News

Oman Participates in Ministerial Meeting of Arab Economic, Social Council Cairo, 31 Aug (ONA) --- The Sultanate of Oman, represented by the Ministry of Economy, took part in the 112th ministerial session of the Economic and Social Council of the Arab League. The session was held at the Arab League Secretariat General in Cairo, Egypt today. Oman’s delegation was headed by Dr. Said Mohammed Al Saqri, Minister of Economy.The meeting reviewed the report of the Arab League’s Secretary General on joint Arab economic and social development action, as well as the economic and social ...

MSX Gains 38 PointsMuscat, 31 Aug (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (38.7) points, comprising a rise by (0.81%) to close at (4798.97) points, compared to the last session, which stood at (4760.30) points.The trading value today stood at (RO 3,031,351), comprising a rise by (2.3%), compared to the last session, which stood at (RO 2,963,121).The report released by MSX pointed out that the market value went up by (0.212%) to reach about (RO 23.85) billion.The report added that the value of shares bought by non-Omani investors reached (RO 733,000), ...

More than 739,000 Visit Khareef Dhofar Venues till 15 August 2023 Salalah, 31 Aug (ONA) --- As many as 739,884 tourists and visitors showed up at Khareef Dhofar venues from the start of the monsoon season until 15 August 2023. The number of visitors was 16.3 percent higher than its counterpart during the corresponding period in 2022, when (636,218 visitors) visited Dohfar. According to an executive summary issued by the National Centre for Statistics and Information (NCSI), Omani visitors to Khareef Dhofar venues grew by 16 percent to 516,276 while the number of visitors from ...

OIA Launches Its Leadership Development Program Muscat, 31 Aug (ONA) --- Stemming from the high-value Oman Investment Authority (OIA) places on empowering national competencies to assume and excel in leadership positions, OIA is launching its Leadership Development School. This initiative is geared towards developing leadership capacities at OIA, the Ministry of Finance, and some OIA companies. The program is designed in collaboration with OIA subsidiary, Takatuf and the human resources consultancy company, as well as the Center for Creative Leadership (CCL). The program was ...

Oman Oil Price Rises 36 CentsMuscat, 31 Aug (ONA) --- Oman oil price (October delivery 2023) today reached 87.49 US Dollars, comprising a rise by 36 cents from the price of yesterday (Wednesday), which stood at 87.13 US Dollars.The average price of Oman oil (August delivery 2023) has stabilized at 74.78 US Dollars per barrel, thus 16 cents per barrel lower than July delivery 2023. --- Ends/Thuraiya/KH ...

MSX Drops 20 PointsMuscat, 30 Aug (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (20.5) points, comprising a drop by (0.43%) to close at (4760.30) points, compared to the last session, which stood at (4780.81) points.The trading value today stood at (RO 2,963,121), comprising a decline by (24.1%), compared to the last session, which stood at (RO 3,903,639).The report released by MSX pointed out that the market value went down by (0.122%) to reach about (RO 23.80) billion.The report added that the value of shares bought by non-Omani investors reached (RO 273,000), ...

Oman LNG Signs Two Binding Term-sheet Agreements to Supply More Than 1.5 mtpa of LNG Muscat, 30 Aug (ONA) --- Oman LNG has announced the signing of two binding term sheet agreements to supply 0.8 million metric tonnes per annum of LNG to Shell International Trading Middle East FZE and 0.75 million metric tonnes per annum of LNG to OQ Trading. The step comes to leverage the strategic partnership between Oman LNG and other energy firms. Based on these agreements, Shell International Trading Middle East FZE will receive 0.8 million metric tonnes per annum of LNG from the ...

ICCA Middle East Summit 2023 Kicks offMuscat, 30 Aug (ONA) --- The Middle East version of the International Congress and Convention Association’s (ICCA) meeting, hosted by the Sultanate of Oman, kicked off at Oman Convention and Exhibition Centre in Muscat today.At the two-day event, held under the theme of “Forging a Collective Path to a Prosperous Future”, Oman is represented by the Ministry of Heritage and Tourism. More than 120 local and regional experts are taking part in the meeting. By showcasing successful experiences and future thinking about the conference ...

Oman Oil Price Rises 65 Cents Muscat, 30 Aug (ONA) --- Oman oil price (October delivery 2023) today reached 87.13 US Dollars, comprising a rise by 65 cents from the price of yesterday (Tuesday), which stood at 86.48 US Dollars. The average price of Oman oil (August delivery 2023) has stabilized at 74.78 US Dollars per barrel, thus 16 cents per barrel lower than July delivery 2023. --- ...

Heritage, Tourism Ministry Organizes Event on Omani Associations Day Muscat, 29 Aug (ONA) --- The Ministry of Heritage and Tourism today organized “Omani Associations Day” event with participation of different professional associations. The event was organized under the patronage of Azzan Qassim Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism for Tourism. The event aimed at contributing to enhancing the local society of associations, developing cooperation, and exchanging knowledge between them. This is due to its vital role in ...

Hotel Revenues in Oman Grow 27.8pc to RO 122m in July 2023Muscat, 29 Aug (ONA) --- The revenues of 3-5-star hotels in Oman stood at RO 122,530,000 as at the end of July 2023, up by 27.8% over the corresponding period in 2022.Statistics issued by the National Centre for Statistics and Information (NCSI) show that the total number of hotel guests grew by 25.8 percent to 1,098,157 by the end of July 2023, compared to 872,796 during the corresponding period in 2022.Hotel occupancy posted a growth of 10.3%.The number of Omani guests reached 411,551. Meanwhile, the number of guests form the ...

Tender Board Launches Programmes, Initiatives to Promote Local Content Muscat, 29 Aug (ONA) ---- The Secretariat General of the Tender Board today launched mandatory guidelines requiring contractors doing business with the government to purchase the products and services of Omani factories and local suppliers. The list, which will be included in all tenders and government procurements, was compiled in coordination with the Ministry of Commerce, Industry and Investment Promotion. This was unveiled during a ceremony to announce In-Country Value (ICV) programmes and ...

MSX Gains 11 Points Muscat, 29 Aug (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (11.5) points, comprising a rise by (0.24%) to close at (4780.81) points, compared to the last session, which stood at (4769.35) points. The trading value today stood at (RO 3,903,639), comprising a rise by (8.4%), compared to the last session, which stood at (RO 3,600,679). The report released by MSX pointed out that the market value went up by (0.076%) to reach about (RO 23.83) billion. The report added that the value of shares bought by non-Omani investors reached (RO ...

Oman Oil Price Drops 34 Cents Muscat, 29 Aug (ONA) --- Oman oil price (October delivery 2023) today reached 86.48 US Dollars, comprising a drop by 34 cents from the price of yesterday (Monday) which stood at 86.82 US Dollars. The average price of Oman oil (August delivery 2023) has stabilized at 74.78 US Dollars per barrel, thus 16 cents per barrel lower than July delivery 2023. --- Ends/Thuraiya/AH ...

Workshop Studies Proposals to Develop Exhibition Sector in Oman Muscat, 28 Aug (ONA) --- The Ministry of Commerce, Industry and Investment Promotion organized a workshop in Muscat today to discuss proposals for developing the exhibition sector. The workshop saw the participation of government departments and companies specialized in the exhibition sector. The workshop discussed the stages of amending the bylaw on organizing and managing exhibitions and related ministerial decisions. It made an overview of exhibitions organized between 2021 and 2023. The workshop explored new ...

MSX Drops 2 Points Muscat, 28 Aug (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (2.8) points, comprising a drop by (0.06%) to close at (4769.35) points, compared to the last session, which stood at (4772.13) points. The trading value today stood at (RO 3,600,679), comprising a rise by (35.3%), compared to the last session, which stood at (RO 2,662,092). The report released by MSX pointed out that the market value went down by (0.051%) to reach about (RO 23.81) billion. The report added that the value of shares bought by non-Omani investors reached (RO ...

Oman Exports Fish Worth RO 140 Million in 2022 Muscat, 28 Aug (ONA) ---- The total fish exports of the Sultanate of Oman by the end of 2022 stood at about 281,601 tons, generating RO 140,089,300 and posting a rise of 15.8% compared to 2021. The figures issued by the National Centre for Statistics and Information indicated that Omani fish exports to the GCC countries stood at about 74,323 tons at the end of last year. As many as 2372 tons of fish were exported to Europe, 18,996 tons to America and 185,909 to other countries. The Sultanate of Oman's fish exports ...

Tender Results of Government Treasury Bills Worth RO 23 Million Issued Muscat, 28 Aug (ONA) ---- The total issuance of Government Treasury Bills amounted to RO 23 million. The value of the allotted Treasury bills amounted to RO 2 million, for a maturity period of 28 days. The average accepted price reached RO 99.660 for every RO 100, and the minimum accepted price arrived at RO 99.660 per RO 100. The average discount rate and the average yield reached 4.43214% and 4.44726%, respectively. The value of the allotted Treasury bills amounted to RO 21 million, for a maturity ...

NEP Team Holds Workshop on Developing Omanisation Strategy for Logistics Sector Muscat, 28 Aug (ONA) ---- The team tasked with National Employment Programme (NEP) today organized a workshop in Muscat on devising a strategy for Omanisation in the logistics sector. Held in cooperation with various government and private sector establishments, the workshop was aimed at enhancing Omanization opportunities, addressing the challenges and forging appropriate solutions in line with the priorities of Oman Vision 2040. Eng. Azhar Ahmed Al Kindi, Technical Director of the NEP, said ...

Oman Oil Price Rises 43 Cents Muscat, 28 Aug (ONA) --- Oman oil price (October delivery 2023) today reached 86.82 US Dollars, comprising a rise by 43 cents from the price of last (Friday) which stood at 86.39 US Dollars. The average price of Oman oil (August delivery 2023) has stabilized at 74.78 US Dollars per barrel, thus 16 cents per barrel lower than July delivery 2023. --- Ends/Thuraiya/AH ...

Exchange Rate Index of Omani Rial Rises 1.6pc Muscat, 27 Aug (ONA) --- The effective exchange rate index of the Omani Rial rose by 1.6% to 115.3 points by the end of June 2023, compared to 113.5 points at the end of the same period in 2022, according to the data issued by the National Centre for Statistics and Information (NCSI). The total foreign assets at the Central Bank of Oman (CBO) increased by 3% by the end of June 2023 to stand at RO 6,586.8 million compared to RO 6,392.3 million during the same period in 2022. The statistics showed that local liquidity grew by 3.4% ...

OHB Approves More Than 2,000 Housing Loans in 2023Muscat, 27 Aug (ONA) --- During the first half of 2023, Oman Housing Bank (OHB) approved more than 2,000 housing loans having a lumpsum value of more than RO 86 million.The loans, endorsed in various governorates of Oman, seek to enhance the bank's role in meeting the needs of deserving applicants.The number of housing loans awarded through OHB in the Governorate of Muscat stood at 502. OHB also approved 92 housing loans in Salalah, 276 loans in Sohar, 115 in Sur, 267 in Nizwa and 17 in Khasab.OHB’s Al Rustaq branch garnered the ...

Oman Participates in G20 Trade and Investment Ministers' Meetings New Delhi, 27 Aug (ONA) ---- The Sultanate of Oman participated in the G20 Trade and Investment Ministers' meetings, which took place in Jaipur city, the Republic of India. Oman’s delegation was led by Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion. The meetings discussed issues related to trade and investment, most importantly means of supporting multilateral trade for global growth and prosperity, digitizing trade (digital transformation in government services), building ...

Oman, Korea Ink MoU on Green Energy Transition Muscat, 27 Aug (ONA) ---- The Sultanate of Oman today signed a memorandum of understanding (MoU) with the Republic of Korea in the field of green energy transition. Oman was represented by the Ministry of Energy and Minerals, while Korea was represented by the Ministry of Environment. The MoU, signed in Muscat, reflects the advanced status of bilateral relations and the two countries’ keenness to consolidate cooperation in green transition. The MoU was signed by Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, ...

SOHAR Freezone Signs Lease Agreement to Manufacture Industrial, Medical Gases Unit Sohar, 27 Aug (ONA) --- SOHAR Port and Freezone announced the signing of a land lease agreement with Air Care Systems Company (FZC) LLC for the production of industrial and medical gases unit in SOHAR Freezone. Under the terms of this agreement, Air Care Systems Company is set to manufacture crucial gases, including Liquid Oxygen, Liquid Nitrogen, and Liquid Argon. The signing ceremony took place in the presence of HH Sayyid Juland bin Jaifar Salim Al Said, Chairman of Pak Oman Investment ...

ASMED Amendments Pave Way for Better SME Funding, EntrepreneurshipMuscat, 27 Aug (ONA) --- The Authority for Small and Medium Enterprises Development (ASMED) has issued amendments to the regulation governing small and medium enterprises (SMEs) and artisans’ business. The step introduces necessary flexibility to develop SMEs and sustain their growth.The amendments will also encourage entrepreneurs to launch and expand their projects locally and abroad, besides motivating jobseekers to explore opportunities in the entrepreneurial sector. The outcome will reflect positively on raising ...

MSX Drops 3 Points Muscat, 27 Aug (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (3.8) points, comprising a drop by (0.08%) to close at (4772.13) points, compared to the last session, which stood at (4775.96) points. The trading value today stood at (RO 2,662,092), comprising a decline by (19.4%), compared to the last session, which stood at (RO 3,301,668). The report released by MSX pointed out that the market value went down by (0.025%) to reach about (RO 23.82) billion. The report added that the value of shares bought by non-Omani investors reached ...

MSX Closes at 4775 PointsMuscat, 24 Aug (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (0.9) point, comprising a rise by (0.02%) to close at (4775.96) points, compared to the last session, which stood at (4775.01) points.The trading value today stood at (RO 3,301,668), comprising a surge by (47.6%), compared to the last session, which stood at (RO 2,237,615).The report released by MSX pointed out that the market value went up by (0.048%) to reach about (RO 23.83) billion.The report added that the value of shares bought by non-Omani investors reached ...

Oman Oil Price Drops 15 CentsMuscat, 24 Aug (ONA) --- Oman oil price (October delivery 2023) today reached 85.19 US Dollars, comprising a drop by 15 cents from the price of yesterday (Wednesday) which stood at 85.34 US Dollars.The average price of Oman oil (August delivery 2023) has stabilized at 74.78 US Dollars per barrel, thus 16 cents per barrel lower than July delivery 2023. --- Ends/Thuraiya/AG ...

MSX Gains 2 Points Muscat, 23 Aug (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (2.4) points, comprising a drop by (0.05%) to close at (4775.01) points, compared to the last session, which stood at (4772.59) points. The trading value today stood at (RO 2,237,615), comprising a decline by (25.98%), compared to the last session, which stood at (RO 3,022,899). The report released by MSX pointed out that the market value went down by (0.069%) to reach about (RO 23.81) billion. The report added that the value of shares bought by non-Omani investors ...