News

Muscat, 17 May (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (8.8) points, comprising a rise by (0.21%) to close at (‪‪‪‪4163.26) points, compared to the last session, which stood at (‪‪‪‪‪‪4154.49) points.The trading value today stood at (RO 2,429,731), comprising a surge by (41.8%), compared to the last session, which stood at (RO 1,713,117).The report released by MSX pointed out that the market value went up by (0.092%) to reach about (RO 22.44) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Muscat, 17 May (ONA) --- Asyad Group, Oman’s global integrated logistics service provider, signed several agreements with five small and medium enterprises (SMEs) as the second batch to join Tomooh Incubator Programme. The programme aims to develop the e-commerce sector and to provide the necessary support for SMEs. Managed by Asyad Express, Tomooh Incubator Programme has been designed to be a platform for e-commerce entrepreneurs, SMEs and startups, enabling them to access Asyad’s integrated logistics solutions. The incubator has become a vital component sitting at the ...

Muscat, 17 May (ONA) --- Dr. Saleh Said Masn, the Ministry of Commerce, Industry and Investment Promotion’s Undersecretary for Commerce and Industry received in his office today Alireza Peyman-Pak, Deputy Minister for Industry, Mining and Trade of the Islamic Republic of Iran. The two sides reviewed the march of relations between the two countries. They also explored areas of joint cooperation in the fields of economic diversification and means of boosting trade and investment opportunities between the two countries. The meeting covered exchanging expertise and ...

Muscat, 17 May (ONA) --- Acting in coordination with the United Nations’ Economic and Social Committee for West Asia (ESCWA), the Ministry of Economy held a workshop today to familiarize representatives of government units about the programmes of the ESCWA.The workshop explored ESCWA’s success stories in countries of the region and studied ways to develop its technical cooperation with the Sultanate of Oman.Models of technical cooperation were outlined during the workshop, which also covered economic modeling, the simulator set for policy makers in the Arab region and the social ...

Muscat, 17 May (ONA) --- Eng. Said Hamoud Al Ma’awali, Minister of Transport, Communications and Information Technology received in his office today Alireza Peyman-Pak, Deputy Minister for Industry, Mining and Trade of the Islamic Republic of Iran.The two sides reviewed areas of cooperation in the fields of transport, communications and information technology and ways of enhancing them to serve the interests of the two countries. The meeting was attended by Eng. Khamis Mohammed Al Shamakhi, Undersecretary for Transport. --- Ends/Thuraiya/Anas ...

Muscat, 17 May (ONA) --- A tender of Government Treasury Bills, issue number 139, worth RO 27.9 million was issued this week. 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 repurchase facilities (Repo). The results of the said issue are as follows: The total value of the allotted Treasury bills amounted ...

Muscat, 17 May (ONA) --- Oman oil price (July Delivery 2022) today reached 111.03 US Dollars, comprising a rise by 4.03 US Dollars from the price of yesterday (Monday), which was 106.52 US Dollars.The average price of Oman oil (May Delivery 2022) has stabilized at 110.96 US Dollars, thus 19 US Dollars per barrel higher than April Delivery 2022. --- Ends/Thuraiya/Anas ...

Muscat, 16 May (ONA) --- Mobile workshops to promote the Sultanate of Oman as a tourist destination suitable for travel all-year round will be held in France and Italy from 17-19 May 2022. The workshops, organized by the Ministry of Heritage and Tourism, will see the participation of ambassadors and a delegation from the ministry. The delegation comprises the 27 most prominent partners in the tourism, hotel and aviation sectors in Oman. As many as 200 tourism establishments in Oman, France and Italy will participate in the workshops. --- Ends/Anas/AH ...

Muscat, 16 May (ONA) --- The total number of registered vehicles in the Sultanate of Oman reached 1,560,778 by the end of March 2022, according to the latest data issued by the National Centre for Information and Statistics (NCSI). Vehicles with private registration stood at 1,239,755, comprising 79.4% of the total number of registered vehicles in Oman. Meanwhile, vehicles with commercial registration reached 233,834, constituting 15%. Taxi vehicles stood at (28,351), comprising 1.8%, while rental vehicles stood at (24,658), comprising 1.6%. The number of government vehicles ...

Muscat, 16 May (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (10.5) points, comprising a rise by (0.25%) to close at (‪‪‪‪4154.49) points, compared to the last session, which stood at (‪‪‪‪‪‪4144.00) points.The trading value today stood at (RO 1,713,117), comprising a surge by (2.8%), compared to the last session, which stood at (RO 1,665,688).The report released by MSX pointed out that the market value went up by (0.802%) to reach about (RO 22.42) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Muscat, 16 May (ONA) --- Oman Development Bank (ODB) achieved positive lending indicators during the first quarter of 2022. The value of loans recorded an increase by 29% compared to the same period in 2021 to stand at RO 18,887,544, divided into RO 15,127,544 as development loans in various promising economic sectors in all the governorates of Oman and RO 3.760 million for agricultural projects for areas damaged by Tropical Cyclone /Shaheen/. These indicators come in the framework of ODB’s efforts to keep pace with the government’s approach in stimulating the national ...

Brussels, 16 May (ONA) —- The European Union (EU) has slashed its forecasts for economic growth in the 27-nation bloc amid the prospect of a drawn-out Russian war in Ukraine and disruptions to energy supplies.The EU’s gross domestic product will expand 2.7% this year and 2.3% in 2023, the bloc’s executive arm said today — its first economic predictions since Russia invaded Ukraine on 24 February 2022.The European Commission’s previous outlook expected growth of 4% this year and 2.8% in 2023. The EU economy expanded 5.4% last year following a deep recession prompted by the Covid-19 ...

Duqm, 16 May (ONA) --- The Special Economic Zone at Duqm (SEZAD) received a delegation of 13 ambassadors and representatives of the European Union (EU) member states. The delegation met with Dr. Ali Masoud Al Sunaidi, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), and CEOs of companies operating in the Special Economic Zone at Duqm. They were briefed on the investment opportunities in the Special Economic Zone at Duqm and the package of incentives, advantages and facilities offered to investors and businesspersons. The delegation was ...

Muscat, 16 May (ONA) --- Oman oil price (July Delivery 2022) today reached 106.52 US Dollars, comprising a rise by 1.37 US Dollars from the price of last (Friday), which was 105.15 US Dollars.The average price of Oman oil (May Delivery 2022) has stabilized at 110.96 US Dollars, thus 19 US Dollars per barrel higher than April Delivery 2022. --- Ends/Thuraiya/Anas ...

Muscat, 15 May (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (1.7) point, comprising a decline by (0.04%) to close at (‪‪‪‪4144.00) points, compared to the last session, which stood at (‪‪‪‪‪‪4145.74) points.The trading value today stood at (RO 1,665,688), comprising a drop by (39.9%), compared to the last session, which stood at (RO 2,769,884).The report released by MSX pointed out that the market value went up by (0.008%) to reach about (RO 22.24) billion.The report added that the value of shares bought by non-Omani investors reached ...

Muscat, 15 May (ONA) --- The total outstanding credit extended by other depository corporations (ODCs), consisting of conventional and Islamic Banks, in Oman grew by 2.8% to reach RO 27.9 billion by the end of March 2022. According to the data issued by the Central Bank of Oman (CBO), the credit extended to the private sector recorded an increase by 0.7% (Y-o-Y) to reach RO 23.5 billion. Non-financial corporation and the household sector received the highest shares of the total private sector credit, constituting 45.4% each, by the end of March 2022. The share of financial ...

Muscat, 15 May (ONA) —— Phase 1 (A) of Al Nakheel Integrated Tourism Complex (ITC) development was launched at a ceremony held at the W Hotel Muscat today under the patronage of Salim Mohammed Al Mahrouqi, Minister of Heritage and Tourism.Al Nakheel ITC project, which spans a total area of 500,000 square meters of usufruct land, is located in Al Rumais which links Muscat Governorate with the Wilayat of Barka. The development is characterised by its 830-meter waterfront overlooking the Sea of Oman. At the heart of the development is the Crystal Lagoon covering an area of 51,000 square ...

New Delhi, 12 May (ONA) --- The Omani-Indian joint business council meeting held here today explored investment opportunities and speeding partnerships between the two sides. Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion said that the meeting aimed to draft work agenda that can boost growth in both countries. On his turn, Shri Piyush Goyal, Minister of Commerce and Industry of the Republic of India said that India is planning to sign an agreement with Oman to enhance economic relations between the two countries. Eng. Ridha Juma Al Saleh, ...

Muscat, 12 May (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (13.6) points, comprising a decline by (0.33%) to close at (‪‪‪‪4145.74) points, compared to the last session, which stood at (‪‪‪‪‪‪4159.32) points. The trading value today stood at (RO 2,769,884), comprising an increase by (55.3%), compared to the last session, which stood at (RO 1,783,553). The report released by MSX pointed out that the market value went down by (0.099%) to reach about (RO 22.24) billion. The report added that the value of shares bought by ...

Dar es Salaam, 12 May (ONA) --- Oman Investment Authority (OIA) signed today a Memorandum of Understanding (MoU) with the Government of Tanzania in the field of deep sea exploration and fishing. The MoU comes within the framework of the OIA’s efforts to expand in international markets, achieve diversity in targeted sectors, find opportunities to enter external markets to find new investment opportunities and enhance its partnership with the countries it invests in. The MoU was signed by Mohamed Al Toqi, General Manager of OIA’s East Africa office and Mashimba Mdaki, Minister ...

Muscat, 12 May (ONA) --- Oman oil price (July Delivery 2022) today reached 102.94 US Dollars, comprising a rise by 1 cent from the price of yesterday (Wednesday), which was 102.93 US Dollars. The average price of Oman oil (May Delivery 2022) has stabilized at 110.96 US Dollars, thus 19 US Dollars per barrel higher than April Delivery 2022. --- Ends/Anas ...

Dubai, 11 May (ONA) --- The Sultanate of Oman, represented by the Ministry of Heritage and Tourism concluded its participation in the Arabian Travel Market in Dubai, which is considered as the Middle East’s specialized exhibition for tourism. Oman’s delegation is headed by Azzan Qasim Al Busaidi, the Ministry of Heritage and Tourism’s Undersecretary for Tourism. Present at the meeting were representatives of 14 establishments from Oman’s tourism sector. The conference highlighted the future of travel and tourism in the Middle East in the post Covid-19 pandemic era. It ...

Muscat, 11 May (ONA) --- The Union of Arab Securities Authorities (UASA) board held its 16th meeting here today to discuss a spectrum of topics, including developing capital markets, facing systemic risks and supporting liquidity and financial sustainability. The event also covered cyber risks, fraud risks, financial technology, investor education and awareness and financial inclusion. The meeting, which was hosted by the Capital Market Authority (CMA), came within the framework of the efforts exerted by member states to enhance cooperation and to upgrade the legislative and ...

Muscat, 11 May (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (4.6) points, comprising a rise by (0.11%) to close at (‪‪‪‪4159.32) points, compared to the last session, which stood at (‪‪‪‪‪‪4154.72) points. The trading value today stood at (RO 1,783,553), comprising a drop by (30.6%), compared to the last session, which stood at (RO 2,571,207). The report released by MSX pointed out that the market value went up by (0.102%) to reach about (RO 22.26) billion. The report added that the value of shares bought by non-Omani investors ...

Muscat, 11 May (ONA) --- Oman oil price (July Delivery 2022) today reached 102.93 US Dollars, comprising a drop by 20 cents from the price of yesterday (Tuesday), which was 103.13 US Dollars. The average price of Oman oil (May Delivery 2022) has stabilized at 110.96 US Dollars, thus 19 US Dollars per barrel higher than April Delivery 2022. --- ...

Muscat, 10 May (ONA) --- The Omani-Indian Joint Committee will hold its tenth meeting in New Delhi, India, on Thursday 12 May 2022. Oman’s delegation is headed by Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion. The meeting aims at strengthening trade and investment relations between the two countries in sectors of mutual interest. The Omani delegation includes a number of officials and representatives of the public sector, comprising the Oman Investment Authority (OIA), the Public Authority for Special Economic Zones and Free Zones ...

Muscat, 10 May (ONA) --- The Ministry of Education signed today two agreements with Oman Liquefied Natural Gas Company (Oman LNG) to fund projects that support science, knowledge, research and innovation in Oman. The first agreement is on developing the Scientific Exploration Centre in the Governorate of North A’Sharqiyah. The centre targets raising awareness on the importance of using renewable energy, particularly hydropower, hydrogen, wind and solar energy in reducing environmental risks. The second agreement is on funding a training programme for 320 students in several ...

Muscat, 10 May (ONA) --- Muscat Stock Exchange (MSX) today signed a Memorandum of Understanding (MoU) with Iraq Stock Exchange (ISX) on drafting procedures of joint cooperation between the two institutions. The MoU targets exchanging information and promoting best practices related to publishing and declaring information. It also aims to support the integrity and competence of stock exchanges in both countries. The MoU was signed by Haitham Salim Al Salmi, CEO of MSX and Thaer Adnan Hashem, Chairman of the Governance Board of ISX. --- Ends/Anas ...

Muscat, 10 May (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (19.6) points, comprising a decline by (0.47%) to close at (‪‪‪‪4154.72) points, compared to the last session, which stood at (‪‪‪‪‪‪4174.30) points. The trading value today stood at (RO 2,571,207), comprising a surge by (28.4%), compared to the last session, which stood at (RO 2,002,342). The report released by MSX pointed out that the market value went down by (0.129%) to reach about (RO 22.24) billion. The report added that the value of shares bought by non-Omani investors ...

Muscat, 10 May (ONA) --- A tender of Government Treasury Bills, issue number 559, worth RO 129 million was issued this week. 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 repurchase facilities (Repo). The results of the said issue are as follows: The total value of the allotted Treasury bills amounted ...