News

Next Week's EDF to Explore Green Industry Strategies, Emerging Energy Trends Duqm, 10 Oct (ONA) --- The future of green industries, developing trends in the renewable energy sector, and the most significant projects being carried out in the region in this sector will be covered at the Duqm Economic Forum (DEF), which will take place on 16 and 17 October 2023 in the Special Economic Zone at Duqm (SEZAD). As many as 300 experts, professionals, and officials from the public and commercial sectors are expected to attend the forum, which is organized by the Public Authority ...

Oman Explores Enhancing Trade, Economic Cooperation with EU Muscat, 10 Oct (ONA) --- Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, met separately in Muscat today Olivier Bechet, Minister Delegate for Foreign Trade, Economic Attractiveness and French Nationals Abroad, Peter Szijjártó, Minister of Foreign Affairs and Trade of Hungary, and Maria Tripodi, Undersecretary of State to the Ministry of Foreign Affairs and International Cooperation of Italy. The meetings were held on the sidelines of the 27th meeting of the Joint GCC-EU Ministerial ...

Oman Organizes Forum on Supporting Innovation in Use of Sustainable Aviation FuelMuscat, 10 Oct (ONA) --- A forum for supporting the use of clean energy in the aviation sector kicked off at the premises of the Civil Aviation Authority (CAA) today. More than 150 specialists are attending the two-day forum titled “Forum of Innovation Support in Sustainable and Low-Carbon Aviation Fuel and Clean Energy in the Aviation Sector”. The opening ceremony was held under the auspices of Eng. Salim Nasser Al Awfi, Minister of Energy and Minerals.The forum seeks to enhance public ...

MSX Rises 16 PointsMuscat, 10 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (16.8) points, comprising a rise by (0.35%) to close at (4768.28) points, compared to the last session, which stood at (4751.51) points.The trading value today stood at (RO 2,869,421), comprising a rise by (90.7%), compared to the last session, which stood at (RO 1,504,772).The report released by MSX pointed out that the market value went up by (0.281%) to reach about (RO 23.66) billion.The report added that the value of shares bought by non-Omani investors reached (RO 58,000), ...

Oman Oil Price Rises 1.40 US DollarMuscat, 10 Oct (ONA) --- Oman oil price (December delivery 2023) today reached 88.50 US Dollars, comprising a rise by 1.40 US Dollar from the price of yesterday (Monday), which stood at 87.10 US Dollars.The average price of Oman oil (October delivery 2023) has stabilized at 86.57 US Dollars per barrel, thus 6.03 US Dollars per barrel higher than September delivery 2023.--- Ends/Thuraiya/KH ...

OPAZ Launches Package of New Digital Services at SEZADMuscat, 9 Oct (ONA) --- The Public Authority for Special Economic Zones and Free Zones (OPAZ) has announced the launch of a package of new digital services in the portal of the Special Economic Zone in Duqm (SEZAD). The project constitutes a step forward in the digital transition plan that OPAZ is implementing at economic zones, free zones and industrial cities under its supervision, with focus on automating investor-related procedures. The package covers nine services in the construction sector. These include the issuance ...

Middle East Capital Markets Communication Forum 2023 Kicks offMuscat, 9 Oct (ONA) --- The Middle East Capital Markets Communication Forum 2023 kicked off in Muscat today. Hosted by Muscat Stock Exchange (MSX), the two-day forum explores regional investments, developments and challenges that impact financial markets.The opening ceremony was held under the auspices of Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion.The forum constitutes a major opportunity to enhance investment and communication between relevant institutions, with special emphasis on ...

Tender Results of Government Treasury Bills Worth RO 18 Million Issued Muscat, 9 Oct (ONA) --- The total issuance of Government Treasury Bills amounted RO 18 million for a maturity period of 91 days. The average accepted price reached RO 98.686 for every RO 100, and the minimum accepted price arrived at RO 98.680 per RO 100. The average discount rate and the average yield reached 5.27111% and 5.34130%, respectively. Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity ...

MSX Rises 9 PointsMuscat, 9 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (9.7) points, comprising a rise by (0.21%) to close at (4751.51) points, compared to the last session, which stood at (4741.78) points.The trading value today stood at (RO 1,504,772), comprising a drop by (41.6%), compared to the last session, which stood at (RO 2,578,278).The report released by MSX pointed out that the market value went down by (0.005%) to reach about (RO 23.59) billion.The report added that the value of shares bought by non-Omani investors reached (RO 41,000), ...

Marafiq Achieves Global First Recognition, Leads Sustainability Charge in Oman for Water Conservation Dubai, 9 Oct (ONA) --- Marafiq, a joint venture owned by OQ, a subsidiary of Oman Investment Authority (OIA), cemented its position as a sustainability leader by winning the prestigious Integrated Utilities Company of the Year award at the World Economic News Network's Sustainability Innovation Award 2023. This award recognition that identifies sustainability-focused innovative projects in the Middle East validates Marafiq's ambitious ESG (environmental, social ...

OMRAN Group Launches Leadership Development Academy Muscat, 9 Oct (ONA) --- As part of its ongoing endeavours to empower national competencies and enhance their skills and experiences in the tourism sector, Oman Tourism Development Company (OMRAN Group) announced the launch of the first of a kind "Leadership Development Academy" and introduced its programmes (SHIFT & LIFT) at Oman Convention and Exhibition Centre (OCEC). The Oman’s Leadership Development Academy serves as a platform to enhance leadership skills of the local competencies and foster a motivating professional ...

Oman Oil Price Rises 2.35 US DollarsMuscat, 9 Oct (ONA) --- Oman oil price (October delivery 2023) today reached 87.10 US Dollars, comprising a rise by 2.35 US Dollars from the price of last (Friday), which stood at 84.75 US Dollars.The average price of Oman oil (October delivery 2023) has stabilized at 86.57 US Dollars per barrel, thus 6.03 US Dollars per barrel higher than September delivery 2023. --- Ends/Thuraiya/Anas ...

MSX Rises 6 PointsMuscat, 8 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (6.8) points, comprising a rise by (0.14%) to close at (4741.78) points, compared to the last session, which stood at (4734.99) points.The trading value today stood at (RO 2,578,278), comprising a rise by (11.5%), compared to the last session, which stood at (RO 2,313,255).The report released by MSX pointed out that the market value went up by (0.031%) to reach about (RO 23.60) billion.The report added that the value of shares bought by non-Omani investors reached (RO 34,000), ...

Transport Ministry Unveils Executive Programme of Oman Logistics Centre Muscat, 8 Oct (ONA) --- The Ministry of Transport, Communications and Information Technology unveiled the executive programme for Oman Logistics Centre 2023-2025. The programme aims to increase the value of investments and economic diversification in the transportation and logistics sector.The executive programme for the transport and logistics sector targets several areas, including the private sector, investments, international cooperation, economic diversification, financial sustainability, the labour market ...

Oxy Oman Celebrates Graduation of 130 Engineers, Geoscientists Muscat, 8 Oct (ONA) ---- Oxy Oman today celebrated the graduation of 130 engineers and geoscientists from the company’s Engineering and Geoscientists Fresh Graduates Development Program. The three-year program provides new technical fresh graduate hires with curricula and courses designed to enhance their technical skills and expertise as they begin their careers at Oxy Oman. The event was held under the auspices of Mohsin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals. ...

Over 47K Certificates of Origin Issued During H1 2023 Muscat, 8 Oct (ONA) ---- The number of certificates of origin for local products exported to the GCC countries, the Arab countries, the EFTA countries, and the Republic of Singapore during the first half of 2023 reached (47,736), according to statistics issued by the Ministry of Commerce, Industry and Investment Promotion. The Ministry of Commerce, Industry and Investment Promotion calls on owners of national establishments, including Omani entrepreneurs, small and medium enterprises, Omani and non-Omani investors, ...

Transactions Completed Through Invest Easy Portal Increase 187% in Q2 2023 Muscat, 8 Oct (ONA) ---- The number of transactions completed during the second quarter of 2023 through the “Invest Easy” portal, the front offices of the Ministry of Commerce, Industry and Investment Promotion, the Ministry’s departments and directorates, the free zones (Sohar - Duqm - Al Mazyona), advocated offices and through service provision offices (Sanad) increased by 187.6% to stand at (187,775) transactions, compared to (159,968) transactions completed during the same period last ...

Oman Chairs 7th Meeting of GCC Ministers of Tourism Manah, 5 Oct (ONA)-- The Sultanate of Oman, represented by the Ministry of Heritage and Tourism, today chaired the seventh meeting of GCC ministers of tourism. The meeting was at “Oman Across the Ages Museum” in the Wilayat of Manah, Governorate of A’Dakhiliyah. Salim Mohammed Al Mahrouqi, Minister of Heritage and Tourism, delivered a speech in which he said that the meeting aims at enhancing cooperation, integration and empowerment for the tourism development march. Towards this objectives, the ministers espoused ...

MSX Rises 1 Point Muscat, 5 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today gained (1.7) point, comprising a rise by (0.04%) to close at (4734.99) points, compared to the last session, which stood at (4733.33) points. The trading value today stood at (RO 2,313,255), comprising a drop by (3.3%), compared to the last session, which stood at (RO 2,392,167). The report released by MSX pointed out that the market value went up by (0.014%) to reach about (RO 23.59) billion. The report added that the value of shares bought by non-Omani investors reached ...

GCC Financial, Economic Cooperation Committee Holds 120th Meeting in MuscatMuscat, 5 Oct (ONA) --- The GCC Financial and Economic Cooperation Committee today held its 120th meeting in Muscat under the chairmanship of Finance Minister Sultan Salim Al Habsi. The meeting was attended by GCC Ministers of Finance and Economy.The meeting discussed the outcome of different meetings, including those of the GCC Central Bank Governors’ Committee, the GCC Customs Union Authority, the GCC Common Market Committee and the team tasked with analyzing G20 meetings. The meeting also looked into ...

Oman Oil Price Declines 4.43 US Dollars Muscat, 5 Oct (ONA) --- Oman oil price (December delivery 2023) today reached 86.25 US Dollars, comprising a decline by 4.43 US Dollars from the price of yesterday (Wednesday), which stood at 90.68 US Dollars. The average price of Oman oil (October delivery 2023) has stabilized at 86.57 US Dollars per barrel, thus 6.03 US Dollars per barrel higher than September delivery 2023. --- Ends/Anas ...

GCC Tourism Undersecretaries Discuss Region’s Strategy, Unified VisaManah, 4 Oct (ONA) --- GCC tourism undersecretaries today held their 7th meeting of 2023 at “Oman Across Ages Museum” in the Wilayat of Manah, Governorate of Al Dakhiliyah.The officials discussed the GCC tourism strategy, the unified GCC tourist visa, tourism guidebook and one-stop platform.Azzan Qasim Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism for Tourism, said that the meeting was aimed at exploring optimum ways of utilizing opportunities and capabilities of GCC ...

Oman-Germany Forum Explores Boosting Business Relations Muscat, 4 Oct (ONA) --- Oman Chamber of Commerce and Industry (OCCI) organized here today the Oman-Germany Business Forum. The forum focuses on several sectors, namely transport, logistics, renewable energy, tourism, real estate, construction, petrochemicals, health and advocacy. On the sidelines of the forum, several B2B meetings were held between Omani and German businesspeople. Those meetings aimed at boosting cooperation and enhancing business relations, as well as exchanging expertise and information. ...

Oman Participates in Meeting of Arab Institute for Training and Research in Statistics Jeddah, 4 Oct (ONA) --- The Sultanate of Oman, represented by the National Centre for Statistics and Information (NCSI), took part today in the 48th meeting of the Board of Trustees of the Arab Institute for Training and Research in Statistics (AITRS), held in Jeddah, the Kingdom of Saudi Arabia (KSA). The meeting reviewed a range of topics, including the action plans for 2024 and 2025 as per the needs of statistics departments and the initiatives of partnered organizations. It also ...

Forum Recommends Adopting National ICV Strategy Muscat, 4 Oct (ONA) --- Oman In-Country Value Forum was held here today under the slogan “Productivity and Mechanisms of Achieving Balance”. The opening ceremony was held under the patronage of Dr. Said Mohammed Al Saqri, Minister of Economy. The forum explored means of establishing new foundations for In-Country Value (ICV) programmes and specifying determinants in a bid to achieve maximum benefit in various development fields. The forum, organized by Al Roya Newspaper, highlighted the experiences of ...

First Phase of Sorouh Project Completed in Barka Barka, 4 Oct (ONA)--- The Ministry of Housing and Urban Planning announced the completion of the first phase of Sorouh project, named “Al Naseem”, in the Wilayat of Barka, Governorate of South Al Batinah. Al Naseem neighborhood covers an area of 350,000 sqm. Ten percent of the first phase of Al Naseem was sold out, with 10 title deeds handed over to those eligible to the properties, said Eng. Wissama Nasser Al Harbi, Director of Integrated Residential Neighborhoods Department at the Ministry of Housing and Urban Planning. Al ...

MSX Drops 6 Points Muscat, 4 Oct (ONA) --- Muscat Stock Exchange (MSX) general index (30) today lost (6.3) points, comprising a drop by (0.13%) to close at (4733.33) points, compared to the last session, which stood at (4739.61) points.The trading value today stood at (RO 2,392,167), comprising a surge by (93.5%), compared to the last session, which stood at (RO 1,236,032).The report released by MSX pointed out that the market value went down by (0.032%) to reach about (RO 23.58) billion.The report added that the value of shares bought by non-Omani investors reached (RO 29,000), ...

OQGN Initial Public Offering Ends Tomorrow Muscat, 4 Oct (ONA) --- The Initial Public Offering of OQ Gas Networks (OQGN) ends tomorrow (Thursday) for the second category of individual investors. The company floated about 636,601,716 shares for this category. This represents 30% of the total floated stocks (2,122,005,720 shares). The price range of this category was set at about 126 Baizas per share. The IPO for the first category (corporate entities) ends on October 9, 2023. The company floated about 848,802,288 shares for this category, which constitutes 40% of the ...

Project to Link Masirah Island with OETC Transmission Network Masirah, 4 Oct (ONA) --- Oman Electricity Transmission Company (OETC) is set to embark on a strategic project to link the island of Masirah to OETC’s Transmission Network through a 35-km submarine cable with a voltage of 132 kilovolts and 60 kilometers of overhead power transmission lines. The project aligns with Oman Vision 2040 that aims to achieve carbon neutrality by marking a significant step towards reducing carbon emissions. The connection will extend from the Mahout substation of 400/33 kilovolts to the ...

Oman Oil Price Declines 33 Cents Muscat, 4 Oct (ONA) --- Oman oil price (December delivery 2023) today reached 90.68 US Dollars, comprising a decline by 33 cents from the price of yesterday (Tuesday), which stood at 91 US Dollars. The average price of Oman oil (October delivery 2023) has stabilized at 86.57 US Dollars per barrel, thus 6.03 US Dollars per barrel higher than September delivery 2023. --- Ends/Anas ...