News

Muscat, 28 Feb (ONA) --- Oman oil price (April Delivery 2022) today reached 95.87 US Dollars, comprising an increase by 3.19 US Dollars from the price of last (Friday), which was 92.68 US Dollars.The average price of Oman oil (February Delivery 2022) has stabilized at 73.14 US Dollars, thus 7.12 US Dollars per barrel lower than January Delivery ...

Muscat, 27 Feb (ONA) --- A joint meeting was held here today between the Ministry of Agriculture, Fisheries and Water Resources, and the Ministry of Commerce, Industry and Investment Promotion. The meeting was held under the chairmanship of Dr. Saud Hamoud Al Habsi, Minister of Agriculture, Fisheries and Water Resources in the presence Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion. The meeting aims to continuously regulate import and export procedures, in order to ensure the availability of commodities and products in local markets, their ...

Moscow, 27 Feb (ONA) --- Russians lined up at cash machines around the country to withdraw foreign currency as new sanctions to punish the Kremlin for its invasion of Ukraine sparked fear the ruble could collapse. The rush for foreign currency came despite some lenders selling dollars at more than a third higher than the market’s close on Friday, and well past the psychologically important level of 100 rubles per dollar that many economists said would trigger an interest-rate hike by the Bank of Russia. The shock came as Russians were still digesting news that Europe was ...

Sohar, 27 Feb (ONA) --- Sohar University signed here today 4 agreements with entrepreneurs and companies to establish a specialized incubator for converting industries.The incubator will serve entrepreneurs to develop small and medium enterprises (SMEs) and to contribute in the Omani economy.The agreements were signed by Dr. Hamdan Sulaiman Al Fazari, Vice Chancellor of Sohar University and representatives of the incubated firms.As per the agreements, the SMEs will receive support to develop and achieve sustainability. The incubation will last for 12 months. --- ...

Muscat, 27 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (0.7) point, comprising a decline by (0.02%) to close at (‪‪‪‪4035.96) points, compared to the last session, which stood at (‪‪‪‪‪‪4036.70) points.The trading value today stood at (RO 3,679,398), comprising a rise by (34.2%), compared to the last session, which stood at (RO 2,742,044).The report released by MSX pointed out that the market value went up by (0.036%) to reach about (RO 21.99) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Muscat, 27 Feb (ONA) --- The Ministry of Housing and Urban Planning signed here today 11 agreements with various companies and private establishments to the tune of RO 20 million.Five of the agreements were inked within the framework of the Food Security Lab, while the other 6 are land usufruct agreements to set up agricultural projects. Those projects will provide the agricultural needs of the Sultanate of Oman in a scientific, modern and innovative manner that complies with food security regulations.The signed projects vary between the production of white and red meat, eggs, ...

Muscat, 27 Feb (ONA) --- The Ministry of Heritage and Tourism launched a promotional campaign in the French capital, Paris during this month (February 2022). The campaign highlights the marvelous beauty of the Sultanate of Oman.The campaign was launched via public transport buses, and the famous French attractions such as Champs Elysees, Eiffel Tower and Place de la Concorde.The campaign aims at re-enhancing the Sultanate of Oman as a distinct tourism destination that attracts European tourists through showcasing attractive images reflecting diverse tourism elements in Oman such as ...

Kuala Lumpur, 24 Feb (ONA)---- A spectacular rally in crop prices from wheat to palm oil has increased concerns that food costs are going to get a lot higher. Those fears only got worse today after Russian forces attacked targets across Ukraine. Both countries are key suppliers of grains and edible oils, according to Bloomberg. The crisis has driven wheat to the highest level since 2012, while drought in South America has dimmed the outlook for soya bean supplies. Palm oil, which is used in thousands of products from cookies to shampoo, is on a record-breaking run as a labour shortage ...

Berlin, 24 Feb (ONA) ---Wheat prices have risen sharply on world markets, along with numerous other commodities, in the wake of the Russian attack on Ukraine, dpa reported. The price for a bushel of wheat rose by more than 5%, to just under 935 US cents today, the highest level since 2012. Russia is one of the most important producers of wheat worldwide. The price on the Chicago Commodity Exchange (COBT) had risen by the maximum possible amount of 50 US cents during the morning's trading, said commodities expert Carsten Fritsch from Commerzbank. Today, numerous raw ...

Muscat, 24 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (8.2) points, comprising a decline by (0.20%) to close at (‪‪‪‪4036.70) points, compared to the last session, which stood at (‪‪‪‪‪‪4044.86) points.The trading value today stood at (RO 2,742,044), comprising a rise by (46.3%), compared to the last session, which stood at (RO 1,874,186).The report released by MSX pointed out that the market value went down by (0.097%) to reach about (RO 21.98) billion.The report added that the value of shares bought by non-Omani investors reached ...

Moscow, 24 Feb (ONA) —— Russia's main stock exchange, the RTS-Index, lost more than a fifth of its value at the start of trading as investors react to the Russian invasion of Ukraine.During early trading, it was down by 966 points. The entire stock market has lost more than a third of its value during six days of sell-offs.The Russian rouble is also under pressure.—— ...

Muscat, 24 Feb (ONA) --- Oman oil price (April Delivery 2022) today reached 97.69 US Dollars, comprising increased by 4.06 US Dollars from the price of yesterday (Wednesday), which was 93.63 US Dollars. The average price of Oman oil (February Delivery 2022) has stabilized at 73.14 US Dollars, thus 7.12 US Dollars per barrel lower than January Delivery 2022. ---Ends/Hilal ...

Muscat, 23 Feb (ONA) --- The Omani-Saudi Business Council held its first meeting of the year at Oman Chamber of Commerce and Industry (OCCI) here today. During the meeting, the Omani side unveiled the visions of sectoral committees. Ali Hamad Al Kalbani, Head of the Omani side at the Business Council, underscored the need to foster communication among private sector entities in both countries. The two sides are considering ways of improving the investment climate and devising proper policies and frameworks in a manner that encourages investors to set up joint ...

Muscat, 23 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (13.2) points, comprising a decline by (0.33%) to close at (‪‪‪‪4044.86) points, compared to the last session, which stood at (‪‪‪‪‪‪4058.07) points.The trading value today stood at (RO 1,874,186), comprising a drop by (44.7%), compared to the last session, which stood at (RO 3,389,233).The report released by MSX pointed out that the market value went down by (0.045%) to reach about (RO 22) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Fujairah, 23 Feb (ONA) --- A businessmen delegation, representing Oman Chamber of Commerce and Industry (OCCI), took part in the 16th Arab International Conference on Mineral Resources, being held in Fujairah in the United Arab Emirates (UAE). The delegation was led by Dr. Salim Salayum Al Junaibi, OCCI First Deputy Chairman, Head of the OCCI branch of the Governorate of Al Wusta. During the sessions of the conference, the Sultanate of Oman presented specialized papers in the field of mineral wealth. The conference focused on the new dimensions of mineral resource ...

Muscat, 23 Feb (ONA) --- Oman oil price (April Delivery 2022) today reached 93.63 US Dollars, comprising a decrease by 2.88 US Dollars from the price of yesterday (Tuesday), which was 96.51 US Dollars.The average price of Oman oil (February Delivery 2022) has stabilized at 73.14 US Dollars, thus 7.12 US Dollars per barrel lower than January Delivery 2022. --- ...

Muscat, 23 Feb (ONA) ---- A tender of Government Treasury Bills, issue number 555, worth RO 177 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 ...

Washington, 23 Feb (ONA) ---- The World Bank will support Argentina with 2 billion dollars in 2022 amid a severe economic crisis in the country, the bank's managing director of operations said. The bank, which last year committed a record 2.1 billion dollars to the South American country, "has a project pipeline under preparation of at least US$2 billion for 2022," according to a statement."The World Bank is committed to supporting Argentina on its growth path and recovery from the impact of the COVID-19 crisis," said managing director of operations Axel van Trotsenburg after a meeting ...

Bangkok, 22 Feb (ONA) --- Oil prices surged nearly 5% and stock prices dropped after Russian President Vladimir Putin ordered forces into separatist regions of eastern Ukraine, bringing a long-feared invasion a step closer. Russia is a major energy producer and the tensions over Ukraine have brought wide swings in volatile energy prices, on top of the inevitable risks of a broader conflict. Oil prices already had surged recently to their highest level since 2014. By early today, the advance of US benchmark crude oil had abated slightly. It was up $3.66, or 4.1%, at ...

Muscat, 22 Feb (ONA) --- The Public Establishment for Industrial Estates – Madayn launched today the first integrated Omani digital platform (Souq Madayn) for displaying, buying and selling Omani products. The event was held under the patronage of Dr. Said Mohammed Al Saqri, Minister of Economy. Souq Madayn platform aims at displaying, buying and selling Omani products between companies (B2B), as well as offering government procurement (B2G). The platform will enhance the presence of national industries in local and foreign markets by utilising cutting-edge ...

Muscat, 22 Feb (ONA) --- Oman oil price (April Delivery 2022) today reached 96.51 US Dollars, comprising an increase by 4.27 US Dollars from the price of yesterday (Monday), which was 92.24 US Dollars. The average price of Oman oil (February Delivery 2022) has stabilized at 73.14 US Dollars, thus 7.12 US Dollars per barrel lower than January Delivery 2022. --- Ends/Anas ...

Dubai, 21 Feb (ONA) --- The Sultanate of Oman, represented by the Ministry of Economy took part today in the 3rd meeting of high-ranking officials of the GCC Economic and Development Affairs Authority. The two-day meeting is held in the pavilion of the GCC Secretariat General at Expo 2020 Dubai. Oman’s delegation in the meeting was headed by Dr. Nasser Rashid Al Ma’awali, Undersecretary of the Ministry of Economy. The meeting discussed several topics, namely the roadmap of reaching economic unity between the GCC countries by 2025. It also touched on a report covering the ...

Muscat, 21 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (3.7) points, comprising a decline by (0.09%) to close at (‪‪‪‪4084.28) points, compared to the last session, which stood at (‪‪‪‪‪‪4087.99) points.The trading value today stood at (RO 4,855,003), comprising a drop by (15.2%), compared to the last session, which stood at (RO 5,724,558).The report released by MSX pointed out that the market value went up by (0.019%) to reach about (RO 22.03) billion.The report added that the value of shares bought by non-Omani investors reached (RO ...

Muscat, 21 Feb (ONA) --- Oman oil price (April Delivery 2022) today reached 92.24 US Dollars, comprising an increase by 1.35 US Dollar from the price of last (Friday), which was 90.89 US Dollars.The average price of Oman oil (February Delivery 2022) has stabilized at 73.14 US Dollars, thus 7.12 US Dollars per barrel lower than January Delivery 2022. --- ...

Bangkok, 21 Feb (ONA) --- Asian shares were mostly lower today after a retreat on Wall Street, as investors watched for developments in Ukraine after Russia rescinded earlier pledges to pull tens of thousands of its troops away from Ukraine’s northern border. Tokyo, Seoul, Hong Kong and Shanghai declined while Sydney advanced. Russia is a major energy producer and a military conflict also could disrupt energy supplies and make for extremely volatile energy prices. Tokyo’s Nikkei 225 index lost 0.8% to 26,910.87, while the Hang Seng in Hong Kong shed 1.1% to ...

Muscat, 20 Feb (ONA) --- The number of business activities in various governorates of the Sultanate of Oman registered with the Ministry of Commerce, Industry and Investment Promotion during the third quarter of 2021 reached 6260 activities. The Information, Data and Statistics Department of the Ministry of Commerce, Industry and Investment Promotion indicated that the movement of business activities during the third quarter of 2021 were concentrated in the Governorate of Muscat, accounting for 40.69% of the total volume of business activity in Oman. It was followed by the ...

Dubai, 20 Feb (ONA) --- The General-Commission of Oman’s pavilion at Expo 2020 Dubai, in coordination with the pavilion of the Kingdom of the Netherlands, held a meeting between businesspeople from Oman and the Netherlands, as well as representatives of mega companies which have headquarters in Dubai. The meeting aimed to discuss areas of business cooperation between the two countries, particularly in fields of renewable energy, food, waste management and investment opportunities available in those areas. The investments of Omani local establishments in various sectors were ...

Muscat, 20 Feb (ONA)—As many as 5672 companies benefited from a package of corporate incentives offered by the Ministry of Commerce, Industry and Investment Promotion between 15 June 2021 to the end of December 2021. The services enabled desirous companies to clear, merge, cancel or adjust their commercial registers. Among the total, 3703 companies cancelled their registers after, following conducting clearing tasks to facilitate the rectification of their status during the above-mentioned period. Khalis Khamis Al Masroori, Director of Commercial Establishments Monitoring ...

Muscat, 20 Feb (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (4.5) points, comprising a decline by (0.11%) to close at (‪‪‪‪4087.99) points, compared to the last session, which stood at (‪‪‪‪‪‪4092.50) points. The trading value today stood at (RO 5,724,558), comprising a drop by (39.6%), compared to the last session, which stood at (RO 9,471,237). The report released by MSX pointed out that the market value went down by (0.041%) to reach about (RO 22.03) billion. The report added that the value of shares bought by ...

Duqm, 20 Feb (ONA) --- In line with the official inauguration of Port of Duqm, Asyad Ports-Duqm is set to commence the operation and management of the general cargo terminal that includes three commercial berths in Port of Duqm, following Asyad Group’s strategy to enhance the competitiveness of Omani ports and maximize their investment and economic returns, as underpinned by Oman Logistics Strategy (SOLS 2040). Asyad Terminals – Duqm, established through a partnership between Asyad Ports and Port of Duqm, will manage and operate three berths in Port of Duqm, which can ...