News

Oman Air Receives Fifth Delivery of New Boeing 737 MAX 8 Aircraft Muscat, 5 Mar (OMA) ---- Oman Air, the national airline of the Sultanate of Oman, has announced the delivery of a new Boeing 737 MAX 8 from CDB Aviation. The aircraft is the last in a series of five deliveries contracted as part of a sale and leaseback transaction with the global aircraft leasing platform, which is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing). Designed to offer exceptional performance, flexibility and efficiency, the 737 Max 8 is ...

Oman to Showcase its Tourism Capabilities at ITB Berlin on 7 MarchMuscat, 4 Mar (ONA) —- The Sultanate of Oman will take part in Berlin International Travel and Tourism Fair (ITB 2023 ) from 7 to 9 March 2023.The Omani delegation will be led by Salim Mohammed Al Mahrouqi, Minister of Heritage and Tourism.ITB Berlin is the world's largest tourism industry fair. It brings together countries, tourist destinations, tour operators, airlines, travel agents, booking agents and hotels.The Sultanate of Oman pavilion at ITB Berlin 2023 will showcase tourism capabilities and unique sites in the ...

Economic, Free, Industrial Zones Boom Added Value of Governorates' Economy, SMEsMuscat, 4 Mar (ONA) —- The Public Authority for Special Economic Zones and Free Zones (OPAZ) boosts the growth of Omani industries in its affiliated zones through the well-developed infrastructure that enables establishing various industrial projects.In addition, the zones provide a set of incentives and facilities, so these projects and industries contribute to backing the In-Country Value (ICV) of the national economy and increasing the volume of Omani exports to global markets.In this regard, Dr. Said bin ...

Solar Energy Projects “Manah 1 and Manah 2” to Be Awarded to International Investors Muscat, 2 Mar (ONA) --- The Authority for Public Services Regulation (APSR) has granted its approval to Oman Power and Water Procurement Company (OPWP) to award “Manah 1 and Manah 2” solar energy projects to international investors. The project will be located in the Wilayat of Manah in the Governorate of A’Dakhiliyah. The two stations represent the second projects to be floated by OPWP to contract the purchase of capacity generated by renewable energy. The two plants will produce ...

MSX Gains 40 PointsMuscat, 2 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today added (40.4) points, comprising a rise by (0.85%) to close at (4820.99) points, compared to the last session, which stood at (4780.57) points.The trading value today stood at (RO 2,820,332), comprising a drop by (4.1%), compared to the last session, which stood at (RO 2,939,999).The report released by MSX pointed out that the market value went up by (0.204%) to reach about (RO 23.73) billion.The report added that the value of shares bought by non-Omani investors reached (RO 526,000), comprising ...

Mining Agreement Inked for Extraction of Nickel, its Derivatives Muscat, 2 Mar (ONA) --- The Ministry of Energy and Minerals today signed a mining concession agreement with the British company "Knights Bay" to obtain the concession right in mining area No. 21 located in the Wilayat of Ibra in the Governorate of North A’Sharqiyah. The agreement aims to extract nickel and its derivatives with high purity. The extraction process will be carried out without any carbon emissions (zero carbon). The agreement was signed by Eng. Salim Nasser Al Awfi, Minister of Energy and Minerals and ...

Oman Oil Price Rises 34 CentsMuscat, 2 Mar (ONA) --- Oman oil price (May Delivery 2023) today reached 82.78 US Dollars, comprising a rise by 34 cents compared to the price of yesterday (Wednesday) which was 82.44 US Dollars.The average price of Oman oil (March Delivery) stabilized at 80.92 US Dollars per barrel, thus 3.49 US Dollars per barrel higher than February Delivery.--- Ends/AH ...

Construction of Existing, New Roads, Repairing Damages Stands at over RO 1 Billion in 2023 Muscat, 1 Mar (ONA) --- Eng. Said Hamoud Al Maawali, Minister of Transport, Communications and Information Technology, revealed that the cost of constructing existing and new roads, maintaining and repairing road damage due to climatic conditions during 2023, stands at more than RO one billion. The move aims at providing a wide network of roads of competitive quality that contribute to the development and growth of various sectors in the Sultanate of Oman, ensuring smooth flow and ...

Oman, Bahrain Discuss Means of Enhancing Cooperation in Airports Sector Manama, 1 Mar (ONA)--- Sheikh Ayman Ahmed Al Hosani, CEO of Oman Airports, and Chairman of the Board of the Airports Council International (ACI) met with some Bahraini officials, on the sidelines of the ACI Board meetings. The meetings explored areas of cooperation between ACI and "Oman Airports", as well as enhancing the joint work in a manner that serves airports sector in Oman and Bahrain. The meetings also discussed opportunities for exchanging ideas and experiences, in addition to addressing the best ...

NCSI Implements Consumer Confidence Survey Muscat, 1 Mar (ONA) --- The National Centre for Statistics and Information (NCSI) today began implementing the 37th session of the Consumer Confidence Survey for the first quarter of 2023. The survey aims at measuring the development of the financial condition of Omani families and the factors that affect negatively or positively the level of the Omani economy. The survey will continue until the 16th of March 2023. The survey also aims to identify the future prospects of the Omani economy, the economic situation of households at ...

MSX Gains 27 Points Muscat, 1 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today added (27.3) points, comprising a rise by (0.57%) to close at (4780.57) points, compared to the last session, which stood at (4753.28) points. The trading value today stood at (RO 2,939,999), comprising a drop by (31.5%), compared to the last session, which stood at (RO 4,291,664). The report released by MSX pointed out that the market value went up by (0.054%) to reach about (RO 23.68) billion. The report added that the value of shares bought by non-Omani ...

Oman Participates in Meeting of G20 Anti-Corruption Working Group in India Gurugram, 1 Mar (ONA) ---- The Sultanate of Oman, represented by the State Audit Institution(SAI) is currently taking part in the 1st meeting of the Anti-Corruption Working Group of the G20 in the Republic of India, which will last till 4 March. The Sultanate of Oman’s participation in the G20 meetings for this year comes to enrich the fields of knowledge through the exchange of expertise and experiences among the participating countries, in addition to highlighting Oman’s efforts in the areas ...

Oman Oil Price Rises 1.20 US Dollars Muscat, 1 Mar (ONA) --- Oman oil price (May Delivery 2023) today reached 82.44 US Dollars, comprising a rise by 1.20 US Dollars. The average price of Oman oil (March Delivery) has stabilized at 80.92 US Dollars per barrel, thus 3.49 US Dollars per barrel higher than February Delivery. --- Ends/Thuraiya/AH ...

Tender Results of Government Treasury Bills Worth RO 28 Million Issued Muscat, 28 Feb (ONA) ---- The total issuance of Government Treasury Bills amounted to RO 28 Million. The value of the allotted Treasury bills amounted to RO 13 million, for a maturity period of 91 days. The average accepted price reached RO 98.777 for every RO 100, and the minimum accepted price arrived at RO 98.770 per RO 100. The average discount rate and the average yield reached 4.90729% and 4.96807%, respectively. Whereas, the value of the allotted Treasury bills amounted to RO 15 million, for a ...

Fish Production in Oman till November 2022 Stands At RO 379.7 Million Muscat, 28 Feb (ONA) ---- The Sultanate of Oman’s fish production declined by 22.5 percent to stand at 637,116 tonnes at the end of November 2022 compared to 821,801 tonnes during the corresponding period in 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI). The total value of fish production grew by 0.7 percent and stands at RO 379.7 million compared to RO 376.9 million during the same period in 2021. --- Ends//AH ...

MSX Gains 88 Points Muscat, 28 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today added (88.6) points, comprising a rise by (1.90%) to close at (4753.28) points, compared to the last session, which stood at (4664.65) points. The trading value today stood at (RO 4,291,664), comprising a surge by (74.1%), compared to the last session, which stood at (RO 2,464,866). The report released by MSX pointed out that the market value went up by (0.466%) to reach about (RO 23.67) billion. The report added that the value of shares bought by non-Omani investors reached ...

Finance Minister of Maldives Meets with Omani Officials Muscat, 28 Feb (ONA)--- Sultan Salim Al Habsi, Minister of Finance met in his office today Ibrahim Amir, Minister of Finance of the Republic of Maldives, who is currently paying a three-day visit to the Sultanate of Oman. The two sides discussed topics of common interests and exchanged views on some financial matters. They also explored means of boosting cooperation between the two countries in various fields. The Finance Minister of Maldives also met during his visit with Eng. Salim Nasser Al Aufi, Minister of Energy ...

Oman Oil Price Rises 2 Cents Muscat, 28 Feb (ONA) --- Oman oil price (April Delivery) today reached 81.97 US Dollars, comprising a rise by 2 cents from the price of yesterday (Monday), which was 81.95 US Dollars. The average price of Oman oil (February Delivery 2023) has stabilized at 77.43 US Dollars per barrel, thus 8.72 US Dollars per barrel lower than January Delivery 2023. --- Ends/Thuraiya/AH ...

Invest Oman Hall Inaugurated to Promote Investment Milieu Muscat, 27 Feb (ONA) --- The Ministry of Commerce, Industry and Investment Promotion inaugurated “Invest Oman” hall at the Civil Aviation Authority (CAA) premises today. The step highlights the efforts exerted to develop the business environment in the Sultanate of Oman and attract and localize foreign investments. The opening ceremony was held under the patronage of Sultan Salim Al Habsi, Minister of Finance. Present at the opening ceremony were Qais Mohammed Al Youssef, Minister of Commerce, Industry and ...

Refineries Products Rise 39.2pc in Oman Muscat, 27 Feb (ONA) --- The total products of refineries in Oman increased by 39.3% till the end of January 2023 compared to the corresponding period in 2022, according to the latest data issued by the National Centre for Statistics and Information (NCSI). The production of standard grade petrol (M-91) surged by 58.3% till the end of January 2023 to stand at 1,442,300 barrels compared to the same period in 2022. Sales of M-91 fuel reached 1,135,800 barrels, comprising a rise by 21%, while exports reached 198,300 ...

MSX Gains 5 PointsMuscat, 27 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (5.4) points, comprising a rise by (0.12%) to close at (4664.65) points, compared to the last session, which stood at (4659.22) points.The trading value today stood at (RO 2,464,866), comprising a decline by (0.4%), compared to the last session, which stood at (RO 2,474,665).The report released by MSX pointed out that the market value went up by (0.117%) to reach about (RO 23.56) billion.The report added that the value of shares bought by non-Omani investors reached (RO 46,000), ...

OIA Launches Four Programmes to Boost ICV Muscat, 27 Feb (ONA) --- Oman Investment Authority (OIA) today launched four programmes to enhance In-country value and local content as part of the ‘Qimam’ Project. Those include a Mandatory List Programme, a Vendor Development Programme and Ring-fencing of Products and Services programme, as well as a Research, Development, and Innovation Guidelines programme. Nasser Sulaiman Al Harthy, Deputy President for Operations at OIA, said that OIA is committed to empowering the Omani private sector, enriching local content, ...

Oman Oil Price Drops 68 CentsMuscat, 27 Feb (ONA) --- Oman oil price (April Delivery) today reached 81.95 US Dollars, comprising a drop by 68 Cents from the price of Last (Friday), which was 82.63 US Dollars.The average price of Oman oil (February Delivery 2023) has stabilized at 77.43 US Dollars per barrel, thus 8.72 US Dollars per barrel lower than January Delivery 2023. --- Ends/Thuraiya/AG ...

Total Foreign Investments Hit More Than RO 25 Billion in Oman in 2021 Muscat, 26 Feb (ONA) --- The gross domestic product (GDP) at current prices in 2021 stood at to about RO 33,909.8 million, up by 16.2 percent compared to 29,187.2 million in 2020 said the bulletin “Foreign Investment Statistics in the Sultanate of Oman" issued by the National Center for Statistics and Information (NCSI). The bulletin indicated that the percentage of foreign investment flows of GDP amounted to 12.6 percent in 2021 compared to 0.7 percent in 2020. The total foreign investment in the ...

MSX Rises 9 Points Muscat, 26 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (9.1) points, comprising a rise by (0.19%) to close at (4659.22) points, compared to the last session, which stood at (4650.16) points. The trading value today stood at (RO 2,474,665), comprising a drop by (1.8%), compared to the last session, which stood at (RO 2,519,667). The report released by MSX pointed out that the market value went up by (0.109%) to reach about (RO 23.53) billion. The report added that the value of shares bought by non-Omani investors reached (RO ...

MSX Rises 15 Points Muscat, 23 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (15.8) points, comprising a rise by (0.34%) to close at (4650.16) points, compared to the last session, which stood at (4634.34) points. The trading value today stood at (RO 2,519,667), comprising a rise by (0.9%), compared to the last session, which stood at (RO 2,496,726). The report released by MSX pointed out that the market value went up by (0.028%) to reach about (RO 23.51) billion. The report added that the value of shares bought by non-Omani investors reached ...

Oman Oil Price Rises 2 Cents Muscat, 23 Feb (ONA) --- Oman oil price (April Delivery) today reached 80.84 US Dollars, comprising a rise by 2 cents from the price of yesterday (Wednesday), which was 80.82 US Dollars. The average price of Oman oil (February Delivery 2023) has stabilized at 77.43 US Dollars per barrel, thus 8.72 US Dollars per barrel lower than January Delivery 2023. --- Ends/AG ...

Oman, USA Sign MoU to Promote Economic Cooperation Muscat, 23 Feb (ONA) --- The Sultanate of Oman, represented by the Ministry of Finance today signed a memorandum of understanding (MoU) with the Export-Import Bank of the United States (EXIM). The MoU was signed on the sidelines of the 1st Oman-US Strategic Dialogue between the two countries. The MoU aims to explore options for utilizing EXIM financing and to promote trade and investment in strategic sectors of Oman’s economy, ranging from renewable energy to manufacturing. The MoU was signed by Abdullah Salim Al Harthy, ...

International Semiconductor Executive Summit Kicks offMuscat, 22 Feb (ONA) --- The International Semiconductor Executive Summit kicked off here today. The event is hosted by the Sultanate of Oman, represented by the Ministry of Transport, Communications and Information Technology.The two-day event witnesses the participation of experts, specialists and CEOs of companies operating in this field from different countries of the world.The summit covers a spectrum of topics, including investment opportunities in information and communication technology (ICT) in Oman and challenges ...

G-20 Finance Chiefs to Tackle Global Economic Threats in India Bengaluru, India, 22 Feb (ONA) --- Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru this week to tackle myriad challenges to global growth and stability, including stubbornly high inflation and surging debt. India is hosting the G-20 financial conclave for the first time in 20 years. Later in the year, it will convene its first summit of G-20 economies. The meetings offer the world’s second most populous country a chance to showcase its ...