News

  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 ...

  Muscat, 12 Oct (ONA) --- The total value of property transactions in the Sultanate at the end of August 2021 increased by 14.2% to reach RO 1,744,100,000 compared to the same period of 2020, as indicated by the preliminary statistics issued by the National Centre for Statistics and Information (NCSI).   The Sultanate’s Government collected RO 50.3 million as real estate transaction fees at the end of August 2021, which is a rise of 21% compared to the same period of 2020.   The traded value of sales contracts also increased by 51.1% to RO ...

  Muscat, 12 Oct (ONA) --- The total value of property transactions in the Sultanate at the end of August 2021 increased by 14.2% to reach RO 1,744,100,000 compared to the same period of 2020, as indicated by the preliminary statistics issued by the National Centre for Statistics and Information (NCSI).   The Sultanate’s Government collected RO 50.3 million as real estate transaction fees at the end of August 2021, which is a rise of 21% compared to the same period of 2020.   The traded value of sales contracts also increased by 51.1% to RO ...

  Muscat, 12 Oct (ONA) --- The total value of property transactions in the Sultanate at the end of August 2021 increased by 14.2% to reach RO 1,744,100,000 compared to the same period of 2020, as indicated by the preliminary statistics issued by the National Centre for Statistics and Information (NCSI).   The Sultanate’s Government collected RO 50.3 million as real estate transaction fees at the end of August 2021, which is a rise of 21% compared to the same period of 2020.   The traded value of sales contracts also increased by 51.1% to RO ...

Tender Results of Government Treasury Bills Worth RO 287 Million Issued      Muscat, 12 Oct (ONA) --- A tender of Government Treasury Bills, issue number 547, worth RO 287 Million was announced this week.           The 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 ...

Tender Results of Government Treasury Bills Worth RO 287 Million Issued      Muscat, 12 Oct (ONA) --- A tender of Government Treasury Bills, issue number 547, worth RO 287 Million was announced this week.           The 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 ...

Tender Results of Government Treasury Bills Worth RO 287 Million Issued      Muscat, 12 Oct (ONA) --- A tender of Government Treasury Bills, issue number 547, worth RO 287 Million was announced this week.           The 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 ...

MSX Declines 11 Points   Muscat, 11 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (11.1) points, comprising a decline by (0.280%) to close at (‪‪3957.86) points, compared to the last session, which stood at (‪‪‪‪3969) points.   The trading value today stood at (RO 2,628,527) comprising a drop by (71.8%), compared to the last session, which stood at (RO 9,313,288).   The report released by MSX pointed out that the market value fell by (0.156%) to reach about (RO 22.04) billion.   The report added that the ...

MSX Declines 11 Points   Muscat, 11 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (11.1) points, comprising a decline by (0.280%) to close at (‪‪3957.86) points, compared to the last session, which stood at (‪‪‪‪3969) points.   The trading value today stood at (RO 2,628,527) comprising a drop by (71.8%), compared to the last session, which stood at (RO 9,313,288).   The report released by MSX pointed out that the market value fell by (0.156%) to reach about (RO 22.04) billion.   The report added that the ...

MSX Declines 11 Points   Muscat, 11 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (11.1) points, comprising a decline by (0.280%) to close at (‪‪3957.86) points, compared to the last session, which stood at (‪‪‪‪3969) points.   The trading value today stood at (RO 2,628,527) comprising a drop by (71.8%), compared to the last session, which stood at (RO 9,313,288).   The report released by MSX pointed out that the market value fell by (0.156%) to reach about (RO 22.04) billion.   The report added that the ...

Diesel Production in Oman Exceeds 24 Million Barrels by End of August 2021   Muscat, 11 Oct (ONA) --- The Sultanate recorded a rise in the production of super grade petrol (M-95) by 19% to reach 9,397,500 barrels as at the end of August 2021 compared to 7,903,000 barrels at the same period of 2020, according to data released by the National Centre for Statistics and Information (NCSI).   Sales of M-95 grade petrol reached 8,354,900 barrels as at the end of August 2021 compared to 7,171,500 barrels during the same period in 2020, comprising an increase by 17%. ...

Diesel Production in Oman Exceeds 24 Million Barrels by End of August 2021   Muscat, 11 Oct (ONA) --- The Sultanate recorded a rise in the production of super grade petrol (M-95) by 19% to reach 9,397,500 barrels as at the end of August 2021 compared to 7,903,000 barrels at the same period of 2020, according to data released by the National Centre for Statistics and Information (NCSI).   Sales of M-95 grade petrol reached 8,354,900 barrels as at the end of August 2021 compared to 7,171,500 barrels during the same period in 2020, comprising an increase by 17%. ...

Diesel Production in Oman Exceeds 24 Million Barrels by End of August 2021   Muscat, 11 Oct (ONA) --- The Sultanate recorded a rise in the production of super grade petrol (M-95) by 19% to reach 9,397,500 barrels as at the end of August 2021 compared to 7,903,000 barrels at the same period of 2020, according to data released by the National Centre for Statistics and Information (NCSI).   Sales of M-95 grade petrol reached 8,354,900 barrels as at the end of August 2021 compared to 7,171,500 barrels during the same period in 2020, comprising an increase by 17%. ...

IIC Finances Innovative Industrial Products with More Than RO 2 Million  Muscat, 11 Oct (ONA) --- The annual report of the Industrial Innovation Center (IIC) showed that the center supported startup companies inside the Sultanate with an amount of RO 2,85,057 during the period from 2017 until 2020. This comes as part of the efforts exerted by the IIC to enhance innovation in industrial activities, add high value to natural resources in the Sultanate and promote self-sufficiency of locally made products. The report of the IIC, established as an outcome of the National Program for ...

IIC Finances Innovative Industrial Products with More Than RO 2 Million  Muscat, 11 Oct (ONA) --- The annual report of the Industrial Innovation Center (IIC) showed that the center supported startup companies inside the Sultanate with an amount of RO 2,85,057 during the period from 2017 until 2020. This comes as part of the efforts exerted by the IIC to enhance innovation in industrial activities, add high value to natural resources in the Sultanate and promote self-sufficiency of locally made products. The report of the IIC, established as an outcome of the National Program for ...

IIC Finances Innovative Industrial Products with More Than RO 2 Million  Muscat, 11 Oct (ONA) --- The annual report of the Industrial Innovation Center (IIC) showed that the center supported startup companies inside the Sultanate with an amount of RO 2,85,057 during the period from 2017 until 2020. This comes as part of the efforts exerted by the IIC to enhance innovation in industrial activities, add high value to natural resources in the Sultanate and promote self-sufficiency of locally made products. The report of the IIC, established as an outcome of the National Program for ...