Muscat, Oman Investment Authority (OIA) began the exit process from Oman Cement Company, in which the authority owns a majority share, to a strategic foreign investor “Huaxin Cement Company Ltd”.Ibrahim Said Al Eisri, Director of Private Equity at OIA …
Read moreCategory: Business
MSX Gains 31 Points
Muscat, Muscat Stock Exchange (MSX) general index (30) today gained (31.7) points, comprising a rise by (0.65%) to close at (4894.01) points, compared to the last session, which stood at (4862.32) points.The trading value today stood at (RO 4,540,751),…
Read moreState Budget Achieves RO 145 Million Surplus
Muscat, The State Budget achieved a surplus of RO 145 million at the of January 2023, compared to a surplus of RO 18 million registered over the same period in 2022, according to the Fiscal Performance Monthly Bulletin published by the Ministry of Fina…
Read moreActivities of Oman Sustainability Week Kick off
Muscat, Activities of Oman Sustainability Week 2023 kicked off today at Oman Convention and Exhibition Centre (OCEC).The event, which is expected to attract 7,000 participants and over 100 speakers, aims to increase awareness on issues related to susta…
Read moreOman Oil Price Rises 2.17 US Dollars
Muscat, Oman oil price (May Delivery) today reached 82.46 US Dollars, comprising a rise by 2.17 US Dollars from the price of last (Friday), which was 80.29 US Dollars.The average price of Oman oil (March Delivery) has stabilized at 80.92 US Dollars per…
Read moreReal Estate Development Conference, Oman Design and Build Week 2023 Kick off
Muscat, Activities of the Real Estate Development Conference and Oman Design and Build Week 2023 kicked off today at Oman Convention and Exhibition Centre (OCEC) under the patronage of HH Sayyid Asa’ad bin Tarik Al Said, Deputy Prime Minister for Inter…
Read moreMSX Gains 12 Points
Muscat, Muscat Stock Exchange (MSX) general index (30) today gained (12.8) points, comprising a rise by (0.26%) to close at (4862.32) points, compared to the last session, which stood at (4849.54) points.The trading value today stood at (RO 4,186,716),…
Read moreProduction of Electricity, Water by December 2022 Increases
Muscat, The Sultanate of Oman’s total production of electricity increased by 8.1 percent till the end of December 2022 to reach 41,747.4 GW per hour compared to 38,630.4 GW during the corresponding period in 2021, according to the latest data issued by…
Read more