News

Muscat, 13 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 82.94 US Dollars, comprising an increase by 67 cents from the price of yesterday (Wednesday), which was 82.27 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, 12 Jan (ONA)—Experts and economic analysts have underlined the significance of the recent Royal speech of His Majesty Sultan Haitham bin Tarik as a roadmap for the next stage of development.This comes at a time the Sultanate of Oman is striving to achieve fiscal sustainability, stimulate the economy, improve the business climate, attract more investments, diversify sources of income and provide employment opportunities.The analysts told Oman News Agency (ONA) that the Omani government’s dedication to plans of fiscal balance and economic stimulus produced positive results in record ...

London, 12 Jan (ONA) --- An agreement of partnership was signed between the Sultanate of Oman, represented by the Oman Investment Authority (OIA), and the United Kingdom (UK), represented by the British Office for Investment.The agreement, signed in London, aims to bolster the relations and high-value investment volume between the two countries.The agreement comes within the framework of the memorandum of understanding between the British Office for Investment and the OIA aimed to enhance the joint economic relations.The trade volume between the two countries reached GBP 1 billion annually. ...

Muscat, 12 Jan (ONA) --- Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry here today received Dr. Mantas Adomenas, Vice Minister of Foreign Affairs in the Republic of Lithuania. The meeting reviewed the astounding relations between the two countries. It also covered fields of trade and economic cooperation. The two sides discussed several matters of common interest and expressed their keenness to seize the investment opportunities and the available capabilities in the fields of trade, industry, tourism ...

Muscat, 12 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (33.5) points, comprising an increase by (0.79%) to close at (‪‪‪‪4258.21) points, compared to the last session, which stood at (‪‪‪‪‪‪4224.67) points.The trading value today stood at (RO 3,912,979), comprising a decline by (5,6%), compared to the last session, which stood at (RO 4,145,319).The report released by MSX pointed out that the market value went up by (0.146%) to reach about (RO 22.42) billion.The report added that the value of shares bought by non-Omani investors reached ...

Muscat, 12 Jan (ONA) --- Eng. Ridha Juma Al Saleh, Chairman of Oman Chamber of Commerce and Industry (OCCI) received here today Dr. Mantas Adomenas, Vice Minister of Foreign Affairs in the Republic of Lithuania and his accompanying delegation. The meeting discussed several topics, mainly conducting bilateral meetings between the Omani businessmen and their Lithuanian counterparts, as well as creating a joint platform to present the investment opportunities in the Sultanate of Oman and Lithuania. ---Ends/HG/AH ...

Muscat, 12 Jan (ONA)—The Ministry of Transport, Communications and Information Technology has unveiled the executive plan of government digital transformation for the period 2021-2025. The programme set a roadmap for utilizing modern techniques to develop public sector functioning, notably by creating digital platforms for services, as well as a legal and regulatory climate that empowers digital transformation. The government digital transformation programme stems from the National Digital Economy Programme, which constitutes one of the main pillars of Oman Vision 2040. It ...

Muscat, 12 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 82.27 US Dollars, comprising an increase by 2.30 US Dollars from the price of yesterday (Tuesday), which was 79.97 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, 12 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 82.27 US Dollars, comprising an increase by 2.30 US Dollars from the price of yesterday (Tuesday), which was 79.97 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 ...

Muscat, 11 Jan (ONA) --- Sultan Salim Al Habsi, Minister of Financeو Chairman of the Board of Directors of the Capital Market Authority (CMA) issued decision No. 171/2021 establishing the Supreme Sharia Supervisory Board (SSSB) in the Capital Market Authority and issued its Articles of Association pursuant to Article 5 of the Takaful Insurance Law promulgated by Royal Decree No. 11/2016. SSSB’s establishment aims to enhance the legislative and regulatory processes for the companies operating in the Takaful insurance business field based on best international ...

Haima, 11 Jan (ONA) --- The Governor’s Office of Al Wusta signed today several agreements to implement development and service projects in Al Wusta, at a sum of RO 700,000. The agreements were signed with the companies executing the projects by Sheikh Me’athad Mohammed Al Yaaqoubi, Governor of Al Wusta. --- Ends/AG/AH ...

Muscat, 11 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (3.1) points, comprising an increase by (0.07%) to close at (‪‪‪‪4224.67) points, compared to the last session, which stood at (‪‪‪‪‪‪4221.58) points. The trading value today stood at (RO 4,145,319), comprising a decline by (49.7%), compared to the last session, which stood at (RO 8,246,545). The report released by MSX pointed out that the market value went up by (0.616%) to reach about (RO 22.39) billion. The report added that the value of shares bought by non-Omani ...

Muscat, 11 Jan (ONA) ---- A tender of Government Treasury Bills, issue number 553, worth RO 313 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 bills ...

Muscat, 11 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 79.97 US Dollars, comprising a decrease by 41 cents from the price of yesterday (Monday), which stood at 80.38 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, 10 Jan (ONA) --- Oman Development Bank (ODB) has announced the augmentation of project funding budget to RO 86 in 2022. The sum is largely allocated for entrepreneurship and SMEsprojects. This drive comes within the framework of implementing the Royal directives of His Majesty Sultan Haitham bin Tarik to boost entrepreneurship programmes. --- Ends/AH ...

Muscat, 10 Jan (ONA) --- The total number of fixed mobile subscriptions via internet protocol in the Sultanate of Oman increased by 3.2% as of the end of November 2021, according to data released by the National Centre for Statistics and Information (NCSI). The number of fixed internet subscriptions reached 526,367 by the end of November 2021. Total fixed telephone line subscriptions reached 577,966 by the end of November 2021, while the number of mobile phone subscriptions reached 6,026,395, comprising a decline by 3.1% compared to the same period in ...

Muscat, 10 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (4.8) points, comprising an increase by (0.11%) to close at (‪‪‪‪4221.58) points, compared to the last session, which stood at (‪‪‪‪‪‪4216.80) points.The trading value today stood at (RO 8,246,545), comprising a surge by (378.5%), compared to the last session, which stood at (RO 1,723,368).The report released by MSX pointed out that the market value went up by (0.090%) to reach about (RO 22.25) billion.The report added that the value of shares bought by non-Omani investors reached ...

Muscat, 10 Jan (ONA) --- Oman Cement Company (OCC) floated a tender for the construction of its fourth cement production line in the Sultanate of Oman and to upgrade its third line. The fourth line will have a capacity of 10,000 tons per day of clinker, whereas the daily capacity of the third line will be upgraded from 4,000 to 5,000 tons per day. OCC will add 11,000 tons per day to its current production levels as part of its plans to develop the production of cement in Oman to meet the demand in local markets and to achieve self-sufficiency of high quality cement. ...

Muscat, 10 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 80.38 US Dollars, comprising a decline by 33 cents from the price of last (Friday), which was 80.71 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, 10 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 80.38 US Dollars, comprising a decline by 33 cents from the price of last (Friday), which was 80.71 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 ...

Muscat, 9 Jan (ONA)—Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, today handed over the Investor Residency Programme cards to 26 investors of different citizenships.The 10-year residency cards entitle foreign investors and retirees a right for long stay in the Sultanate of Oman. Al Yousef said that the programme titled “An Investor’s Residency” seeks to streamline procedures to get residency status via portal of the Ministry’s investment services centre. This is in addition to a variety of incentives to the recipients of residency status ...

Muscat, 9 Jan (ONA) --- The Sultanate of Oman, represented by the Ministry of Agriculture, Fisheries and Water Resources signed today an agreement with the Food and Agriculture Organization (FAO) to furnish a flexible environment with sustainable agricultural and water resources in Oman. The project will be funded by the UN Green Climate Fund (GCF). The agreement was signed by Dr. Saud Hamoud Al Habsi, Minister of Agriculture, Fisheries and Water Resources and Nora Ourabah Haddad, FAO Representative in Oman. The project will enable stakeholders in the ...

Muscat, 9 Jan (ONA) --- OQ - the global integrated energy group of the Sultanate of Oman - has announced that it will formally inaugurate its state-of-the-art Liquefied Petroleum Gas (LPG) plant worth RO 318 Million in Salalah next Sunday, 16 January 2022. This vital project works on processing natural gas liquids (NGLs) extracted from gas networks into LPG. The plant is designed and built to the highest technical and safety standards. It consists of a number of components, notably a facility for the extraction of rich gas elements such as propane, butane and ...

Muscat, 9 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (28.6) points, comprising an increase by (0.68) to close at (‪‪‪‪4216.80) points, compared to the last session, which stood at (‪‪‪‪‪‪4188.24) points. The trading value today stood at (RO 1.723,368), comprising a decline by (61.3%), compared to the last session, which stood at (RO 4.453,399). The report released by MSX pointed out that the market value went up by (0.176%) to reach about (RO 22.23) billion. The report added that the value of shares bought by non-Omani ...

Muscat, 9 Jan (ONA) --- The total number of passengers travelling through airports in the Sultanate of Oman (Muscat, Salalah, Sohar and Duqm) till the end of October 2021 reached 3,349,503, compared to 4,107,142 passengers at the end of October 2020, comprising a decline by 18.4%, according to the latest data released by the National Centre for Statistics and Information (NCSI). The total number of flights at the airports of the Sultanate of Oman reached 30,375, including 21,466 international flights through Muscat International Airport, Salalah Airport and Sohar ...

Islamabad, 6 Jan (ONA) --- President Dr. Arif Alvi of the Islamic Republic of Pakistan received Eng. Ridha Juma Al Saleh, Chairman of Oman Chamber of Commerce and Industry (OCCI) and the business delegation currently visiting Pakistan. The meeting reviewed the historic relations between the Sultanate of Oman and Pakistan, as well as prospects of economic cooperation. It also stressed the importance of upgrading this cooperation and benefiting from the opportunities available at the two countries' private sector to serve interests of the two sides. Imran ...

Islamabad, 6 Jan (ONA) --- Shah Mahmood Qureshi, Pakistan's Foreign Minister received Eng. Ridha Juma Al Saleh, Chairman of Oman Chamber of Commerce and Industry (OCCI) and the business delegation currently visiting Pakistan. The meeting explored boosting economic and investment cooperation between the Sultanate of Oman and Pakistan and attracting investment through the two countries' embassies. It also discussed how the Pakistani investors could benefit from investment opportunities at sectors targeted by Oman Vision 2040. --- Ends/KH ...

Muscat, 6 Jan (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (1.6) point, comprising an increase by (0.038) to close at (‪‪‪‪4188.24) points, compared to the last session, which stood at (‪‪‪‪‪‪4186.64) points. The trading value today stood at (RO 4.453,399), comprising a surge by (174.9%), compared to the last session, which stood at (RO 620,096). The report released by MSX pointed out that the market value went up by (0.020%) to reach about (RO 22.19) billion. The report added that the value of shares bought by non-Omani investors ...

Muscat, 6 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 78.86 US Dollars, comprising an increase by 44 cents from the price of yesterday (Wednesday), which was 78.42 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. --- ...

Muscat, 6 Jan (ONA) --- Oman oil price (March Delivery 2022) today reached 78.86 US Dollars, comprising an increase by 44 cents from the price of yesterday (Wednesday), which was 78.42 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. --- ...