News

MSX Closes at 4634.34 Points Muscat, 22 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (1.6) points, comprising a rise by (0.03%) to close at (4634.34) points, compared to the last session, which stood at (4632.75) points. The trading value today stood at (RO 2,496,726), comprising a rise by (34.6%), compared to the last session, which stood at (RO 1,855,590). The report released by MSX pointed out that the market value went up by (0.057%) to reach about (RO 23.50) billion. The report added that the value of shares bought by ...

Oman Logistics Center Organizes Workshop on Last Mile Delivery and E-Commerce Muscat, 22 Feb (ONA) ---- The Ministry of Transport, Communications and Information Technology, represented by Oman Logistics Center organized a workshop on Last Mile Delivery and E-Commerce. The 3-day event comes within the context of "Manjam Labs" that aim at streamlining government service procedures. The workshop seeks to encourage technology and innovation in the logistics sector in a way that comes in line with Oman Logistics Strategy 2040. It is hoped that the workshop ...

Oman Oil Price Drops 1.43 US Dollar Muscat, 22 Feb (ONA) --- Oman oil price (April Delivery) today reached 80.82 US Dollars, comprising a drop by 1.43 US Dollar from the price of yesterday (Tuesday), which was 82.25 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 ...

Economic Forum of Alroya Reviews Boosting Awareness on Freelancing Muscat, 21 Feb (ONA) --- The Al Roya Economic Forum held here today under the theme “Gig Economy” discussed means of boosting awareness on the culture of freelancing and encouraging Omani youth to take part in this field. The opening ceremony of the forum was held under the auspices of Sheikh Saba’a Hamdan Al Sa’adi, Secretary General of the Secretariat General of National Celebrations. The forum included a workshop and a discussion panel on freelancing amid the priorities of the current phase and ...

4th International Conference on Quality and Value Engineering Kicks off Muscat, 21 Feb (ONA) ---- Deliberations of the 4th International Conference on Quality and Value Engineering began here today under the patronage of Sayyid Saud Hilal Al Busaidi, Governor of Muscat. The 2-day event themed “Value Engineering in the Age of Uncertainty” is organized by the Secretariat General of the Tender Board, in conjunction with the Ministry of Labour and some private sector’s institutions. The event aims at disseminating awareness on the importance of value engineering, ...

State Council’s Members Visit PDO Muscat, 21 Feb (ONA) ---- Members of the State Council, led by Sheikh Abdul Malik Abdullah Al Khalili, Chairman of the Council, today visited the headquarters of Petroleum Development Oman (PDO) in Mina Al Fahal. A senior PDO management team, headed by Managing Director Steve Phimister, gave an overview of the Company's performance on a range of matters including health, safety and the environment, production, major projects and the creation of job and training opportunities for Omanis, through its pioneering In-Country Value (ICV) and ...

MSX Gains 10 Points Muscat, 21 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (31.4) points, comprising a drop by (0.67%) to close at (4632.75) points, compared to the last session, which stood at (4664.17) points. The trading value today stood at (RO 1,855,590), comprising a decline by (15.7%), compared to the last session, which stood at (RO 2,201,304). The report released by MSX pointed out that the market value went down by (0.131%) to reach about (RO 23.49) billion. The report added that the value of shares bought by non-Omani investors ...

Tender Results of Government Treasury Bills Worth RO 18 Million Issued This WeekMuscat, 21 Feb (ONA) --- The total issuance of Government Treasury Bills amounted to RO 18 million. The value of the allotted Treasury bills amounted to RO 9 million, for a maturity period of 28 days. The average accepted price reached RO 99.655 for every RO 100, and the minimum accepted price arrived at RO 99.650 per RO 100. The average discount rate and the average yield reached 4.49732% and 4.51289%, respectively.Whereas, the value of the allotted Treasury bills for a maturity period of 91 ...

Oman Air Strengthens Safety Standards with Eighth IOSA Renewal Certification Muscat, 21 Feb (ONA) ---- Continuing to set benchmarks for safety and quality, Oman Air has achieved its eighth International Air Transport Association (IATA) Operational Safety Audit (IOSA) certification. The airline was awarded the renewal for the global accreditation after a successful audit on its operational management and control systems. Capt. Nasser Ahmed Al Salmi, Oman Air’s Chief Operating Officer, said, “The new certification has once again demonstrated the ...

Oman Oil Price Drops 39 Cents Muscat, 21 Feb (ONA) --- Oman oil price (April Delivery) today reached 82.25 US Dollars, comprising a drop by 39 cents from the price of yesterday (Monday), which was 82.64 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 ...

20th Meeting of Committee on Riyadh MoU for Ships Inspection Begins Muscat, 20 Feb (ONA) --- The 20th meeting of the Committee on "Riyadh Memorandum of Understanding" for inspection and control of ships began in Muscat today. Members of the Committee from the GCC maritime administrations, representatives of the international regional memorandums for control and inspection, and a representative of the GCC Secretariat General took part in the meeting. The three-day meeting, which is organized by the Ministry of Transport, Communications and Information Technology, reviews ...

ICAO Secretary General Visits Oman AirportsMuscat, 20 Feb (ONA) --- Juan Carlos, Secretary General of the International Civil Aviation Organization (ICAO), who is visiting Oman to take part in the 2nd edition of the Civil Aviation Legal Advisers Forum (CALAF/2), today visited Oman Airports company. During the visit he met with Sheikh Ayman Ahmed Al Hosni, CEO of Oman Airports. In the meeting, the two sides reviewed prospects of joint cooperation in a bid to serve joint objectives and boost travel and aviation movement among countries of the world. Oman Airports gave a presentation ...

Housing Ministry to Distribute 23,000 Residential Land Plots During 2023 Muscat, 20 Feb (ONA) --- The Ministry of Housing and Urban Planning confirmed that it aims during 2023 to distribute 23,000 residential land plots and register more than 30,000 applications for verification and registration of ownership, as well as ensuring the stability of 1,200 families as part of the housing assistance programme. During its third media dialogue, which was held in Muscat today, the Ministry said that the number of families which benefited from exemption of housing loans during 2021 stood ...

OCCI Inaugurates Commercial Franchise Programme Muscat, 20 Feb (ONA) --- Oman Chamber of Commerce and Industry (OCCI), in cooperation with the Ministry of Commerce, Industry and Investment Promotion, today inaugurated the Commercial Franchise Programme. The 4-day programme kicked off in the Governorate of Muscat and will cover other governorates. The inauguration ceremony was held under the patronage of Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion. It was attended by Faisal Abdullah Al Rowas, Chairman of OCCI. The programme aims ...

Agreement Signed to Purchase Locally Produced Wheat Crop from FarmersMuscat, 20 Feb (ONA) —- In a bid to strengthen the food security system in the Sultanate of Oman, and to encourage the local farmers to grow wheat, the Ministry of Agriculture, Fisheries and Water Resources signed agreement of cooperation with Oman Flour Mills Company, to purchase locally produced wheat crop from farmers in the harvest season of 2022/23 for Ro (500) per ton.The agreement was signed by Dr. Ahmed Nasser Al Bakri, Undersecretary of the Ministry of Agriculture, Fisheries and Water Resources for Agriculture, ...

MSX Gains 10 Points Muscat, 20 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (10.8) points, comprising a rise by (0.23%) to close at (4664.17) points, compared to the last session, which stood at (4653.35) points. The trading value today stood at (RO 2,201,304), comprising a surge by (115.5%), compared to the last session, which stood at (RO 1,021,291). The report released by MSX pointed out that the market value went up by (0.111%) to reach about (RO 23.52) billion. The report added that the value of shares bought by non-Omani investors ...

Oman Oil Price Rises 42 CentsMuscat, 20 Feb (ONA) --- Oman oil price (April Delivery) today reached 82.64 US Dollars, comprising a rise by 42 cents from the price of last Friday, which was 82.22 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/AH ...

Abraj Energy Services IPO Opens TomorrowMuscat, 19 Feb (ONA) —- The initial public offering (IPO) of Abraj Energy Services (under transformation), a subsidiary of OQ, the global integrated energy group, will open tomorrow (Sunday), 20 February 2023.The offering allocated for the first category runs from 20 February until 2 March 2023, whereas the subscription in the second category runs from 20 February 20 until 1 March 2023.The shares of Abraj Energy Services are put for sale in an IPO as part of the divestment plan announced by Oman Investment Authority (OIA) to exit some governmental ...

Abraj Energy Services Conducts Roadshow in Different GovernoratesMuscat, 18 Feb (ONA) —-Abraj Energy Services SAOC, a subsidiary of OQ, the global integrated energy group, will organize five information sessions about the initial public offering (IPO) of its shares during the period from 20 – 26 February 2023 in collaboration with the Capital Market Authority (CMA) and Oman Chamber for Commerce and Industry (OCCI).These sessions aim to educate investors, citizens and residents about the offered shares and the targeted categories.The first information session will start on 20 February at ...

MSX Gains 20 PointsMuscat, 16 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (20.2) points, comprising a rise by (0.44%) to close at (4653.35) points, compared to the last session, which stood at (4633.18) points.The trading value today stood at (RO 1,021,291), comprising a decline by (57.4%), compared to the last session, which stood at (RO 2,396,858).The report released by MSX pointed out that the market value went up by (0.111%) to reach about (RO 23.49) billion.The report added that the value of shares bought by non-Omani investors reached (RO 401,000), ...

Oman Oil Price Rises 68 CentsMuscat, 16 Feb (ONA) --- Oman oil price (April Delivery) today reached 84.15 US Dollars, comprising a rise by 68 cents from the price of yesterday (Wednesday), which was 83.47 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/AH ...

Oman Development Bank, Arab Planning Institute Ink MoU on Training, Consultancy Kuwait, 15 Feb (ONA)—Oman Development Bank (ODB) today signed a memorandum of understanding (MoU) with the Arab Planning Institute in Kuwait to consolidate joint cooperation in the fields of training, capacity building, studies and consultations. The MoU also states that the two sides will hold events and forums that serve the entrepreneurship sector and small and medium enterprises (SMEs) in Oman. The MoU will contribute to enhancing the bank's contribution to financing SMEs ...

Energy Ministry Launches E-platform for Gas Supply Orders Muscat, 15 Feb (ONA)—The Ministry of Energy and Minerals has launched an electronic platform where requests for gas purchases are received and settled. The platform serves companies wishing to get gas supplies for their existing or planned projects in Oman in line with the government's approach to achieve electronic transition and help the ministry provide its services in an efficient manner. The electronic platform will allow the submission of requests for purchase and allocation of natural gas from new investors and ...

MSX Gains 14 Points Muscat, 15 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (14.5) points, comprising a rise by (0.31%) to close at (4633.18) points, compared to the last session, which stood at (4618.69) points. The trading value today stood at (RO 2,396,858), comprising a decline by (28.9%), compared to the last session, which stood at (RO 3,372,904). The report released by MSX pointed out that the market value went up by (0.147%) to reach about (RO 23.46) billion. The report added that the value of shares bought by non-Omani investors ...

Oman Oil Price Declines 1.72 US Dollars Muscat, 15 Feb (ONA) --- Oman oil price (April Delivery) today reached 83.47 US Dollars, comprising a decline by 1.72 US Dollars from the price of yesterday (Tuesday), which was 85.19 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/AH ...

Oman to Host 2nd Civil Aviation Legal Advisers Forum Next TuesdayMuscat, 14 Feb (ONA) —— The Sultanate of Oman, represented by the Civil Aviation Authority (CAA), will host the 2nd Civil Aviation Legal Advisers Forum (CALAF/2), organized by the International Civil Aviation Organization (ICAO) during 21-23 February.As many as 63 countries and 3 international organizations will participate in the forum.Held for the second time, the Civil Aviation Legal Advisers Forum will facilitate a continuing focus of attention on issues of interest to the international aviation community in the legal ...

Workshop Held on Agreement for Supporting Fishing Areas Muscat, 14 Feb (ONA)—The Sultanate of Oman is hosting a workshop on the international agreement to support fishing areas. The three-day workshop, which began in Muscat today, is held in cooperation with the World Trade Organization (WTO). The workshop seeks to enhance the participants' understanding of the legal texts of the agreement and the ensuing obligations of WTO member states. Dr. Hussein Mohammed Al Masqati, Director of the Fisheries Resources Development and Management Department at the Ministry of ...

WTO Reviews Efforts Supporting Trade Liberalization, Economic Growth Muscat, 14 Feb (ONA) --- The Ministry of Commerce, Industry and Investment Promotion and the Ministry of Agriculture, Fisheries and Water Resources today organized a meeting with the World Trade Organization (WTO). The meeting held to exchange views on issues related to the WTO tasks and efforts in support of international trade liberalization and economic growth. The meeting touched on ways to support the global trade system, achieve stability in the trade movement and maintain the best rates of its flows ...

Tender Results of Government Treasury Bills Worth RO 29 Million Issued Muscat, 14 Feb (ONA) --- The total issuance of Government Treasury Bills stood at RO 29 million. The value of the allotted Treasury bills amounted to RO 12 million, for a maturity period of 28 days. The average accepted price reached RO 99.654 for every RO 100, and the minimum accepted price arrived at RO 99.650 per RO 100. The average discount rate and the average yield reached 4.50818% and 4.52384%, respectively. The value of the allotted Treasury bills amounted to RO 12 million, for a maturity period of 91 ...

Vale Oman Pelletizing Company Becomes 100pc Foreign-capital Company Muscat, 14 Feb (ONA) --- Vale SA has announced that it has acquired 30 percent of Vale Oman Pelletizing Company (Vale in Oman) from OQ, Oman's global integrated energy company. This is in line with OQ's efforts to attract foreign investments and enter partnerships that maximize the utilization of Omani natural resources. The ownership transfer is expected to conclude in Q2 of 2023 with the full support of both parties as Vale in Oman continues to make meaningful investments and expand its business in Oman ...