price Rises 15 Cents

Oman Oil Price Rises 15 Cents Muscat, 25 Mar (ONA) --- Oman oil price (May delivery 2024) today reached 85.29 US Dollars, comprising a rise by 15 cents compared to the price of last (Friday), which stood at 85.14 US Dollars. The average price of Oman oil (March delivery 2024) has stabilized at 78.75 US Dollars per barrel, thus 1.54 US Dollar per barrel higher than February delivery 2024. --- Ends/Thuraiya/KH ...

MSX Gains 1 Point

MSX Gains 1 PointMuscat, 24 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (1.8) points, comprising a rise by (0.04%) to close at (4793.14) points, compared to the last session, which stood at (4791.38) points.The trading value today stood at (RO 6,026,737), comprising a surge by (42.9%), compared to the last session, which stood at (RO 4,216,385).The report released by MSX pointed out that the market value went down by (0.054%) to reach about (RO 24.12) billion.The report added that the value of shares bought by non-Omani investors reached (RO 737,000), ...

Cuban President Receives Chairman of Oman Investment Authority

Cuban President Receives Chairman of Oman Investment Authority Havana, 24 Mar (ONA) --- President Dr. Miguel Diaz-Canel of the Republic of Cuba today received Abdulsalman Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA) in the Cuban capital city, Havana. The reception came within the framework of the official visit paid by the OIA Chairman to Cuba. The OIA Chairman conveyed greetings and best wishes of His Majesty Sultan Haitham bin Tarik to President Diaz. His Majesty also wished the people of Cuba further progress and prosperity. On his turn, the ...

Japan's Exports Rise as Demand in Major Markets Improves

Japan's Exports Rise as Demand in Major Markets ImprovesTokyo, 21 Mar (ONA) --- Japan's exports grew for a third straight month as demand improved in the U.S., China and the EU. Exports rose 7.8% in February from the same month a year ago, the Japanese Ministry of Finance data showed today, faster than the 5.3% gain expected by economists.Imports rose 0.5% year-on-year in February versus the median estimate for a 2.2% increase.The trade balance came to a deficit of 379.4 billion yen ($2.52 billion), versus a median estimate for a deficit of 810.2 billion ...

GCC, Türkiye to Launch Talks for Free Trade Pact

GCC, Türkiye to Launch Talks for Free Trade PactAnkara, 21 Mar (ONA) --- The Gulf Cooperation Council (GCC) and the Republic of Türkiye have signed a deal to launch negotiations for a Free Trade Agreement (FTA). Turkish Trade Minister Omer Bolat said that the pact would lead to one of the world's largest free trade areas.In a statement, GCC Secretary General Jasem Al Budaiwi said the accord to launch FTA talks “is a demonstration of the robust and strategic partnership between the GCC countries and Türkiye.”He added that the move showcases successful cooperation across ...

MSX Drops 17 Points

MSX Drops 17 PointsMuscat, 21 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today dropped (17.6) points, comprising a decline by (0.37%) to close at (4791.38) points, compared to the last session, which stood at (4809) points.The trading value today stood at (RO 4,216,385), comprising a rise by (5.9%), compared to the last session, which stood at (RO 3,981,382).The report released by MSX pointed out that the market value went down by (0.110%) to reach about (RO 24.13) billion.The report added that the value of shares bought by non-Omani investors reached (RO 264,000), ...

Oman LNG Signs a Sales, Purchase Agreement with SEFE

Oman LNG Signs a Sales, Purchase Agreement with SEFE Muscat, 21 Mar (ONA) --- Oman LNG signed a Sales and Purchase Agreement (SPA) with SEFE Secure Energy for Europe (SEFE). The signing ceremony was held under the auspices of Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals. The agreement follows a prior commitment where Oman LNG inked a binding term sheet agreement to supply SEFE with 0.4 million metric tonnes per annum (mtpa) of LNG starting in 2026. This strategic partnership reflects a significant step forward in bolstering the LNG supply chain, emphasizing ...

Oman Oil Price Drops 47 Cents

Oman Oil Price Drops 47 CentsMuscat, 21 Mar (ONA) --- Oman oil price (May delivery 2024) today reached 86.01 US Dollars, comprising a drop by 47 cents compared to the price of yesterday (Wednesday), which stood at 86.48 US Dollars.The average price of Oman oil (March delivery 2024) has stabilized at 78.75 US Dollars per barrel, thus 1.54 US Dollar per barrel higher than February ...

OPAZ Board of Directors Holds First Meeting in 2024

OPAZ Board of Directors Holds First Meeting in 2024Muscat, 20 Mar (ONA) --- The Board of Directors of the Public Authority for Special Economic Zones and Free Zones (OPAZ) today held its first meeting for 2024.The meeting was held under the auspices of Dr. Ali Masoud Al Sunaidi, Chairman of OPAZ Board of Directors.The meeting discussed the most important indicators of performance of economic zones, free zones and industrial cities affiliated to OPAZ. It looked into the volume of cumulative investment as at the end of 2023, which stood at about RO 19 billion.The investments were ...

MSX Drops 21 Points

MSX Drops 21 Points Muscat, 20 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today dropped (21.9) points, comprising a decline by (0.45%) to close at (4809) points, compared to the last session, which stood at (4830.86) points. The trading value today stood at (RO 3,981,382), comprising a rise by (47.4%), compared to the last session, which stood at (RO 2,701,385). The report released by MSX pointed out that the market value went down by (0.026%) to reach about (RO 24.16) billion. The report added that the value of shares bought by non-Omani investors reached ...

Investment Volume of Projects at Raysut Industrial City Crosses RO 500 Million

Investment Volume of Projects at Raysut Industrial City Crosses RO 500 Million Salalah, 20 Mar (ONA) --- The number of investment projects at Raysut Industrial City stood at 192 after the addition of 8 projects worth RO 84 million in 2023. This brings the cumulative investment volume of projects at the industrial city to RO 563 million.Eng. Abdulqadir Salim Al Balushi, Director General of Raysut Industrial City, told Oman News Agency that investment projects at the city covered industrial, service and commercial activities.He added that industrial projects (a total of 159) occupy ...

Oman Oil Price Rises 4 Cents

Oman Oil Price Rises 4 CentsMuscat, 20 Mar (ONA) --- Oman oil price (May delivery 2024) today reached 86.48 US Dollars, comprising a rise by 4 cents compared to the price of yesterday (Tuesday), which stood at 86.44 US Dollars.The average price of Oman oil (March delivery 2024) has stabilized at 78.75 US Dollars per barrel, thus 1.54 US Dollars per barrel higher than February delivery 2024. --- Ends/Thuraiya/Anas ...

MSX Gains 60 Points

MSX Gains 60 Points Muscat, 19 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (60.6) points, comprising a rise by (1.27%) to close at (4830.86) points, compared to the last session, which stood at (4770.28) points. The trading value today stood at (RO 2,701,385), comprising a drop by (9.1%), compared to the last session, which stood at (RO 2,970,897). The report released by MSX pointed out that the market value went down by (0.067%) to reach about (RO 24.16) billion. The report added that the value of shares bought by non-Omani investors reached ...

Total Outstanding Credit Extended by ODCs Grows by 3.8 Percent

Total Outstanding Credit Extended by ODCs Grows by 3.8 Percent Muscat, 19 Mar (ONA) --- Other depository corporations (ODCs) consist of conventional and Islamic banks in Oman. Total outstanding credit extended by ODCs grew by 3.8 percent to RO 30.4 billion at the end of January 2024, with credit to the private sector demonstrating an increase of 4.5 percent (Y-o-Y) to reach RO 25.7 billion. The report released by the Central Bank of Oman (CBO) said that non-financial corporations received the highest share of the total private sector credit at approximately 45.6 percent ...

Sohar Industrial City Inks Investment Pacts Worth RO 2.4 Million

Sohar Industrial City Inks Investment Pacts Worth RO 2.4 Million Sohar, 19 Mar (ONA) --- Sohar Industrial City, affiliated to the Public Establishment for Industrial Estates “Madayn”, has signed three investment contracts totalling RO 2.4 million for projects specializing in plastic products, medical devices, and mattresses. Spanning across a total area of 16,900 square metres, these projects aim at delivering high-quality goods using state-of-the-art technology, catering to both local and international markets while boosting the national economy. The first ...

Oman Oil Price Rises 75 Cents

Oman Oil Price Rises 75 CentsMuscat, 19 Mar (ONA) --- Oman oil price (May delivery 2024) today reached 86.44 US Dollars, comprising a rise by 75 cents compared to the price of yesterday (Monday), which stood at 85.69 US Dollars.The average price of Oman oil (March delivery 2024) has stabilized at 78.75 US Dollars per barrel, thus 1.54 US Dollars per barrel higher than February delivery 2024.--- ...

MSX Drops 5 Points

MSX Drops 5 Points Muscat, 18 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today dropped (5.6) points, comprising a decline by (0.12%) to close at (4770.28) points, compared to the last session, which stood at (4775.90) points. The trading value today stood at (RO 2,970,897), comprising a decline by (6.2%), compared to the last session, which stood at (RO 3,166,492). The report released by MSX pointed out that the market value went up by (0.027%) to reach about (RO 24.18) billion. The report added that the value of shares bought by non-Omani investors ...

Intellectual Property Applications Up By 12.59pc in 2023

Intellectual Property Applications Up By 12.59pc in 2023Muscat, 18 Mar (ONA) --- The Ministry of Commerce, Industry and Investment Promotion said that the number of applications for national and international trademarks, patents, copyrights and designs grew by 12.59 percent in 2023 to 14,234 applications, as against 12,642 applications registered during 2022.Statistics issued by the National Intellectual Property Office at the Ministry of Commerce, Industry and Investment Promotion showed that as many as 13,196 applications were filed for national and international trademarks in ...

Oman Accreditation Centre Enhances Confidence in Standardization Bodies

Oman Accreditation Centre Enhances Confidence in Standardization BodiesMuscat, 18 Mar (ONA) --- By establishing Oman Accreditation Centre (OAC), the Ministry of Commerce, Industry and Investment Promotion seeks to enhance confidence in the outputs of Omani standardization bodies (the departments entrusted with testing and calibration labs, inspection departments and certification institutions), as well as parties closely linked to the process of verification.The establishment of the OAC also reflects Oman’s dedication to compatibility with relevant international standard practices ...

Tender Results of Government Treasury Bills Worth RO 70 Million Issued

Tender Results of Government Treasury Bills Worth RO 70 Million Issued Muscat, 18 Mar (ONA) --- The total issuance of Government Treasury Bills amounted to RO 70 million. The value of the allotted Treasury bills amounted to RO 5 million, for a maturity period of 28 days. The average accepted price reached RO 99.615 for every RO 100, and the minimum accepted price arrived at RO 99.615 per RO 100. The average discount rate and the average yield reached 5.01875% and 5.03815%, respectively. Whereas, the value of the allotted Treasury bills amounted to RO 28.6 million, for ...