News

Muscat, 19 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (22.2) point, comprising an increase by (0.53%) to close at (‪‪‪‪4239.04) points, compared to the last session, which stood at (‪‪‪‪‪‪4216.82) points. The trading value today stood at (RO 3,388,209), comprising a rise by (13.6%), compared to the last session, which stood at (RO 2,982,251). The report released by MSX pointed out that the market value went up by (0.112%) to reach about (RO 22.41) billion. The report added that the value of shares bought by non-Omani ...

Muscat, 19 Jan (OAN) ---- The Sultanate of Oman will host on 13 February the 8th edition of Global HSE conference and exhibition under the theme "Excellence in HSE- leadership, sustainability, technology". The host reflects Oman's continuous support owards achieving the desired goals and objectives of Global HSE concerns and best practices. This came during a press conference held here today in the presence of representatives from the Ministry of Energy and Minerals, Petroleum Development Oman, in addition to a number of participants companies and ...

Muscat, 19 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 86.47 US Dollars, comprising a decrease by 23 cents from the price of yesterday (Tuesday), which was 86.70 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, 18 Jan (ONA) --- Oman Chamber of Commerce and Industry (OCCI) organized B2B meetings between businesspeople from Oman and Iran in the food security, agriculture, construction and contracting sectors. The meeting comes within the visit of Iran’s trade delegation, which aims to enhance trade and investment cooperation between the two countries in promising sectors. Eng. Ridha Juma Al Saleh, Chairman of OCCI stressed the importance of this visit in achieving economic diversification to meet the aspirations of the two countries. The meeting was ...

Muscat, 18 Jan (ONA) --- Asilah Salim Al Samsami, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment reviewed means of enhancing trade and investment cooperation with businesspeople and investors from the Hashemite Kingdom of Jordan. The meeting aimed to increase trade exchange between the two countries. The meeting also touched on the incentives offered by the ministry and the investment opportunities in the industrial field. Presentations were given on the advantages provided for investors by the Public Establishment for ...

Muscat, 18 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (0.1) point, comprising a decline by (0.001%) to close at (‪‪‪‪4216.82) points, compared to the last session, which stood at (‪‪‪‪‪‪4216.88) points. The trading value today stood at (RO 2,982,251), comprising a rise by (12.8%), compared to the last session, which stood at (RO 2,643,352). The report released by MSX pointed out that the market value went up by (0.093%) to reach about (RO 22.39) billion. The report added that the value of shares bought by non-Omani investors ...

Muscat, 18 Jan (ONA) --- Dr. Said Mohammed Al Saqri, Minister of Economy received here today Dr. Margarete Schrambock, Federal Minister for Digital and Economic Affairs in Austria. The two sides reviewed the bilateral relations between the two countries and explored areas of economic cooperation. They also touched on Oman Vision 2040, which coincides with Austria Vision 2040, especially in the fields of environmental sustainability and governance. The two sides also discussed possibilities of cooperation in areas of renewable energy and hydrogen. --- ...

Muscat, 18 Jan (ONA)—The Ministry of Finance today issued Circular No. 1/2022 setting out a schedule for field visits to government properties and assessment of their rent. Members of the Properties Inspection Committee and Properties Rent Assessment Committee will study the basic value of properties floated for sale in the governorates of Sultanate of Oman in 2022. The circular points out that the programme of field visits to government properties will begin this month. The Ministry calls upon all ministries and government units to provide the Coordinator of the two committees ...

Muscat, 18 Jan (ONA) ---- The Public Authority for Special Economic Zones and Free Zones (OPAZ) announced today the launch of two new services on the electronic portal of the Special Economic Zone at Duqm (SEZD). This endeavour comes in line with the digital transformation programme implemented in the zones overseen by OPAZ. This reflects its continuous efforts to automate the procedures related to investors. In this regard, Eng. Ahmed Harib Al Balushi, In-Charge of Managing Operations of the Control and Compliance Sector at the Public Authority for Special Economic ...

Muscat, 18 Jan (ONA) --- A tender of Government Treasury Bills, issue number 132, worth RO 158 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 ...

Muscat, 18 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 86.70 US Dollars, comprising an increase by 1.76 US Dollar from the price of yesterday (Monday), which was 84.94 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 ...

Muscat, 17 Jan (ONA)—The board of directors of Muscat Stock Exchange (MSX) held the first meeting of the year (2022) under the auspices of Mohammed Mahfoudh Al Ardhi, Chairman of MSX Board of Directors. The board discussed a variety of topics, including the approval of MSX strategic plan. Al Ardhi stressed that the board of directors is working hand in hand with all parties concerned to remove obstacles and address challenges in a manner that transforms them into opportunities to consolidate the status of the stock exchange. It envisages ways to have the investment map ...

Muscat, 17 Jan (ONA) ---- Oman Institute for Oil and Gas today held a ceremony marking the passing out of 70 engineers and geologists at the conclusion of the first phase of intensive training of human resources. The ceremony was held under the auspices of Sayyid Musallam Salim Al Busaidi, Human Resources Undersecretary at the Ministry of Labour. The ceremony included the signing of an agreement between Oman Institute for Oil and Gas and Oman Environment Services Company (Be’ah) dealing with partnership in the field of environmental resources ...

Muscat, 17 Jan (ONA) --- SalamAirhas wonAsia's youngestaircraftfleet for 2022 and the third world YoungestAircraftFleet award from Ch-Aviation, Switzerland. On this occasion, Capt. Mohamed Ahmed, CEO of SalamAir said: “This will be the second year that we have won this accolade bych-aviation. it is definitely a proud moment for all of us at SalamAir as we are celebrating our 5thanniversary of providing our customers with the best value for money service, in the most state of the art aircraft the Airbus A320neo and A321neo. We are recognized among 4700 active airlines ...

Muscat, 17 Jan (ONA)—The Ministry of Finance today organized a workshop to discuss a plan to draft the final version of the quarterly report of internal auditing departments at government units. The plan, set to enhance the role of government internal audit units, is being implemented in association with priorities of Oman Vision 2040, aimed to realize a system of legislation, justice and monitoring of financial activities. During the workshop, the Ministry reviewed the quarterly report’s final draft and the best practices endorsed by government units to ensure the ...

Muscat, 17 Jan (ONA)—The Ministry of Commerce, Industry and Investment Promotion has unveiled 22 investment opportunities in the industrial sector as part of the 100-strong initiative launched last year. The initiative is being undertaken in cooperation with Oman Vision 2040 Implementation Follow-up Unit, Oman Investment Authority, the Public Establishment for Industrial Estates (Madayn), Petroleum Development Oman (PDO), Nama Holding group and Mazoon Dairy company. The launch ceremony was held under the auspices of Qais Mohammed Al Yousef, Minister of Commerce, Industry and ...

Muscat, 17 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (23.7) points, comprising a decline by (0.56%) to close at (‪‪‪‪4216.88) points, compared to the last session, which stood at (‪‪‪‪‪‪4240.53) points. The trading value today stood at (RO 2,643,352), comprising a rise by (49.1%), compared to the last session, which stood at (RO 1,772,321). The report released by MSX pointed out that the market value went down by (0.178%) to reach about (RO 22.37) billion. The report added that the value of shares bought by ...

Muscat, 17 Jan (ONA) --- Oman Air, the national airline of the Sultanate of Oman, today announced that it has been granted ‘Airline Retailing Maturity status’ under IATA’s ARM Index Program. The certification recognizes that Oman Air uses Shop/Order capabilities compliant with the standard Enhanced and Simplified Distribution message schema, version 18.2 and the ARM index Capabilities Verification Guidance. Commenting on the certification, Umesh Chhiber, Senior Vice President Revenue Management, Pricing and Distribution at Oman Air, said “Receiving this status ...

Muscat, 17 Jan (ONA) --- The 4-star Avani Muscat Hotel, owned by Safari International Group, officially opened today in Al Khudh, the Wilayat of A’Seeb. The project, which costed RO 23 million, is managed by the global hospitality group Minor Hotels. The hotel is built on a space of 20,000 square meters. It contains 206 hotel rooms, 45 apartments, a convention’s hall with a capacity of 700 people, several meeting halls and other facilities. The opening ceremony was held under the auspices of Eng. Issam Saud Al Zadjali, Chairman of Muscat ...

Muscat, 17 Jan (ONA) ---- The Ministry of Energy and Minerals and BP has signed today a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement, which will support the potential development of world-class renewable energy and green hydrogen development in Oman, by 2030. The agreement was signed by Dr. Mohammed Hamad Al Rumhy, Minister of Energy and Minerals and Stephen Willis, BP Senior Vice President in Middle East. Dr. Al Rumhy, said: “This is a proud moment for Oman and a significant step towards delivering our 2040 Vision. In partnership ...

Muscat, 17 Jan (ONA)—The Ministry of Transport, Communications and Information Technology has detected various instances of transgression and violation of the Land Transport Law (promulgated by Royal Decree No. 10/2016) and took legal action against the perpetrators. The violations included exceeding truck axle weight, manipulating vehicle operation cards and practicing unlicensed land transport activities. Some of the offenders also surpassed foreign land transport procedures like exercising transportation between two points within the Sultanate of Oman without obtaining ...

Muscat, 17 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 84.94 US Dollars, comprising an increase by 1.16 US Dollar from the price of last (Friday), which was 83.78 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, 16 Jan (ONA) --- The Ministry of Commerce, Industry and Investment Promotion handed over the Investor Residency Programme cards to 42 investors of different citizenship, including 17 10-year residency cards and 25 5-year residency cards. Asilah Salim Al Samsami, the Ministry’s Undersecretary for Investment Promotion handed over the third batch of residency cards which entitle foreign investors and retirees a right for long stay in the Sultanate of Oman. The number of investors who received the residency cards since the programme’s launch in October 2021 reached ...

Muscat, 16 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (26.4) points, comprising a decline by (0.62%) to close at (‪‪‪‪4240.53) points, compared to the last session, which stood at (‪‪‪‪‪‪4266.93) points. The trading value today stood at (RO 1,772,321), comprising a drop by (69.7%), compared to the last session, which stood at (RO 5,851,232). The report released by MSX pointed out that the market value went down by (0.134%) to reach about (RO 22.41) billion. The report added that the value of shares bought by ...

Ibri, 16 Jan (ONA) --- A number of agreements were signed in the Governorate of A'Dhahirah today to implement service, municipal and development projects at a sum of more than RO 2 million.They were signed with the companies executing the projects by Najeeb Ali Al Rawas, Governor of A'Dhahirah.These projects will contribute to developing and boosting the governorate’s economy, as well as enhancing the services rendered to cover the three wilayats of the Governorate. --- Ends/AG/AH ...

Muscat, 16 Jan (ONA) --- The Sultanate of Oman’s production of natural gas (including imports) by the end of November 2021 reached 46.05 billion cubic meters compared to 42.186 billion cubic meters in November 2020, comprising a rise by 9.2%, according to the latest data released by the National Centre for Statistics and Information (NCSI). The increase is attributed mainly to the rise of associated gas by 26.2% to reach 8.499 billion cubic meters compared to 6.736 billion cubic meters by the end of November 2020 and the increase of non-associated gas (including imports) ...

Salalah, 16 Jan (ONA) —— HHSayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports and Youth, presided over the commissioning ceremony of OQ’s LPG plant in the Governorate of Dhofar today.The ceremony was attended by some members of the Royal Family, ministers, undersecretaries and other dignitaries.Built with an investment of RO 318 million, OQ’s LPG plant embodies the government’s strategy to drive economic diversification, optimize value creation from the country’s natural resources, promote in-country value (ICV) development, and implement the Oman 2040 Vision to ...

Muscat, 13 Jan (ONA)—The Ministry of Transport, Communications and Information Technology gave its approval to Aalam A'ssahab (clouds world) company to provide female taxi service via Otaxi app on demand, both for immediate and advance bookings. The service offers online tracking of taxi routes at fixed prices set prior to the start of trips. The license allows female drivers/operators to choose distinctive colours for their vehicles (white, pink). The service offers (customers) privacy and security. The service will provide employment opportunities for female jobseekers, ...

Muscat, 13 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (8.7) points, comprising an increase by (0.20%) to close at (‪‪‪‪4266.93) points, compared to the last session, which stood at (‪‪‪‪‪‪4258.21) points. The trading value today stood at (RO 5,851,232), comprising a surge by (49.5%), compared to the last session, which stood at (RO 3,912,979). The report released by MSX pointed out that the market value went up by (0.063%) to reach about (RO 22.44) billion. The report added that the value of shares bought by non-Omani ...

Muscat, 13 Jan (ONA)--- As part of its ongoing efforts to expand tourism investments through strategic alliances, Oman Tourism Development Company (Omran Group) has entered into a development partnership agreement with Diamond Developers, a major real estate development company. The agreement entails the development of the first phase of Yiti Tourism masterplan with an investment value of approximately USD 1 billion. In conjunction with this partnership, a joint venture called Sustainable Development and Investment Company (SDIC) has been established to carry out the execution of this ...