Muscat: Port and Freezone today signed a land lease agreement with Pharma Investment Group (IMGSA – Free Zone Company) to establish a factory for producing medicines and medical supplies over an area of 40,000 square meters in Sohar Freezone, with investments totaling approximately RO 7.7 million (USD 20 million). According
Muscat: The Sultanate of Oman today hosted the 66th meeting of the Technical Committee of the Islamic Financial Services Board (IFSB), which includes representatives from 18 countries. Chaired by the Central Bank of Oman (CBO), the meeting discussed topics related to Islamic finance and ways to develop the Islamic financial
Muscat: The total issuance of Government Treasury Bills amounted to RO 34 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 99.760 for every RO 100, and the minimum accepted price arrived at
Muscat: Muscat Stock Exchange (MSX) 30 Index concluded today’s trading session at 5,674.93 points, registering a gain of 40.8 points, equivalent to 0.72 percent, from its previous close of 5,634.11 points. Trading activity witnessed a decline, with total market turnover reaching RO 42,188,650, representing a decrease of 11.5 percent compared
Muscat: The US dollar strengthened today to a near three-month high as investors awaited a series of economic data releases this week to gauge the outlook for the US economy and assess whether it could influence the Federal Reserve’s policy stance. The Japanese yen remained under pressure, hovering near an
Muscat: Gold prices declined today, weighed down by a stronger US dollar as investors scaled back expectations for further Federal Reserve interest rate cuts. Spot gold fell 0.8% to $3,968.76 per ounce, while US gold futures for December delivery slipped 0.5% to $3,978.30 per ounce. According to Oman News Agency,
Muscat: HH Sayyid Bilarab bin Haitham Al Said today presided over the launch of the Alternative Investment Market (AIM) at the Muscat Stock Exchange (MSX). This initiative is part of an integrated partnership with the National Programme for Financial Sustainability and Financial Sector Development ‘Estidamah’, along with several government entities
Istanbul: The Sultanate of Oman participated in the 41st Ministerial Session of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organisation of Islamic Cooperation (OIC), held in Istanbul, Republic of Trkiye. The Omani delegation to the session was headed by Dr. Said Mohammed Al Saqri, Minister of
El Eulma:Algeria The Sultanate of Oman is showcasing its cinematic talent at the Algeria International Contemporary Cinema Days with its short film “Beta Carotene.” Directed by Mohammed Al Daroushi, the film is part of the inaugural events taking plac…
Muscat:The Sultanate of Oman participated in a preparatory meeting of Undersecretaries of Ministries of Culture from GCC states. This meeting, conducted via video conference, served as groundwork for the upcoming 30th meeting of GCC Ministers of Cultu…
Muscat:The Otology and Ear Surgery team at the University Medical City has successfully completed the first middle ear hearing implant surgery in the Sultanate of Oman. This two-hour operation has restored hearing for a female patient who had been suf…
Muscat:Cultural relations between the Sultanate of Oman and the People’s Republic of China trace back to a rich history of civilizational contact, characterized by commercial exchange and people-to-people interactions. Ancient maritime trade routes fa…
Muscat:His Majesty Sultan Haitham bin Tarik departed this morning for the People’s Republic of China on a two-day state visit. The visit comes in response to an invitation from President Xi Jinping of China.
According to Oman News Agency, His Majest…
