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Oman Oil Price Declines 2.63 US Dollars

Oman Oil Price Declines 2.63 US DollarsMuscat, 10 Nov (ONA) --- Oman oil price (January Delivery 2023) today reached 87.08 US Dollars, comprising a drop by 2.63 US Dollars from the price of yesterday (Wednesday) which stood at 89.71 US Dollars.The average price of Oman oil (November Delivery 2022) has stabilized at 90.80 US Dollars per barrel, thus 6.20 US Dollars per barrel lower than October Delivery 2022. --- Ends/Thuraiya/Anas ...

Omani Vessels Exempted from Fines, Renewal Fees Until Yearend

Omani Vessels Exempted from Fines, Renewal Fees Until Yearend Muscat, 9 Nov (ONA)—The Ministry of Transport, Communications and Information Technology has announced the exemption of Omani vessels and other marine units from registration and renewal fees and fines until 31 December 2022, provided the pending renewal period does not exceed one year, in accordance with Article (26) of the Maritime Law of Oman. The waiver covers commercial vessels, artisanal and coastal fishing vessels, leisure boats and ships, tourist vessels and boats, water bikes and service vessels and ...

MSX Gains 6 Points

MSX Gains 6 PointsMuscat, 9 Nov (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (6.7) points, comprising a rise by (0.15%) to close at (4427.85) points, compared to the last session, which stood at (4421.17) points.The trading value today stood at (RO 2,884,233), comprising a surge by (75.3%), compared to the last session, which stood at (RO 1,645,445).The report released by MSX pointed out that the market value went down by (0.029%) to reach about (RO 22.98) billion.The report added that the value of shares bought by non-Omani investors reached (RO 1,068,000), ...

OQ’s Net Profits Exceed USD 2.1 Billion During First Half of 2022

OQ’s Net Profits Exceed USD 2.1 Billion During First Half of 2022 Muscat, 9 Nov (ONA) --- OQ, a global integrated energy group, recorded earnings before interest, taxes, depreciation and amortization (EBITDA) amounting to USD 3.441 billion for the first half of 2022, comprising a surge by 110% compared to the first half of 2021. OQ recorded net profits of USD 2.131 billion. Additionally, the assets of the group increased to USD 31.633 billion. OQ achieved an average total production of oil from its operating assets and investment partnerships of approximately 218,000 ...

Oman Oil Price Declines 2.60 US Dollars

Oman Oil Price Declines 2.60 US DollarsMuscat, 9 Nov (ONA) --- Oman oil price (January Delivery 2023) today reached 89.71 US Dollars, comprising a drop by 2.60 US Dollars from the price of yesterday (Tuesday) which stood at 92.31 US Dollars.The average price of Oman oil (November Delivery 2022) has stabilized at 90.80 US Dollars per barrel, thus 6.20 US Dollars per barrel lower than October Delivery 2022. --- Ends/Thuraiya/Anas ...

MoC Signed to Support Youth Business in Residential Facilities Maintenance

MoC Signed to Support Youth Business in Residential Facilities MaintenanceMuscat, 8 Nov (ONA) --- The National Employment Programme (NEP) today signed a memorandum of cooperation (MoC) with Horizon Integrated Business firm (Musalih) to enhance young people’s undertaking self-employment business in the residential facilities maintenance and repair sector in Oman.The MoC comes in pursuance of the NEP’s efforts to provide employment and to raise the labour market’s readiness to interact with the independent business sector, which is witnessing rapid growth worldwide.The MoC was ...

Tenth Regional Cybersecurity Conference Sees Participation of 45 Countries

Tenth Regional Cybersecurity Conference Sees Participation of 45 CountriesMuscat, 8 Nov (ONA) --- The 10th Regional Cybersecurity Conference kicked off here today, with the participation of 400 specialists from 45 countries from around the world. It is held as part of the Regional Week for Cybersecurity, organized by the Arab Regional Cybersecurity Centre and hosted by the Ministry of Transport, Communications and Information Technology.The opening ceremony of the conference was held under the patronage of Abdulsalam Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA), ...

MSX Gains 13 Points

MSX Gains 13 PointsMuscat, 8 Nov (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (13.3) points, comprising a rise by (0.30%) to close at (4421.17) points, compared to the last session, which stood at (4407.87) points.The trading value today stood at (RO 1,645,445), comprising a surge by (16.3%), compared to the last session, which stood at (RO 1,415,170).The report released by MSX pointed out that the market value went down by (0.018%) to reach about (RO 22.98) billion.The report added that the value of shares bought by non-Omani investors reached (RO 693,000), ...

Oman Oil Price Declines 77 Cents

Oman Oil Price Declines 77 CentsMuscat, 8 Nov (ONA) --- Oman oil price (January Delivery 2023) today reached 92.31 US Dollars, comprising a drop by 77 cents from the price of yesterday (Monday) which stood at 93.08 US Dollars.The average price of Oman oil (November Delivery 2022) has stabilized at 90.80 US Dollars per barrel, thus 6.20 US Dollars per barrel lower than October Delivery 2022. --- Ends/Thuraiya/Anas ...

OIA, Saudi ACWA Power Ink MoU to Explore Investment Possibility in Suez Wind Energy Project

OIA, Saudi ACWA Power Ink MoU to Explore Investment Possibility in Suez Wind Energy Project Sharm El Sheikh, 8 Nov (ONA) --- Oman Investment Authority (OIA) signed a Memorandum of Understanding (MoU) with ACWA Power of the Kingdom of Saudi Arabia (KSA), to explore the feasibility of investment of up to 10% in the development, construction, and operation of the 1.1GW Suez Wind Energy project. This investment is in line with the Sultanate of Oman’s commitment and pioneering role in reducing CO2 emissions and mitigating the adverse effects of climate change and in cooperation ...

Oman, KSA Sign MoU in Energy Field

Oman, KSA Sign MoU in Energy FieldSharm El-Sheikh, 7 Nov (ONA)— The Sultanate of Oman, represented by the Ministry of Energy and Minerals, and the Kingdom of Saudi Arabia (KSA), represented by the Ministry of Energy today signed a Memorandum of Understanding (MoU) in the field of energy.The action took place on the sidelines of Oman’s participation in the Conference of Parties to the United Nations Framework Convention on Climate Change for 2022 (COP27)—hosted by Egypt and lasting from 6 to 18 November.It was signed by Eng. Salim Nasser Al Awfi, Minister of Energy and Minerals and ...

Oman Participates in World Travel Market 2022 in London

Oman Participates in World Travel Market 2022 in London London, 7 Nov (ONA) --- The Sultanate of Oman, represented by the Ministry of Heritage and Tourism, is taking part in the World Travel Market 2022 held in London, the United Kingdom (UK), from 7-9 November 2022. Oman’s delegation is headed by Azzan Qasim Al Busaidi, Tourism Undersecretary. The Ministry’s participation aims to highlight and promote Oman’s tourism potentials and capabilities in an event that brings together tourists from all over the world to discuss developments in the sector and to ...

Salalah Airport Receives First Romanian flight with 116 Tourists on Board

Salalah Airport Receives First Romanian flight with 116 Tourists on BoardSalalah, 7 Nov (ONA)—A flight of Romania charter airline HiSky landed here today, with 116 tourists on board, as part of the winter tourism season programme in the Governorate of Dhofar.In line with the programme, the Ministry of Heritage and Tourism, is implementing a set of tourism events and activities aimed at attracting local and international tourists. The activities include the Frankincense Season in late November and the Empty Quarter Festival in the Niyabat of Al Shasr in the Wilayat of ...

Oman Islamic Banking Forum Explores Oman 2040 Vision’s Prospects for Development

Oman Islamic Banking Forum Explores Oman 2040 Vision’s Prospects for DevelopmentMuscat, 7 Nov (ONA) --- The first session of Oman Forum for Islamic Banking, held under the title "Prospects for growth and development in accordance with the objectives of Oman Vision 2040", explored the contribution of the Islamic banking sector in boosting development and analyzing the performance of the public sector in the long run.The forum, organized by Al Roya newspaper in cooperation with the Oman Banks Association, discussed the structure of the Islamic banking industry and the requirements of ...

MSX Declines 10 Points

MSX Declines 10 Points Muscat, 7 Nov (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (10.2) points, comprising a drop by (0.23%) to close at (4407.87) points, compared to the last session, which stood at (4418.10) points. The trading value today stood at (RO 1,415,170), comprising a decline by (34.1%), compared to the last session, which stood at (RO 2,147,021). The report released by MSX pointed out that the market value went down by (0.056%) to reach about (RO 22.99) billion. The report added that the value of shares bought by non-Omani investors ...

Oman Posts RO 1.123 Billion Budget Surplus by September 2022

Oman Posts RO 1.123 Billion Budget Surplus by September 2022 Muscat, 7 Nov (ONA) --- Oman’s budget achieved a surplus of RO 1.123 billion at the end of September 2022 as compared to a deficit of RO 1.030 billion over the same period in 2021, according to the Fiscal Performance Monthly Bulletin published by the Ministry of Finance. Oman’s public revenue stood at RO 10.567 billion at the end of September 2022, up by 43.4% compared to RO 7.368 billion registered over the same period in 2021. This is mainly due to an increase in oil price and production. By the end of ...

Oman Oil Price Rises 84 Cents

Oman Oil Rises 84 Cents Muscat, 7 Nov (ONA) --- Oman oil price (January Delivery 2023) today reached 93.08 US Dollars, comprising a rise by 84 cents from the price of last (Friday) which stood at 92.24 US Dollars. The average price of Oman oil (November Delivery 2022) has stabilized at 90.80 US Dollars per barrel, thus 6.20 US Dollars per barrel lower than October Delivery 2022. --- Ends/Anas ...

MSX Gains 16 Points

MSX Gains 16 Points Muscat, 6 Nov (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (16.5) points, comprising a rise by (0.38%) to close at (4418.10) points, compared to the last session, which stood at (4401.57) points. The trading value today stood at (RO 2,147,021), comprising a surge by (15.2%), compared to the last session, which stood at (RO 1,864,312). The report released by MSX pointed out that the market value went up by (0.094%) to reach about (RO 23) billion. The report added that the value of shares bought by non-Omani investors reached ...

Audit Institution Conducts Training Programme on Detecting Deception, Fraud

Audit Institution Conducts Training Programme on Detecting Deception, FraudMuscat, 6 Nov (ONA) --- Tasks of a training programme on detecting cheating and fraud kicked off here today. Organized by the State’s Audit Institution (SAI), the 4-day event is being held in cooperation with supreme audit institutions and the Arab Organization for Supreme Audit Institutions (ARABOSAI). It is attended by 35 participants from Arab regulatory bodies and the SAI.The programme, which comes in implementation of the ARABOSAI training and research plan, seeks to enable participants to understand the ...

Regional Cybersecurity Week Kicks off

Regional Cybersecurity Week Kicks off Muscat, 6 Nov (ONA) --- A Regional Cybersecurity Week kicked off today. The event is being held simultaneously with the 10thRegional Cybersecurity Drill for Arab States and Member States in the Organization of Islamic Cooperation (OIC). The two-day event is organized by the Arab Regional Cybersecurity Centre in cooperation with the Ministry of Transport, Communications and Information Technology. As many as 400 specialists from 45 countries are taking part in the event, themed “Overview of Rapidly Developing Cybersecurity ...

MSX Gained 27 Points

MSX Gained 27 Points Muscat, 3 Nov (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (27.4) points, comprising a rise by (0.63%) to close at (4401.57) points, compared to the last session, which stood at (4374.22) points. The trading value today stood at (RO 1,864,312), comprising a surge by (59.1%), compared to the last session, which stood at (RO 1,172,116). The report released by MSX pointed out that the market value went up by (0.195%) to reach about (RO 22.98) billion. The report added that the value of shares bought by non-Omani investors reached ...

Oman Oil Price Declines 1.31 US Dollar

Oman Oil Price Declines 1.31 US DollarMuscat, 3 Nov (ONA) --- Oman oil price (January Delivery 2023) today reached 89.83 US Dollars, comprising a drop by 1.31 US Dollar from the price of yesterday (Wednesday) which stood at 91.14 US Dollars.The average price of Oman oil (November Delivery 2022) has stabilized at 90.80 US Dollars per barrel, thus 6.20 US Dollars per barrel lower than October Delivery 2022. --- Ends/Thuraiya/Anas ...

Repo Rate for Local Banks Increased by 75 Basis Points: CBO

Repo Rate for Local Banks Increased by 75 Basis Points: CBOMuscat, 3 Nov (ONA) —— The US Federal Reserve yesterday raised its key policy rate by 75 basis points to the range of (3.75% - 4.00%) with subsequent hikes to follow this year in order to address the prevailing inflation in the US. The Central Bank of Oman’s (CBO) monetary policy target is to sustain and maintain its fixed exchange rate. This policy is aligned with the structure and nature of the Omani economy.There are a number of advantages for the Sultanate of Oman that are derived from this policy among which are the ...

MSX Declines 16 Points

MSX Declines 16 Points Muscat, 2 Nov (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (16.7) points, comprising a drop by (0.38%) to close at (4374.22) points, compared to the last session, which stood at (4390.89) points. The trading value today stood at (RO 1,172,116), comprising a decline by (18.1%), compared to the last session, which stood at (RO 1,430,515). The report released by MSX pointed out that the market value went down by (0.109%) to reach about (RO 22.93) billion. The report added that the value of shares bought by non-Omani investors ...

ASMED Participates in Global Conference for Nascent Enterprises

ASMED Participates in Global Conference for Nascent Enterprises Lisbon, 2 Nov (ONA)—The Authority for Small and Medium Enterprises (ASMED), represented by a number of startups, is taking part in Web Summit 2022, a major international tech conference being held in Portugal from 1 to 4 November. Through its participation in the global conference, ASMED seeks to showcase Omani nascent enterprises and attract investments for local projects, besides consolidating local startups’ communication with the international entrepreneurship community. Acting in cooperation with ...

German Exports Fall Unexpectedly in September

German Exports Fall Unexpectedly in SeptemberBerlin, 2 Nov (ONA) ---- Germany's exports dropped unexpectedly and imports logged their first fall in eight months in September, official data revealed today. Exports dropped 0.5% month-on-month, Federal Statistical Office of Germany reported. This was followed by a 2.9% rise in August. Shipments were expected to gain 0.1%.At the same time, imports registered a decline of 2.3%, in contrast to a 4.9% rise in August. Imports were forecast to ease 0.4%. This was the first fall since January.As the pace of fall in imports exceeded the decline ...

MoU Inked to Support Research & Innovation in Renewable Energy Projects

MoU Inked to Support Research & Innovation in Renewable Energy Projects Muscat, 2 Nov (ONA) ---- Marafiq of OQ signed today a Memorandum of Understanding (MoU) with the German University of Technology in Oman (GUtech) to explore possible cooperation opportunities between both parties. The MoU provides for the parties to cooperate in areas related to supporting innovation, research and development projects involving GUtech students, enhancing their skills and providing them with training in projects managed by Marafiq in the Special Economic Zone at Duqm. The ...

Oman Oil Price Declines 37 Cents

Oman Oil Price Declines 37 Cents Muscat, 2 Nov (ONA) --- Oman oil price (January Delivery 2023) today reached 91.14 US Dollars, comprising a drop by 37 cents from the price of yesterday (Tuesday) which stood at 91.51 US Dollars. The average price of Oman oil (November Delivery 2022) has stabilized at 90.80 US Dollars per barrel, thus 6.20 US Dollars per barrel lower than October Delivery 2022. --- Ends/Anas ...

Mwasalat Training Institute Merits International Accreditation Certificate on Preventive Driving

Mwasalat Training Institute Merits International Accreditation Certificate on Preventive Driving Muscat, 1 Nov (ONA) --- Mwasalat Training Institute of Oman received the International Accreditation Certificate from the Royal Society for the Prevention of Accidents in the United Kingdom (UK) for the institute’s training programme on second-level preventive driving. The certification affirms Mwasalat Training Institute's commitment to the highest global quality standards in all its training programmes. The Institute pursues a strategic plan to provide world-class ...

MoC Inked to Conduct Feasibility Study on Establishing Industrial Complex in Oman

MoC Inked to Conduct Feasibility Study on Establishing Industrial Complex in Oman Muscat, 1 Nov (ONA) --- The Ministry of Commerce, Industry and Investment Promotion signed a memorandum of cooperation (MoC) with Vale Company to conduct a feasibility study on developing a comprehensive industrial complex in Oman in line with international priorities of reaching net zero carbon emissions by 2050. The MoC was signed by Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion and Rogerio Nogueira, Regional Director for Marketing in Vale Company. The MoC ...