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MSX Gains 7 Points

MSX Gains7PointsMuscat,8Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (7.4) points, comprising a rise by (0.19%) to close at (4696.81) points, compared to the last session, which stood at (4689.42) points.The report released by MSX pointed out that the market value went down by (0.038%) to reach about (RO 24.09) billion.The report added that the value of shares bought by non-Omani investors reached (RO258,000), comprising (0.84%). The value of shares sold by non-Omani investors reached (RO352,000), comprising (1.14%). The net non-Omani investment decreased by ...

Gold Prices Extend Record Rally

Gold Prices Extend Record RallyLondon, 8 Apr (ONA) --- Gold prices extended their record rally today, supported by speculative buying.Spot gold was up 0.3% at $2,335.73 per ounce, after hitting a record high of $2,353.79 earlier in the session.US gold futures gained 0.4% to $2,354.50.Strong central bank buying, safe-haven inflows amid elevated geopolitical risks, and demand from momentum-following funds have fueled bullion's 12% gain so far this year.US job growth blew past expectations in March, suggesting the economy ended the first quarter on solid ground and potentially delaying ...

Oman Oil Price Drops 81 Cents

Oman Oil PriceDrops 81 CentsMuscat,8Apr (ONA) --- Oman oil price (June delivery 2024) today reached 90.09US Dollars, comprising a drop by 81 cents compared to the price of last (Friday), which stood at 90.90 US Dollars.The average price of Oman oil (April delivery 2024) has stabilized at 80.85 US Dollars per barrel, thus 2.10 US Dollar per barrel higher than March delivery 2024.--- Ends/Anas ...

MSX Gains 8 Points

MSX Gains8PointsMuscat, 7 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (8.8) points, comprising a rise by (0.19%) to close at (4689.42) points, compared to the last session, which stood at (4680.67) points.The trading value today stood at (RO 2,151,524), comprising a drop by (17.6%), compared to the last session, which stood at (RO 2,609,571).The report released by MSX pointed out that the market value went up by (0.235%) to reach about (RO 24.09) billion.The report added that the value of shares bought by non-Omani investors reached (RO 103,000), comprising ...

TRA Amends Regulation on Registration, Use of Radio Frequencies, Devices

TRA Amends Regulation on Registration, Use of Radio Frequencies, DevicesMuscat, 7 Apr (ONA) --- The Telecommunications Regulatory Authority (TRA) issued a decision amending some provisions of the Regulation organizing the registration and use of radio frequencies and devices and determining their rates and prices.The decision stems from the Authority’s efforts to efficiently manage natural and national resources and establish a flexible regulatory environment that keeps pace with developments.The decision, which also seeks to facilitate investment in innovative technologies and services, ...

Ministerial Decision Introduces Binding Omani Specifications

Ministerial Decision Introduces Binding Omani SpecificationsMuscat, 7 Apr (ONA) --- The Ministry of Commerce, Industry and Investment Promotion issued Ministerial Decision No. 120/2024 considering the GCC standard specifications for vehicles and motorcycles as binding Omani standard specifications.The decision seeks to ensure compatibility with the latest applicable safety standards and protect consumers and the environment.The abovementioned specifications require parties offering new vehicles for sale to put a fuel consumption data label on all each vehicle/motorcycle for consumers to ...

MSX Drops 17 Points

MSX Drops 17 PointsMuscat, 4 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today dropped (17.2) points, comprising a decline by (0.37%) to close at (4680.67) points, compared to the last session, which stood at (4663.47) points.The trading value today stood at (RO 2,609,571), comprising a drop by (35.6%), compared to the last session, which stood at (RO 4,054,518).The report released by MSX pointed out that the market value went up by (0.175%) to reach about (RO 24.04) billion.The report added that the value of shares bought by non-Omani investors reached (RO 341,000), ...

Asian Shares Gain Momentum

Asian Shares Gain MomentumTokyo, 4 Apr (ONA) --- Several Asian shares gain momentum, asJapan's benchmark Nikkei 225 rose 0.8% to 39,773.14.Sydney's S&P/ASX 200 rose 0.5% to 7,817.30. Korea's Kospi added 1.3% to 2,742.00.In energy trading, benchmark US crude rose 4 cents to $85.47 a barrel. Brent crude, the international standard, gained 7 cents to $89.42 a barrel.In currency trading, the US dollar edged up to 151.70 Japanese yen from 151.65 yen. The euro cost $1.0842, little changed from $1.0837.--- Ends/AG ...

Oman Oil Price Rises 23 Cents

Oman Oil Price Rises23CentsMuscat,4Apr (ONA) --- Oman oil price (June delivery 2024) today reached 89.66US Dollars, comprising a rise by23cents compared to the price of yesterday (Wednesday), which stood at 89.43US Dollars.The average price of Oman oil (April delivery 2024) has stabilized at 80.85 US Dollars per barrel, thus 2.10 US Dollar per barrel higher than March delivery 2024.--- Ends/Anas ...

OIA Announces Social Investment Policy, Launches “Qimam” Platform

OIA Announces Social Investment Policy, Launches “Qimam” PlatformMuscat, 3 Apr (ONA) --- Oman Investment Authority (OIA) today unveiled a “Social Investment Policy” for its subsidiaries and launched a new platform named “Qimam” to handle queries related to local added value.The OIA also launched the second version of a list of mandatory products and services scheduled to be provided by OIA subsidiaries (a total of 251 products and services).The “Social Investment Policy” has a number of objectives:· Ensuring that social investment projects and plans are aligned ...

OQ Group Reports RO 970 Million Profit in 2023

OQ Group Reports RO 970 Million Profit in 2023 Muscat, 3 Apr (ONA) --- OQ, the global integrated energy group, reported a revenue of OMR 13.7 billion, according to the company’s financial results for 2023. OQ’s earnings before interest, taxes, depreciation and amortisation (EBITDA) reached OMR 1.975 billion, while net profit stood at OMR 970 million. This outstanding performance reflects robust operational achievements across the Group's businesses. Key factors included increased production volumes, strong Oman Export Blend (OEB) and refined product prices, operational ...

World Bank: $18.5 Billion Cost of Damage to Critical Infrastructure in Gaza

World Bank: $18.5 Billion Cost of Damage to Critical Infrastructure in Gaza Washington, 3 Apr (ONA) --- The cost of damage to critical infrastructure in Gaza is estimated at around $18.5 billion according to a new report released by the World Bank and the United Nations (UN), with financial support of the European Union (EU). That is equivalent to 97% of the combined GDP of the West Bank and Gaza in 2022. The Interim Damage Assessment report used remote data collection sources to measure damage to physical infrastructure in critical sectors incurred between October 2023 and ...

Eurozone Inflation Slows to 2.4pc

Eurozone Inflation Slows to 2.4pc Brussels, 3 Apr (ONA) --- Eurozone inflation softened in March 2024, flash estimate from Eurostat showed today. The harmonized index of consumer prices (HICP) registered an increase of 2.4% annually, slower than the 2.6% rise in February. Prices were forecast to climb 2.5%. Likewise, core inflation eased to 2.9% in March from 3.1% in the previous month. Among main components, services logged the highest annual rate in March, which grew 4%. Food and tobacco prices gained 2.7% and non-energy industrial goods prices moved up ...

Oman Oil Price Rises 50 Cents

Oman Oil Price Rises 50 Cents Muscat, 3 Apr (ONA) --- Oman oil price (June delivery 2024) today reached 89.43 US Dollars, comprising a rise by 50 cents compared to the price of yesterday (Tuesday), which stood at 88.93 US Dollars. The average price of Oman oil (April delivery 2024) has stabilized at 80.85 US Dollars per barrel, thus 2.10 US Dollar per barrel higher than March delivery 2024. --- Ends/Anas ...

MSX Rises 9 Points

MSX Rises 9 PointsMuscat, 2 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today increased (9.3) points, comprising a rise by (0.20%) to close at (4672.56) points, compared to the last session, which stood at (4663.30) points.The trading value today stood at (RO 5,415,661), comprising a surge by (85.4%), compared to the last session, which stood at (RO 2,920,377).The report released by MSX pointed out that the market value went up by (0.100%) to reach about (RO 24.00) billion.The report added that the value of shares bought by non-Omani investors reached ...

Oman’s Livestock Exports Up By 45 Percent by End of 2023

Oman’s Livestock Exports Up By 45 Percent by End of 2023Muscat, 2 Apr (ONA) --- The value of the Sultanate of Oman’s exports of livestock by the end of 2023 increased by 45 percent to RO 3,206,463, compared to RO 2,217,143 by the end of 2022.The total weight of livestock exported till the end of 2023 stood at 3,363,443 kilogrammes, compared to 2,594,211 kilogrammes by the end of 2022, according to preliminary statistics issued by the National Centre for Statistics and Information (NCSI).Camels topped the list of livestock exports to the tune of RO 1,829,913, followed by mixed ...

OQ Successfully Completes Production Capacity Testing for Its Plastics Complex

OQ Successfully Completes Production Capacity Testing for Its Plastics ComplexMuscat, 2 Apr (ONA) --- OQ, the global integrated energy group, announced the successful completion of the required production capacity testing for the RO 2.7 billion OQ Plastics Complex in accordance with the requirements of local and international bank lenders. The complex exceeded the targeted production capacity according to the required standards. This success resulted from meeting all the requirements for releasing the guarantees allocated by the Government of the Sultanate of Oman to finance ...

Oman Oil Price Rises 1.25 US Dollars

Oman Oil Price Rises 1.25 US DollarsMuscat, 2 Apr (ONA) --- Oman oil price (June delivery 2024) today reached 88.93 US Dollars, comprising a rise by 1.25 US Dollars compared to the price of yesterday (Monday), which stood at 87.68 US Dollars.The average price of Oman oil (April delivery 2024) has stabilized at 80.85 US Dollars per barrel, thus 2.10 US Dollar per barrel higher than March delivery 2024. --- Ends/Thuraiya/Anas ...

Madayn Signs Cooperation Programme to Provide 11 Customs Services in Industrial Cities

Madayn Signs Cooperation Programme to Provide 11 Customs Services in Industrial CitiesMuscat, 1 Apr (ONA) --- The Public Establishment for Industrial Estates (Madayn) today signed a cooperation programme with Al Munasiq customs services company to enhance added value for investors in Madayn industrial cities.The cooperation programme introduces 11 new customs services in industrial cities affiliated to Madayn. The services include the classification of goods shortlisted for new industrial exemptions, customs consultations and follow-up of transaction corrections when authorized by the ...

MSX Rises 27 Points

MSX Rises 27 Points Muscat, 1 Apr (ONA) --- Muscat Stock Exchange (MSX) general index (30) today increased (27.6) points, comprising a rise by (0.60%) to close at (4663.30) points, compared to the last session, which stood at (4635.71) points. The trading value today stood at (RO 2,920,377), comprising a rise by (4.9%), compared to the last session, which stood at (RO 2,781,910). The report released by MSX pointed out that the market value went down by (0.197%) to reach about (RO 23.97) billion. The report added that the value of shares bought by non-Omani investors ...

Tender Results of Government Treasury Bills Worth RO 15 Million Issued

Tender Results of Government Treasury Bills Worth RO 15 Million Issued Muscat, 1 Apr (ONA) --- The total issuance of Government Treasury Bills amounted to RO 15 million. The value of the allotted Treasury bills amounted to RO 5 million, for a maturity period of 28 days. The average accepted price reached RO 99.625 for every RO 100, and the minimum accepted price arrived at RO 99.625 per OMR 100. The average discount rate and the average yield reached 4.88839% and 4.90679%, respectively. Whereas, the value of the allotted Treasury bills amounted to RO 10 million, for a maturity ...

POPS Supervisory Committee Holds First Meeting in 2024

POPS Supervisory Committee Holds First Meeting in 2024Muscat, 1 Apr (ONA) --- HH Sayyid Bilarab bin Haitham Al Said, Honorary President of the Programme of Omani Promising Startups (POPS) today chaired the first meeting of the programme's Supervisory Committee this year. The meeting was attended by representatives of government departments and Omani startups.The committee discussed the initiatives implemented during 2023 and plans to empower the startup sector. The initiatives cover many objectives, including the propagation of the culture of entrepreneurship, studying ...

Oman Oil Price Rises 1.71 US Dollars

Oman Oil Price Rises 1.71 US DollarsMuscat, 1 Apr (ONA) --- Oman oil price (June delivery 2024) today reached 87.68 US Dollars, comprising a rise by 1.71 US Dollars.The average price of Oman oil (April delivery 2024) has stabilized at 80.85 US Dollars per barrel, thus 2.10 US Dollar per barrel higher than March delivery 2024. --- Ends/Thuraiya/Anas ...

MSX Drops 37 Points

MSX Drops 37 PointsMuscat, 31 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today dropped (37.4) points, comprising a decline by (0.80%) to close at (4635.71) points, compared to the last session, which stood at (4673.13) points.The trading value today stood at (RO 2,781,910), comprising a drop by (31.5 %), compared to the last session, which stood at (RO 4,060,199).The report released by MSX pointed out that the market value went down by (0.132%) to reach about (RO 23.92) billion.The report added that the value of shares bought by non-Omani investors reached ...

Tender Awarded for Consultancy Services in Al Dhahirah Integrated Economic Zone

Tender Awarded for Consultancy Services in Al Dhahirah Integrated Economic ZoneMuscat, 31 Mar (ONA) --- The Public Authority for Special Economic Zones and Free Zones (OPAZ) has awarded a consortium of an Omani and a Saudi companies a tender to provide consulting services (design and supervision of infrastructure facilities) for the first phase of Al Dhahirah Governorate's Integrated Economic Zone.The first phase of the project has an area of 20 square kilometres, of which 6.5 square kilometres will be implemented as a preliminary phase that includes a land port to be managed and ...

Economy Minister Receives UNFPA Representative to GCC Countries

Economy Minister Receives UNFPA Representative to GCC Countries Muscat, 31 Mar (ONA) --- Dr. Said Mohammed Al Saqri, Minister of Economy today received Karl Kulessa, Country Representative of the United Nations Population Fund (UNFPA) to the Gulf Cooperation Council (GCC) states. The meeting discussed the programme and work undertaken by the fund during the current period in Oman and the GCC countries. It also touched on the reports that are being prepared by the fund. Moreover, the meeting reviewed challenges and opportunities arising from population growth (both Omanis ...

Integrity, Independence of Financial Sector in Oman Secured by Financial Services Authority

Integrity, Independence of Financial Sector in Oman Secured by Financial Services AuthorityMuscat, 31 Mar (ONA) --- The establishment of the Financial Services Authority (FSA) pursuant to Royal Decree No. 20/2024 constituted a safeguard to integrity and independence of the financial sector in the Sultanate of Oman, said the FSA in a statement at press conference held earlier today.The decree also promulgated the system of functioning of the FSA by expanding its mission and enabling it to supervise accounting and auditing procedures and oversee the operations of the capital market and ...

Electricity Production Increases 14.1pc by End of Jan 2024

Electricity Production Increases 14.1pc by End of Jan 2024 Muscat, 31 Mar (ONA) --- The Sultanate of Oman’s total production of electricity till the end of January 2024 recorded a rise by 14.1% to reach 2609.3 GW per hour compared to 2287.2 GW per hour during the corresponding period in 2023, according to the data released by the National Centre for Statistics and Information (NCSI). Statistics indicate that the governorates of North Al Batinah, South Al Batinah and A’Dhahirah recorded a total production capacity of 1660.1 GW per hour. The total production in the ...

MSX Drops 37 Points

MSX Drops 37 PointsMuscat, 28 Mar (ONA) --- Muscat Stock Exchange (MSX) general index (30) today dropped (37.7) points, comprising a decline by (0.80%) to close at (4673.13) points, compared to the last session, which stood at (4710.79) points.The trading value today stood at (RO 4,060,199), comprising a drop by (18.6 %), compared to the last session, which stood at (RO 4,986,343).The report released by MSX pointed out that the market value went down by (0.118%) to reach about (RO 23.96) billion.The report added that the value of shares bought by non-Omani investors reached (RO 679,000), ...

Economy Minister Confers with ESCWA Delegation Visiting Oman

Economy Minister Confers with ESCWA Delegation Visiting Oman Muscat, 28 Mar (ONA)--- Dr. Said Mohammed Al Saqri, Minister of Economy held a meeting today with Dr. Rola Dashti, Executive Secretary of the United Nations Economic and Social Commission for Western Asia (ESCWA), as part of the current visit of the ESCWA delegation to the Sultanate of Oman. During the meeting, the two sides discussed areas of cooperation between the Ministry of Economy and ESCWA, including support for the "Governorates Development Index" project, the mid-term evaluation of the 10th Five-Year Plan (2021-2025) ...