Oman: MSX drops by 9 points
Muscat: Muscat Stock Exchange (MSX) general index (30) on Thursday dropped (9.02) points, comprising a decline by (0.20%) to close at (4564.30) points, compared to the last session, which stood at (4573.33) points.
The trading value stood at (OMR5,504,875), comprising a surge by (182.5%), compared to the last session, which stood at (OMR1,948,884).
The report released by MSX pointed out that the market value went down by (0.059%) to reach about (OMR27.51) billion.
The report added that the value of shares bought by non-Omani investors reached (OMR473,000), comprising (8.59%).
The value of shares sold by non-Omani investors reached (OMR4,173,000), comprising (75.80%). The net non-Omani investment fell by (67.20%) to (OMR3,699,000).
© Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
2 hours ago
- Zawya
World Bank upgrades UAE's 2025 growth forecast to 4.6%, boosted by non-oil sector growth
The World Bank has revised the UAE's GDP forecast to 4.6% in 2025, up 0.6 percentage points from its January projection, with the country's non-oil sector emerging as a 'key contributor' for this growth. The UAE's growth forecast for 2026 has also been revised to 4.9% for 2026, up 0.8 percentage points from January, with the country's oil GDP expected to expand, reflecting a phasing out of OPEC+ decisions, the World Bank said in its latest 'Global Economic Prospects' report. 'Gradual resumption of oil production between May 2025 and September 2026, is expected to support oil GDP growth despite downward pressure on global oil prices,' the World Bank said, adding that the non-oil sector will have a projected expansion of 4.9% in 2025, supported by growth in tourism, construction, transportation, and financial services The momentum will continue into 2027, with a projected GDP growth forecast of 4.9%. According to previous year figures, the UAE recorded robust economic growth in 2024, driven by strong domestic demand, structural reforms, and targeted investments. In 9M 2024 the real GDP expanded 3.7% year-on-year, supported by a 4.5% expansion in the non-oil sector. The growth in 2025 has also been attributed to 'ongoing business climate reforms, infrastructure investments, and governance enhancements,' which have further supported economic diversification and competitiveness,' the report said. 'However, key sectors such as logistics may be impacted by ongoing trade uncertainties and disruptions.' On Tuesday, the bank cut its global growth forecast for 2025 by 0.4 percentage points to 2.3%, saying that higher tariffs and heightened uncertainty posed a 'significant headwind' for nearly all economies. The bank lowered its forecasts for nearly 70% of all economies, including the US, China and Europe, as well as six emerging market regions, but ruled out a global recession. Meanwhile, GCC economies will grow 3.2% for 2025, 4.5% for 2026, and 4.8% for 2027. (Writing by Bindu Rai, editing by Daniel Luiz)
Arabian Post
2 hours ago
- Arabian Post
DXB Slashes Long‑Term Parking Fees Ahead of Busy Summer Season
Dubai International Airport has introduced sharply reduced long‑stay parking rates across all terminals, aiming to ease travel costs and reduce traffic congestion as passenger volumes surge. From 10 to 30 June, motorists can park for three days at AED 100, a week at AED 200, or up to 14 days at AED 300—a significant reduction from regular tariffs. The move addresses growing demand at DXB, where the airport expects to handle over 250,000 passengers daily throughout June. By promoting cleared official parking over short‑stay drop‑offs, operators anticipate smoother terminal entry and departure flows, improving the overall passenger experience. Under standard parking schemes, a single extra day could cost upwards of AED 75 beyond the first 24 hours. With the new rates, three days now cost AED 100, a seven‑day stay AED 200, and a 14‑day period AED 300, offering substantial savings. ADVERTISEMENT Terminals 1 Car Park B, Terminal 2, and Terminal 3 are included in the offer, enabling travellers using any departure point to benefit. Equally, those collecting arriving passengers may park for the same rates, promoting better use of official car parks instead of prolonged waiting on curbside lanes. Airport officials underline that the discount is part of a wider strategy to prepare for one of DXB's busiest periods. The summer schedule often triggers bottlenecks at terminal entrances, especially during peak departure windows. Freeing up curbside lanes by encouraging long‑stay parking is expected to alleviate those issues. DXB is deploying additional digital navigation tools to support this effort. Its DXB Express Maps service offers real‑time wayfinding via QR codes on flight information displays, enabling passengers to locate car parks, check‑in zones, gates, amenities and lounges with minimal confusion. Earlier implementation of Smart Gates for passengers over 12 aims to expedite passport control, further speeding up terminal throughput. Emirates has also reinforced passenger convenience ahead of high travel volumes. The airline continues to promote home collection, early check‑in, and city check‑in services, allowing smoother movement before arriving at DXB. Non‑Emirates travellers are encouraged to arrive no more than three hours before departure and to leverage online check‑in to cut queuing times. Logistics surrounding baggage are also being tightened. Airport guidance strongly urges passengers to weigh bags in advance, assemble travel documents early, and pack spare batteries and power banks in carry‑on luggage only, to avoid delays and security hold‑ups. The multi‑pronged initiative dovetails with broader transport planning efforts in Dubai. The Roads and Transport Authority has extended Metro services to Terminals 1 and 3, providing an effective alternative to private vehicle access and reducing terminal traffic. DXB's passenger figures are at an all‑time high: 23.4 million travellers passed through the airport in the first quarter of 2025, a 1.5 per cent increase year‑on‑year. January alone recorded 8.5 million passengers—an airport record. India remains the leading source market with around 3 million passengers in Q1, followed by Saudi Arabia, the UK, Pakistan, the USA and Germany. At city level, London handled 935,000 travellers, then Riyadh, Jeddah, Mumbai and New Delhi. This rate adjustment forms part of the airport authority's commitment to delivering a friction‑free journey and balancing infrastructure usage. By incentivising pre‑arrival parking, DXB aims to better manage curbside access, enhance passenger comfort, and ensure optimal usage of its parking facilities during peak travel times. In tandem with parking cuts, elaborate service continuity plans are in place. Assistance for passengers with special needs is bolstered through clearly signposted routes, dedicated assistance lounges—such as in Terminal 2—and staff trained with Sunflower pin‑scannable identification. Passengers are also reminded to allow extra time for journeys to the airport, as local roads may experience congestion peaks during busy hours. Officials emphasise that this temporary parking arrangement is a strategic move that aligns with their overarching mission of enhancing passenger flow and travel ease during Dubai's high‑traffic summer season.
Dubai Eye
18 hours ago
- Dubai Eye
Six exchange houses fined AED 12.3 million for regulatory breaches
The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses across the country. The sanctions come after inspections revealed serious breaches of anti-money laundering and counter-terrorism financing regulations. The fines are in line with Federal Decree Law No. 20 of 2018 and reflect ongoing efforts to uphold the integrity of the UAE's financial system. The names of the entities involved have not been disclosed by the authority. CBUAE has emphasised that all exchange houses, their owners and staff must comply with national laws and regulatory standards to ensure transparency. The #CentralBankUAE imposed varying financial sanctions on six exchange houses in the UAE, amounting to AED12,300,000, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations… — Central Bank of the UAE (@centralbankuae) June 10, 2025
