News

Muscat, 26 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (12.0) points, comprising a decrease by (0.29%) to close at (‪‪‪‪4167.03) points, compared to the last session, which stood at (‪‪‪‪‪‪4178.99) points. The trading value today stood at (RO 4,765,878), comprising a surge by (82.0%), compared to the last session, which stood at (RO 2,618,957). The report released by MSX pointed out that the market value went down by (0.098%) to reach about (RO 22.31) billion. The report added that the value of shares bought by ...

Muscat, Jan 26 (ONA) --- The Sultanate of Oman, represented by the Ministry of Agriculture, Fisheries and Water Resources, today hosted an annual meeting on technical coordination about a project to develop sustainable date palm production systems in Arab Gulf Cooperation (GCC) countries. Held in cooperation with the International Center for Agricultural Research in the Dry Areas (ICARDA), the 26-30 Jan meeting was opened by Dr. Saud Hamoud Al Habsi, Minister of Agriculture, Fisheries and Water Resources. Dr. Hamdan Salim Al Wahaibi, Director-General of Agricultural and Livestock ...

Muscat, 26 Jan (ONA)--- The Ministry of Housing and Urban Development announced today that steps are underway to get some integrated service stations working fully along Al Batinah Expressway within the course of this year. The scheduled operation begins with four sites (15,000 sqm to 30,000 sqm) in North Al Batinah Governorate, with two of the sites in the area of Al Hoor in the Wilayat of A’Suwaiq, one in the Wilayat of Saham’s Al Rowdha area and one in the New Liwa area, Wilayat of Liwa. The integrated service sites comprise, each, a fuel filling station, a ...

Muscat, 26 Jan (ONA)--- The Ministry of Housing and Urban Development announced today that steps are underway to get some integrated service stations working fully along Al Batinah Expressway within the course of this year. The scheduled operation begins with four sites (15,000 sqm to 30,000 sqm) in North Al Batinah Governorate, with two of the sites in the area of Al Hoor in the Wilayat of Al Suwaiq, one in the Wilayat of Saham’s Al Rowdha area and one in the New Liwa area, Wilayat of Liwa. The integrated service sites comprise, each, a fuel filling station, a public utility ...

Muscat, 26 Jan (ONA)—International Emerging Technology Company (ETCO) today signed an agreement with the US firm Virgin Orbit to furnish satellite launch platforms in the Sultanate of Oman. The project, to be carried out with support from the Ministry of Transport, Communications and Information Technology, will be one of the unique ventures in the field of space logistics services. The strategic agreement was signed by Abdulaziz Sadiq Al Haj Jaafar, CEO of ETCO, and Stephen Eisele, Vice President of Business and Strategy at Virgin Orbit. The agreement provides for locating ...

Muscat, 26 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 87.30 US Dollars, comprising an increase by 2.02 US Dollars from the price of yesterday (Tuesday), which was 85.28 US Dollars. The average price of Oman oil (January Delivery 2022) has stabilized at 80.26 US Dollars, thus 1.32 US Dollar per barrel lower than December Delivery 2021. --- Ends/AG ...

Salalah, 25 Jan (ONA) --- Since the end of December 2021, Al Morooj Dairy Company began to receive cow milk at three centres that the firm set up and started to operate. The centres are known as Zeik Centre at Daisam Bar-al Madhi, Niyabat Ghadou Centre and Niyabat Hajeif Centre, all in the Wilayat of Salalah, Governorate of Dhofar.On a daily average, the company collects 6,000 litres of cow milk. Next month, the company will launch a camel milk collection and distribution network averaging 12,000 litres a day under “Watani” trademark.Al Morooj Dairy project is a venture of Oman ...

Muscat, 25 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (23.2) points, comprising a decrease by (0.55%) to close at (‪‪‪‪4178.99) points, compared to the last session, which stood at (‪‪‪‪‪‪4202.15) points. The trading value today stood at (RO 2,618,957), comprising a drop by (13.04%), compared to the last session, which stood at (RO 3,011,599). The report released by MSX pointed out that the market value went down by (0.093%) to reach about (RO 22.33) billion. The report added that the value of shares bought by non-Omani investors ...

Muscat, 25 Jan (ONA) --- A tender of Government Treasury Bills, issue number 159, worth RO 125 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 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 bills ...

Muscat, 25 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 85.28 US Dollars, comprising a decrease by 1.66 US Dollar from the price of yesterday (Monday), which was 86.94 US Dollars. The average price of Oman oil (January Delivery 2022) has stabilized at 80.26 US Dollars, thus 1.32 US Dollar per barrel lower than December Delivery 2021. --- Ends/AG ...

Ibri, 24 Jan (ONA) --- Ibri Solar Project, the largest renewable energy facility of its kind in the Sultanate of Oman, was opened at a ceremony held in the Wilayat of Ibri, Governorate of A’Dhahirah. The 500 megawatt utility, which cost RO 155 million, figures among Oman Vision 2040 major projects aimed at optimizing available investment opportunities and protecting natural resources. The ceremony was held under the auspices of Sayyid Hamoud Faisal Al Busaidi, Minister of Interior. The project constitutes an authentic form of partnership between the public and ...

Muscat, 24 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (22.3) points, comprising a decrease by (0.53%) to close at (‪‪‪‪4202.15) points, compared to the last session, which stood at (‪‪‪‪‪‪4224.43) points. The trading value today stood at (RO 3,011,599), comprising a rise by (38.8%), compared to the last session, which stood at (RO 2,169,057). The report released by MSX pointed out that the market value went down by (0.147%) to reach about (RO 22.36) billion. The report added that the value of shares bought by ...

Muscat, 24 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 86.94 US Dollars, comprising an increaseby 1.71US Dollarfrom the price of last (Friday), which was 85.23 US Dollars. The average price of Oman oil (January Delivery 2022) has stabilized at 80.26 US Dollars, thus 1.32 US Dollar per barrel lower than December Delivery 2021. --- Ends/TH/AG ...

Muscat, 23 Jan (ONA) --- The Sultanate of Oman today took part in the 115th extraordinary meeting of the GCC Financial and Economic Cooperation Committee, held in Riyadh, the Kingdom of Saudi Arabia.Oman was represented in the online meeting by Sultan Salim Al Habsi, Minister of Finance.The meeting discussed recommendations on the comprehensive implementation of the GCC common market. It also discussed the outcomes of the GCC Customs Union Authority, which was held on 9 January 2022, among other topics.--- Ends/AG/AH ...

Muscat, 23 Jan (ONA) --- The GCC Financial and Economic Cooperation Committee held today its 115th extraordinary meeting in Riyadh, the Kingdom of Saudi Arabia.The online meeting discussed recommendations on the comprehensive implementation of the GCC common market. It also discussed the outcomes of the GCC Customs Union Authority, which was held on 9 January 2022, among other topics.--- Ends/AG/AH ...

Muscat, 23 Jan (ONA) --- The Sultanate of Oman, represented by the Ministry of Transport, Communications and Information Technology took part today in the extraordinary meeting of the GCC Ministers of Transport Committee.Oman was represented in the online meeting by Eng. Said Hamoud Al Ma’awali, Minister of Transport, Communications and Information Technology.The extraordinary meeting was held to implement the decision of the GCC Supreme Council in its 42nd session to establish the GCC Railway Authority.The meeting approved the foundation stage of the GCC Railway Authority and its temporary ...

Muscat, 23 Jan (ONA) --- Dr. Saleh Said Masn, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry received here today Lawrence Karanja, Chief Administrative Secretary in the Ministry of Industrialization, Trade and Enterprise Development of Kenya.The meeting reviewed aspects of trade and economic cooperation. It also discussed means of augmenting trade exchange between the two countries, in addition to highlighting the investment environment and opportunities between the two sides.The meeting was attended by Mohammed Yaqoub Dori, Ambassador ...

Muscat, 23 Jan (ONA) —— The Public Establishment for Industrial Estates – Madayn today officially launched its Industrial Innovation Academy in the Knowledge Oasis Muscat under the patronage of Dr. Khamis Saif Al Jabri, Chairman of Oman Vision 2040 Implementation Follow-Up Unit.The launching ceremony was attended by Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, Chairman of Madayn's Board of Directors; and Asila Salim Al Samsami, Undersecretary of Investment Promotion at the Ministry of Commerce, Industry ...

Muscat, 23 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (11.4) points, comprising a decline by (0.27%) to close at (‪‪‪‪4224.43) points, compared to the last session, which stood at (‪‪‪‪‪‪4235.83) points. The trading value today stood at (RO 2,169,057), comprising a drop by (58.2%), compared to the last session, which stood at (RO 5,186,633). The report released by MSX pointed out that the market value went down by (0.067%) to reach about (RO 22.39) billion. The report added that the value of shares bought by ...

Muscat, 23 Jan (ONA)—Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, today issued a regulation on financing small and medium enterprises (SMEs) and artisans. Promulgated under Decision No. 19/2022, the regulation reflects the extensive efforts made to furnish a suitable environment for the growth and development of businesses. The regulation’s 23 articles determine the roles of the two overarching bodies, namely the Authority for Small and Medium Enterprises Development (ASMED) and Oman Development Bank (ODB). It also sets out the terms and ...

Muscat, 22 Jan (ONA) —— Dr. Margarete Schrambock, Federal Minister for Digital and Economic Affairs in Austria expressed her admiration over Oman Vision 2040 and its pillars, which reflect keenness of the Omani government on making the future more brighter for the Omani citizens. In an interview with Oman News Agency (ONA) and Oman TV, she said that the four main pillars of Oman Visions 2040, “People and Society,” “Economy and Development,” “Governance and Institutional Performance” and “Environment Sustainability”, constitute a comprehensive roadmap for the future. She ...

Zanzibar, 20 Jan (ONA)—Oman Investment Authority (OIA) today signed a memorandum of understanding (MoU) with the Government of Zanzibar to study the feasibility of Malindi Tourist Port’s restoration and operation. The pact also deals with the development of the seafront of Malindi Port and the transfer of commercial activities from the current port of Mangapwani as part of efforts to diversify the international investment portfolio and benefit from the strategic location of the new port. The MoU provides for OIA’s conducting a study for the layout of ...

Muscat, 20 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (3.2) points, comprising a decrease by (0.08%) to close at (‪‪‪‪4235.83) points, compared to the last session, which stood at (‪‪‪‪‪‪4239.04) points. The trading value today stood at (RO 5,186,633), comprising a rise by (53.1%), compared to the last session, which stood at (RO 3,388,209). The report released by MSX pointed out that the market value went down by (0.042%) to reach about (RO 22.40) billion. The report added that the value of shares bought by ...

Muscat, 20 Jan (ONA) --- Eng. Said Hamoud Al Ma’awali, Minister of Transport, Communications and Information Technology received here today Dr. Margarete Schrambock, Federal Minister for Digital and Economic Affairs in Austria. The two sides reviewed areas of cooperation in communications and information technology, as well as ways of enhancing them to serve joint interests. The meeting was attended by Dr. Ali Amer Al Shidhani, the Ministry’s Undersecretary for Communications and Information Technology and some officials from the ministry. --- ...

Muscat, 20 Jan (ONA)—The Authority for Small and Medium Enterprises Development (ASMED) today signed a memorandum of understanding (MoU) with Oman Oil Market Company (OOMCO) for the setting up of 20 retail marketing outlets to support small and medium enterprises. The MoU was signed by Abdulaziz Saud Al Raisi, Vice Chairman of ASMED, and Hussain Jama Bait Is’haq, Acting CEO of OOMCO. The MoU enables Riyada Card holders to submit requests for the management and operation of Ahlain fast shopping outlets around the Sultanate of Oman. Entrepreneurs who meet the conditions will ...

Muscat, 20 Jan (ONA) --- An Omani delegation headed by the Capital Market Authority (CMA), representing the capital market institutions in the Sultanate of Oman visited the Kingdom of Saudi Arabia (KSA) to acquaint with the Saudi experience in global indices and enhancing governance. The delegation was headed by Abdullah Salim Al Salmi, CMA Executive President. During the visit, the delegation met with Mohammed Abdullah Elkuwaize, Chairman of the Saudi Capital Market Authority. The visit comes within the joint cooperation aimed at exchanging expertise and ...

Muscat, 20 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 86.38 US Dollars, comprising a decrease by 9 cents from the price of yesterday (Wednesday), which was 86.47 US Dollars. The average price of Oman oil (January Delivery 2022) has stabilized at 80.26 US Dollars, thus 1.32 US Dollar per barrel lower than December Delivery 2021. --- Ends/AG ...

Muscat, 19 Jan (ONA)—A meeting on activating social dialogue was held at the Labour Ministry today by a tripartite committee comprising the Ministry of Labour, Oman Chamber of Commerce and Industry and the General Federation of Oman Workers.The meeting was held under the chairmanship of Dr. Mahad Said Ba’awain, Minister of Labour.A visual presentation featuring the process of future action was screened during the meeting setting goals for social dialogue in the Sultanate of Oman. The main themes include increasing productivity, enhancing competition, achieving balance and harmony between ...

Muscat, 19 Jan (ONA) --- Oman Data Park organized a workshop today to highlight the readiness of Oman’s infrastructure for Artificial Intelligence (AI). The workshop reviewed the ministries’ AI roadmaps, cybersecurity solutions and the framework of planning AI projects. The event, which saw the participation of 30 government units, discussed the technical support provided by Nebula AI through Oman Data Park, which is powered by Nvidia and hosted in Oman, among other topics. Eng. Maqbool Al Wahaibi, CEO of Oman Data Park said that the workshop contributes ...

Muscat, 19 Jan (ONA) ---- As part of the efforts focused on relocating the fruit and vegetable storage and wholesale activities from Al-Mawaleh Central Market in the Wilayat of A'Seeb to Khazaen Central Market in Khazaen Economic City in the Wilayat of Barka, the project finacing agreements were signed, and its financial closure was completed. The first agreement concerned the shareholders’ capital subscription while the second was the bank financing agreement with Sohar Islamic Bank signed under the patronage of Eng. Issam Saud Al Zadjali, Chairman of Muscat Municipality, ...