News

Muscat, 27 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (38.98) points, comprising an increase by (0.97%) to close at (‪‪‪‪4049,73) points, compared to the last session, which stood at (‪‪‪‪‪‪4010,76) points.The trading value today stood at (RO 4,430,289), comprising a rise by (22.18%), compared to the last session, which stood at (RO 3,625,903).The report released by MSX pointed out that the market value went up by (0.251%) to reach about (RO 22.07) billion.The report added that the value of shares bought by non-Omani investors reached ...

Muscat, 27 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 83.36 US Dollars, comprising a decline by 67 cents from the price of yesterday (Tuesday), which was 84.03 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 higher than September delivery 2021. --- Ends/TH/AG ...

Muscat, 26 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (0.9) point, comprising a decline by (0.02%) to close at (4010.76‪‪) points, compared to the last session, which stood at (‪‪‪‪4011.69) points.The trading value today stood at (RO 3,625,903) comprising an increase by (32.97%), compared to the last session, which stood at (RO 2,726,907).The report released by MSX pointed out that the market value declined by (0.090%) to reach about (RO 22.01) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Muscat, 26 Oct (ONA) --- A tender of Government Treasury Bills, issue number 157, worth RO 60.4 million was announced 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 theadded 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 ...

Muscat, 26 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 84.03 US Dollars, comprising a decrease by 23 Cents from the price of yesterday (Monday), which stood at 84.26 US Dollars. The average price of Oman oil (October Delivery 2021) has stabilized at 69.38 US Dollars, thus 3.35 USDollars per barrel lower than September Delivery 2021.---Ends/TH/AG ...

Muscat, 25 Oct (ONA) --- Oman's total electricity production increased by 7.6% by the end of August 2021 to reach 28,281.2 GW per hour, compared to the same period in 2020, when the total production was 26,283.9 GW per hour.Meanwhile, water production by the end of July 2021 stood at 279,670,000 cubic meters, a rise by 3.1%, compared to the same period in the previous year, according to statistics released by the National Centre for Statistics and Information (NCSI).The total electricity production in the governorates of North and South Al Batinah and A'Dhahirah reached ...

Muscat, 25 Oct (ONA) --- The Central Bank of Oman (CBO) today released the ninth issue of the Financial Stability Report (FSR). The FSR 2021 states that “The outlook for financial stability has improved with the rollout of vaccines and gradual transition to normalcy”. While acknowledging the challenges caused by the COVID-19 pandemic, the report mentions that the policy measures taken by the government and CBO to support businesses and households avoided any major set-back and supported a rapid recovery of the economy. Despite the heightened global ...

Muscat, 25 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (20.6) points, comprising a rise by (0.515%) to close at (4011.69) points, compared to the last session, which stood at (‪‪‪‪3991.12) points.The trading value today stood at (RO 2,726,907), comprising a decline by (34.2%), compared to the last session, which stood at (RO 4,144,413).The report released by MSX pointed out that the market value went up by (0.069%) to reach about (RO 22.03) billion.The report added that the value of shares bought by non-Omani investors reached (RO 180,000), ...

Istanbul, 25 Oct (ONA) --- The Sultanate of Oman, represented by the Ministry of Agriculture, Fisheries and Water Resources took part in the preparatory meeting of senior officials in preparation for the 8th ministerial conference of the Organization of Islamic Cooperation (OIC) on food security and agricultural development. During the meeting, held in Turkey, the ministry was represented by Dr. Ahmed Nasser Al Bakri, Undersecretary for Agriculture. The meeting covered a range of topics, namely the status of agriculture and food security in OIC member countries. It ...

Duqm, 25 Oct (ONA) --- The Special Economic Zone at Duqm (SEZAD) today celebrated the opening of Duqm Hongtong Piping Factory, under the auspices of Eng. Yahya Khamis Al Zedjali, In-Chargeof Managing Operationsof SEZAD.The first-of-its-kind factory in Oman stands as the first project in the Sino-Omani Industrial Park in Duqm. The factory produces non-metallic Reinforced Thermopolyethlene Pipes (RTP), which are mainly used in the oil and gas industries and specifically for the collection and transfer of hydrocarbon fluids through the piping networks.At the initial stage, the factory’s ...

Muscat, 25 Oct (ONA) --- Oman Air, the national carrier of the Sultanate of Oman, will resume flights between Muscat and Paris from 31 October 2021.Three weekly flightswill be operated on Wednesdays, Fridays and Sundays. The flights will depart Muscat at 14:45 local time and arrive in Paris at 19:25 local time. Flights from Paris will depart at 21:10 local time and arrive in Muscat at 07:10 local time on Mondays, Thursdays and Saturdays. All flights are scheduled to operate with Boeing 787 Dreamliner. Oman Air will maintain its comprehensive safety program throughout all ...

Muscat, 25 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 84.26 US Dollars, comprising an increase by 1.51 US Dollar from the price of last (Friday), which was 82.75 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/MS ...

Muscat, 24 Oct (ONA) --- The inflation rate in the Sultanate of Oman increased by 2.46% in September 2021 compared to September 2020. However, the inflation rate decreased by 0.06% compared to August 2021, according to data from the National Centre for Statistics and Information (NCSI) on Consumer Price Index (CPI).The rise of prices in September 2021 compared to the same month of 2020 is attributed to the increase of prices in main groups, such as the transportation group by 8.19%, miscellaneous good and services by 3.33%, tobacco by 2.98%, recreation and culture by 2.05%, food ...

Muscat, 24 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today added (6.4) points, comprising an increase by (0.161%) to close at (‪‪3991.12) points, compared to the last session, which stood at (‪‪‪‪3984.69) points.The trading value today stood at (RO 3,435,497), comprising a rise by (195%), compared to the last session, which stood at (RO 1,404,936).The report released by MSX pointed out that the market value rose by (0.084%) to reach about (RO 22.02) billion.The report added that the value of shares bought by non-Omani investors reached (RO 173,000), ...

Haima, 24 Oct (ONA) --- Abdoon Mohammed Al Harsoosi, Director of Commerce, Industry and Investment Promotion in the Governorate of Al Wusta, said that 560 foreign companies were operating in the governorate by the end of September 2021, with their capital investments totally RO 1.3 billion.In a statement to Oman News Agency (ONA), Al Harsoosi said that the governorate seeks to benefit from the Industrial Strategy, which will propel economic growth through economic diversification, notably by activating converting industries, introducing technology and knowledge, developing smart ...

Muscat, 24 Oct (ONA) --- Dr. Said Mohammed Al Saqri, Minister of Economy received in his office here today Amadou Hott, Minister of Economy, Planning and International Cooperation of Senegal.The two sides discussed prospects for boosting joint economic cooperation and means of promoting bilateral relations to serve the common interests between the two countries.On his turn, the Minister of Economy, Planning and International Cooperation of Senegal affirmed his country's interest in supporting joint cooperation between the two sides, which would contribute to enhancing the economic ...

Muscat, 21 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today added (3.3) points, comprising an increase by (0.083%) to close at (‪‪3984.69) points, compared to the last session, which stood at (‪‪‪‪3981.39) points.The trading value today stood at (RO 1,404,936), comprising a decline by (37.2%), compared to the last session, which stood at (RO 2,237,415).The report released by MSX pointed out that the market value fell by (0.407%) to reach about (RO 22) billion.The report added that the value of shares bought by non-Omani investors reached (RO 482,000), ...

Muscat, 21 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 83.21 US Dollars, comprising an increase by 58 cents from the price yesterday (Wednesday), which was 82.63 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/MS/KH ...

Manama, 20 Oct (ONA) --- Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion met with Zayed Rashid Al Zayani, Minister of Industry, Commerce and Tourism. The meeting was attended by Dr. Mohammed Ali Al Balushi, Chargé d’affaires of the Sultanate of Oman’s Embassy to the Kingdom of Bahrain. The meeting came on the sidelines of the GCC Trade and Industry Ministers' meetings being held in Manama. The two sides reviewed the fraternal, deep-rooted bilateral relations. They also discussed a range of matters related to meetings of ...

Muscat, 20 Oct (ONA) --- Dr. Ali Mas'oud Al Sunaidi, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ) received in his office today Nikolaos Georgios Dendias, Minister of Foreign Affairs of the Republic of Greece. The two sides explored fields of the joint cooperation between them. Al Sunaidi explained to the Greek side the available potentials at investment environment in the Special Economic Zone in Duqm (SEZAD) and the free zones in Sohar, Salalah and Al Mazyounah, as well as the incentives offered to investors. OPAZ Chairman also ...

Muscat, 20 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today added (11.8) points, comprising an increase by (0.298%) to close at (‪‪3981.39) points, compared to the last session, which stood at (‪‪‪‪3969.54) points. The trading value today stood at (RO 2,237,415), comprising a decline by (15.2%), compared to the last session, which stood at (RO 2,639,520). The report released by MSX pointed out that the market value rose by (0.052%) to reach about (RO 20.09) billion. The report added that the value of shares bought by non-Omani investors ...

Duqm, 20 Oct (ONA) --- The Special Economic Zone at Duqm (SEZAD) today announced receiving the multi-purpose Fishing Port in Duqm from the main contractor. Accordingly, SEZAD handed over the Port to the consortium, led by the companies of Oman Investment Authority (OIA), represented by Oman Fisheries Development Company (FDO) and Oman Food Investment Company. The consortium also includes the French Lorient Port Company. Eng. Yahya Khamis Al Zedjali, In Charge of Managing the Operations of the Special Economic Zone at Duqm, pointed out that that all the construction ...

Muscat, 20 Oct (ONA) --- The Council of Ministers has approved the national Digital Economy Programme (DEP), which will be endorsed by the Sultanate of Oman as one the goals to build a vibrant economy. The DEP envisages a set of medium-term and long-term approaches aligned with Oman Vision 2040. Its salient features include creating national industries based on the digital economy, fostering the in-country value (ICV), establishing strategic partnership with the private sector and empowering economic sectors of the 10thFive Year Plan. Eng. Said Hamoud Al Maawali, ...

Muscat, 20 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 82.63 US Dollars, comprising a decline by 43 cents from the price yesterday (Tuesday), which was 83.06 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/MS/KH ...

Muscat, 20 Oct (ONA) --- A tender of Government Treasury Bills, issue number 548, worth RO 54 million was announced 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 ...

Muscat, 18 Oct (ONA) --- Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion met here today with Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology in the United Arab Emirates (UAE). The meeting discussed means of promoting industrial cooperation between the two brotherly countries. It also reviewed ways to enhance cooperation in strategic industries and investment opportunities in the industrial sector. Meanwhile, a meeting was held on the sidelines of the Emirati delegation’s visit between representatives ...

Al Buraimi, 18 Oct (ONA)--- Oman Chamber of Commerce and Industry (OCCI), branch of Al Buraimi held a joint meeting today between officials from the government, private sectors and the economic team in charge for preparing a study to identify the economic and investment opportunities in the Governorate of Al Buraimi. The meeting was chaired by Dr. Ashraf Mushref, Chairman of the OCCI Chair for the Economic Studies at the Sultan Qaboos University (SQU). The meeting reviewed the main objectives of the study, which include identifying economic and investment opportunities of the promising ...

Muscat, 18 Oct (ONA) --- The total number of Small and Medium Enterprises (SMEs) registered in the Authority for Small and Medium Enterprises Development (ASMED) till the end of August 2021 stood at 56,687, compared to 45,706 in August 2020, constituting an increase by 24%, according to the data released by the National Centre for Statistics and information (NCSI). Among the governorates, the Governorate of Muscat topped the list, marking an increase by 25.2% compared to the same period in 2020 to reach 19,187 followed by the Governorate of North Al Batinah with a rise by ...

      Muscat, 18 Oct (ONA) --- Oman oil price (December Delivery 2021) today reached 83.95 US Dollars, comprising an increase by 85 cents from the price of last (Friday), which was 83.10 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, 17 Oct (ONA) --- The Omani-Lebanese Business Forum, organized by Oman Chamber of Commerce and Industry (OCCI) today, explored the available opportunities to promote investment and trade exchange between the Sultanate of Oman and Lebanon.    It also discussed the best ways to build and enhance partnerships between the Omani and Lebanese businesspeople.    The forum, which was held on the sidelines of an official visit by a Lebanese business delegation to Oman, started with a speech given ...