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MSX Declines 6 Points

MSX Declines 6 PointsMuscat, 4 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (6.1) points, comprising a decline by (0.13%) to close at (4582.43) points, compared to the last session, which stood at (4588.55) points.The trading value today stood at (RO 2,099,444), comprising a drop by (11.8%), compared to the last session, which stood at (RO 2,381,291).The report released by MSX pointed out that the market value went down by (0.050%) to reach about (RO 23.21) billion.The report added that the value of shares bought by non-Omani investors reached (RO 75,000), ...

Over 32K International Flights Through Muscat, Salalah, Sohar Airports till July 2022

Over 32K International Flights Through Muscat, Salalah, Sohar Airports till July 2022 Muscat, 4 Oct (ONA) --- The total number of international (inbound and outbound) flights at the airports of the Sultanate of Oman (Muscat, Salalah and Sohar) by the end of July 2022 surged by 142.1% to reach 32,608 flights compared to the corresponding period in 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI). The total number of passengers travelling through Oman’s airports increased considerably by 187%. Inbound, outbound and transit ...

MoU Signed to Explore Linking E-Payment Services between Oman, India

MoU Signed to Explore Linking E-Payment Services between Oman, India Muscat, 4 Oct (ONA) ---- Within the framework of commercial and economic cooperation between the Sultanate of Oman and the Republic of India, the Central Bank of Oman (CBO) signed a Memorandum of Understanding (MoU) today with the National Payments Cooperation of India (NPCI) to study the possibility of linking some payment systems between the two countries. The MoU was signed by Tahir Salim Al Amri, CBO’s Executive President and Ritesh Shukla, CEO of International Payments Limited, a subsidiary of ...

Tender Results of Government Treasury Bills Worth RO 9 Million Issued

Tender Results of Government Treasury Bills Worth RO 9 Million Issued Muscat, 4 Oct (ONA) ---- A tender of Government Treasury Bills, issue number 567, worth RO 9 Million was issued this week.The results of the said issue are as follows: The total value of the allotted Treasury bills amounted to RO 9 million, for a maturity period of 91 days, from 5 October 2022 until 4 January 2023.The average accepted price reached RO 99.266 for every RO 100, and the minimum accepted price arrived at RO 99.260 per RO 100.The average discount rate and the average yield reached 2.94585% and ...

Oman Oil Price Rises 61 Cents

Oman Oil Price Rises 61 Cents Muscat, 4 Oct (ONA) --- Oman oil price (December Delivery 2022) today reached 88.82 US Dollars, comprising a rise by 61 cent from the price of yesterday (Monday) which stood at 88.21 US Dollars. The average price of Oman oil (October Delivery 2022) has stabilized at 97 US Dollars per barrel, thus 6.21 US Dollars per barrel lower than September Delivery 2022. --- Ends/Thuraiya/AH ...

Jordanian Monarch’s Visit to Boost Cooperation Across Different Sectors: Commerce Minister

Jordanian Monarch’s Visit to Boost Cooperation Across Different Sectors: Commerce MinisterMuscat, 3 Oct (ONA) --- Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, expressed his hope that the forthcoming visit of King Abdullah II Ibn Al Hussein of the Hashemite Kingdom of Jordan, to the Sultanate of Oman, starting tomorrow (Tuesday) will contribute to commercial exchange, investment and cooperation in different fields.In a statement to Oman News Agency, Al Yousef said that Oman-Jordan relations are accorded special attention by His Majesty Sultan ...

Economic Relations on Track of Continuous Growth: Jordanian Businesspeople

Economic Relations on Track of Continuous Growth: Jordanian BusinesspeopleAmman, 3 Oct (ONA) --- Several Jordanian officials and businesspersons expressed their optimism about the upcoming official visit of King Abdullah II Ibn Al Hussein of the Hashemite Kingdom of Jordan to the Sultanate of Oman and his meeting with His Majesty Sultan Haitham bin Tarik. They said the visit would contribute to forming cooperation in various fields, especially in the private sector. They told Oman News Agency (ONA) that trade and investment relations between the two countries is witnessing ...

Jordanian King’s Visit to Oman to Open Vistas of Development for Private Sector: Omani Business People

Jordanian King’s Visit to Oman to Open Vistas of Development for Private Sector: Omani Business People   Muscat, 3 Oct (ONA) --- Several Omani officials and business people confirmed that the official visit of King Abdullah II Ibn Al Hussein of the Hashemite Kingdom of Jordan, to the Sultanate of Oman tomorrow (Tuesday) will open vistas of development for the private sector in the two countries in many economic fields. The visit, they affirmed, boosts the possibility of striking commercial partnerships and investments, which contribute to raising the volume of trade ...

MSX Gains 15 Points

MSX Gains 15 PointsMuscat, 3 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (15.7) points, comprising a rise by (0.34%) to close at (4588.55) points, compared to the last session, which stood at (4572.82) points.The trading value today stood at (RO 2,381,291), comprising a drop by (26.3%), compared to the last session, which stood at (RO 3,230,516).The report released by MSX pointed out that the market value went up by (0.033%) to reach about (RO 23.22) billion.The report added that the value of shares bought by non-Omani investors reached (RO 280,000), ...

Operations of Integrated Power and Water Plant in SEZAD Commence

Operations of Integrated Power and Water Plant in SEZAD Commence Duqm, 3 Oct (ONA) ---- The CentralizedUtilitiesCompany (Marafiq), a joint venture - owned by OQ, a subsidiary of the Oman Investment Authority (OIA) and Gulf Energy Development Corporation of Thailand, announced the partial commissioning of the Integrated Power and Water Plant in the Special Economic Zone at Duqm (SEZAD) to provide electricity and desalinated water for Duqm Refinery (OQ 8) and Oman Tank Terminal Company "OTTCO". This outstanding achievement comes in line with the Company’s efforts to develop ...

CBO Participates in Gulf Payments Company Board Meeting

CBO Participates in Gulf Payments Company Board Meeting Riyadh, 3 Oct (ONA) --- The Gulf Payments Company (GPC) Board of Directors held its 11th meeting today in Riyadh, the Kingdom of Saudi Arabia (KSA). The meeting was attended by Tahir Salim Al Amri, the Executive President of the Central Bank of Oman (CBO), Gulf Payments Company Deputy Director. The meeting discussed the agenda items, the decision-implementation follow-up report, update of the articles of association of the Gulf Payments Company and the activities of the Auditing and Review Committee. The meeting ...

OQ Gas Network, Gulf Petrochemicals Services Sign Agreement for Maintenance and Engineering Service

OQ Gas Network, Gulf Petrochemicals Services Sign Agreement for Maintenance and Engineering Service     Muscat, 3 Oct (ONA) ---- OQ’s Gas Network (OQGN) –One of OQ’s Assets- signed an agreement with Gulf Petrochemicals Services (GPS) for a maintenance and engineering service contract.   As part of this agreement, GPS will provide the entire gamut of day-to-day maintenance portfolio related to OQ’s Gas Network (OQGN) assets across the Sultanate of Oman.     Speaking on the occasion, Mansoor Al Abdali, Managing ...

Oman Oil Price Rises 90 Cents

Oman Oil Price Rises 90 CentsMuscat, 3 Oct (ONA) --- Oman oil price (December Delivery 2022) today reached 88.21 US Dollars, comprising a rise by 90 cents.The average price of Oman oil (October Delivery 2022) has stabilized at 97 US Dollars per barrel, thus 6.21 US Dollars per barrel lower than September Delivery 2022. --- Ends/Thuraiya/Anas ...

Oman Rail, Etihad Rail Joint Venture Board Discusses Technical Studies, Architectural Designs

Oman Rail, Etihad Rail Joint Venture Board Discusses Technical Studies, Architectural Designs Dubai, 2 Oct (ONA) --- The joint venture’s Board of Directors of Oman Rail and Etihad Rail held its first meeting here today. The inaugural meeting is held only two days after the signing ceremony of the joint venture agreement which took place during the visit of Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates (UAE) to the Sultanate of Oman. The Board of Directors comprises Eng. Said Hamoud Al Ma’awali, Minister of Transport, Communications, and ...

MSX Gains 44 Points

MSX Gains 44 Points Muscat, 2 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (44.5) points, comprising a rise by (0.98%) to close at (4572.82) points, compared to the last session, which stood at (4528.34) points. The trading value today stood at (RO 3,230,516), comprising a rise by (1.9%), compared to the last session, which stood at (RO 3,170,865). The report released by MSX pointed out that the market value went up by (0.401%) to reach about (RO 23.22) billion. The report added that the value of shares bought by non-Omani investors reached ...

Hotel Revenues in Oman Exceed RO 108m by August 2022

Hotel Revenues in Oman Exceed RO 108m by August 2022 Muscat, 2 Oct (ONA) --- The revenue of (3-5) star hotels in the Sultanate of Oman by the end of August 2022 recorded a surge by 106.9% to stand at RO 108.334 million compared to the same period in 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI). The number of guests in the (3-5) star hotels increased by 34.2% till the end of August 2022. Occupancy rate in those hotels went up by 22.4% by the end of August 2022 to stand at 42.5% compared to 34.7% during the same period in ...

Oman, KSA Review Products Safety System

Oman, KSA Review Products Safety System Muscat, 29 Sep (ONA) --- Dr. Saleh Said Masn, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry received in his office today Eng. Saud Al Askar, Deputy Governor of the Saudi Standards, Metrology and Quality Organization (SASO). The two sides reviewed bilateral relations and cooperation between the two countries in areas of business, industry, standards and metrology. They also discussed several matters of common interest. The two sides touched on products safety system between ...

50pc of Rusayl-Bidbid Road Expansion Project Completed

50pc of Rusayl-Bidbid Road Expansion Project CompletedMuscat, 29 Sep (ONA) --- Eng. Khamis Mohammed Al Shammakhi, Undersecretary of the Ministry of Transport, Communications and Information Technology for Transport, has said that about 50 percent of the expansion project of the Rusayl - Bidbid road has been completed.He added that the ministry is seeking ways to open part of the road during November 2022, with plans in place to get the road fully functional by the third quarter of next year (2023).Speaking about the withdrawal of tender for A’Sharqiyah Expressway project and ...

German Inflation Hits Record 10% in September

German Inflation Hits Record 10% in SeptemberBerlin, 29 Sep (ONA) —— The inflation rate in Germany hit a record 10% in September, according to an official first estimate.In August the rate was 7.9%, but prices have continued to rise fast mainly due to an increase in energy costs as a consequence of the war in Ukraine.Energy prices were 43.9% higher in September 2022 than in September 2021, according to the data from the Federal Statistical Office. There was also an above average rise in food prices by 18.7% compared to the same month of last year.The end of two state subsidies - a fuel ...

MSX Gains 42 Points

MSX Gains 42 PointsMuscat, 29 Sep (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (42) points, comprising a rise by (0.94%) to close at (4528.34) points, compared to the last session, which stood at (4486.31) points.The trading value today stood at (RO 3,170,865), comprising a drop by (7.9%), compared to the last session, which stood at (RO 3,441,716).The report released by MSX pointed out that the market value went dawn by (0.252%) to reach about (RO 23.12) billion.The report added that the value of shares bought by non-Omani investors reached (RO 384,000), ...

Oman Launches “Rafid”—the National Programme for Capacity Building in Urban Planning

Oman Launches “Rafid”—the National Programme for Capacity Building in Urban Planning Muscat, 29 Sep (ONA) — “Rafid”, the National Programme for Capacity Building in Urban Planning was launched here today with the overall objective of empowering Omani youth and grooming urban planning leaders capable of implementing the Urban Transformation Strategy, a pillar of Oman 2040 Vision. The ceremony was held under the auspices of HH Sayyid Bilarab bin Haitham bin Tarik Al Said, and attended by Dr. Khalfan bin Said Al Shuaili, Minister of Housing and Urban Planning, ...

PDO Inks Six Memoranda Worth USD 2.2 Million

PDO Inks Six Memoranda Worth USD 2.2 Million Muscat, 29 Sep (ONA) --- Petroleum Development Oman (PDO) signed six Memorandums of Cooperation (MoC) to support a host of new projects worth USD 2.2 million within its Social Investment programme. The new project will benefit local communities and boost sustainable development across the Sultanate of Oman. The signing ceremony was held under the patronage of Dr. Hilal Ali Al Sabti, Minister of Health. The initiatives include key areas in the fields of health, safety and the environment (HSE), community infrastructure ...

Oman Oil Price Rises 4.42 US Dollars

Oman Oil Price Rises 4.42 US DollarsMuscat, 29 Sep (ONA) --- Oman oil price (November Delivery 2022) today reached 88.13 US Dollars, comprising a rise by 4.42 US Dollars from the price of yesterday (Wednesday) which stood at 83.71 US Dollars.The average price of Oman oil (September Delivery 2022) has stabilized at 103.21 US Dollars per barrel, thus 9.72 US Dollars per barrel lower than August Delivery 2022. --- Ends/Thuraiya/Anas ...

Oman’s ITHCA, ADQ Establish Joint Investment Fund

Oman’s ITHCA, ADQ Establish Joint Investment Fund Muscat, 28 Sep (ONA) --- Within the context of the state visit to Oman by Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates (UAE), ITHCA Group, today signed a memorandum of understanding (MoU) with Abu Dhabi Developmental Holding Company (ADQ). The MoU was inked by Atif Said Al Seyabi, Vice President of ITHCA, and Mohammed Hassan Al Suwaidi, CEO of ADQ. The MoU provides for the establishment of a RO 60 million fund to invest in nascent modern technologies in Oman. ---Ends/Bisahra/Anas ...

Oman Production of Crude Oil, Condensates Rises 10.3pc by August 2022

Oman Production of Crude Oil, Condensates Rises 10.3pc by August 2022 Muscat, 28 Sep (ONA) --- The Sultanate of Oman’s production of crude oil and condensates recorded an increase by 10.3% till the end of August 2022 to reach 257,034,700 barrels, according to the latest data issued by the National Centre for Statistics and Information (NCSI). Separately, Crude oil production saw a rise by 13.9% till the end of August 2022, while condensates production declined by 1.7%. The total average price for crude Oman oil recorded a surge by 40.4% till the end of August 2022 to ...

MSX Declines 7 Points

MSX Declines 7 PointsMuscat, 28 Sep (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (7.2) points, comprising a decline by (0.16%) to close at (4486.31) points, compared to the last session, which stood at (4493.54) points.The trading value today stood at (RO 3,441,716), comprising a rise by (0.2%), compared to the last session, which stood at (RO 3,434,122).The report released by MSX pointed out that the market value went down by (0.009%) to reach about (RO 23.18) billion.The report added that the value of shares bought by non-Omani investors reached ...

Agreements Worth More Than RO 5bn Signed by Oman Investment Authority, Emirates Holding

Agreements Worth More Than RO 5bn Signed by Oman Investment Authority, Emirates HoldingMuscat, 28 Sep (ONA) —- Oman Investment Authority (OIA) and a number of United Arab Emirates (UAE) firms held talks during which they discussed a raft of investment opportunities in different sectors. The two sides discussed investment opportunities covering diverse sectors. The outcome was that agreements and memoranda of understanding were concluded.This took place within the context of the state visit of Sheikh Mohammed bin Zayed Al Nahyan, UAE President to the Sultanate of Oman.Oman Investment ...

Oman, UAE Sign Agreements to Set Up, Operate Railway Network

Oman, UAE Sign Agreements to Set Up, Operate Railway Network Muscat, 28 Sep (ONA) --- To the tune of $3 billion (RO 1.160 billion), Oman Rail—developer and operator of the national railway network in Oman—and Etihad Rail, developer and operator of the national railway network in the United Arab Emirates (UAE), signed an agreement to establish “Oman and Al-Ittihad Company”, owned 50-50 by the two sides, to design and operate a railway network connecting Sohar Port and UAE National Railway Network. The pact was inked within the context of the state visit of Sheikh Mohammed ...

Oman Oil Price Declines 53 Cents

Oman Oil Price Declines 53 Cents Muscat, 28 Sep (ONA) --- Oman oil price (November Delivery 2022) today reached 83.71 US Dollars, comprising a drop by 53 cents from the price of yesterday (Tuesday) which stood at 84.24 US Dollars. The average price of Oman oil (September Delivery 2022) has stabilized at 103.21 US Dollars per barrel, thus 9.72 US Dollars per barrel lower than August Delivery 2022. ---Ends/Anas ...

MSX Gains 35 Points

MSX Gains 35 PointsMuscat, 27 Sep (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (35.8) points, comprising a rise by (0.80%) to close at (4493.54) points, compared to the last session, which stood at (4457.71) points.The trading value today stood at (RO 3,434,122), comprising a drop by (15.4%), compared to the last session, which stood at (RO 4,060,783).The report released by MSX pointed out that the market value went up by (0.248%) to reach about (RO 23.18) billion.The report added that the value of shares bought by non-Omani investors reached (RO 264,000), ...