Latest news with #OMR1
Times of Oman
30-04-2025
- Business
- Times of Oman
Now park your vehicle at Oman airports for OMR1 daily
Muscat: In celebration of Logistics Day, Oman Airports has announced the extension of its long-term parking offer, with the fee being charged just OMR1 per day, from April 30 to September 30, 2025, in line with the autumn season. On the sidelines of the 2025 Logistics Day celebration, Oman Airports and its subsidiaries announced the launch of a series of new initiatives to support and enhance the logistics sector in the Sultanate. Oman Airports' initiatives span multiple areas, most notably extending the special offer for long-term parking, at the cost of only OMR 1 per day, from April 30 to September 30, 2025, in line with the autumn season. Oman Airports also announced various offers and discounts through the "Souq Oman" store for local products, including dates and Omani sweets. A "shop and collect" service has also been introduced at the duty-free market, enabling passengers to shop online and collect their purchases before takeoff or upon arrival. As for the initiatives of the companies affiliated with Oman Airports, Transom Handling offered a 5 percent discount on entry fees to the Majan Lounge at Muscat International Airport during the period from April 30 to May 29, 2025. Oman SATS also offered a 50 percent discount to freight forwarders on exports of perishable shipments at Muscat International Airport, to support the Sultanate's agricultural and fisheries sectors. In the same context, and in line with our vision to enhance the Sultanate of Oman's position as a logistics hub, Oman SATS offers a 50 percent discount on re-exported (transit) shipments via Muscat International Airport. The Sultanate of Oman celebrates Logistics Day 2025 as a fundamental pillar for achieving Oman Vision 2040 for economic diversification, and as an affirmation of the importance of the sector and its fundamental and pivotal role in strengthening the national economy. The logistics sector's contribution to the GDP in 2024 amounted to approximately OMR 2.25 billion, while the volume of investment in the logistics sector in 2024 amounted to approximately OMR 2.3 billion. The expected contribution of the logistics sector in 2040 will amount to approximately OMR 36 billion.
Zawya
17-03-2025
- Business
- Zawya
Oman: ahli Global Equity Fund delivers 10.6% return for 2024, maintains optimistic outlook for 2025
Muscat: In line with its continued commitment to delivering value, ahlibank announced a 10.6% return for its flagship ahli Global Equity Fund in 2024. The Fund, regulated by the Financial Services Authority (FSA), continues to provide exposure to both GCC and Global markets, reinforcing its position as a trusted platform for long-term capital growth. The Fund's strength lies in its strategic diversification across key sectors, including financial services, technology, energy, real estate, and industrials. This approach is complemented by a focus on long-term capital appreciation, driven by investments in high-quality stocks with sustainable competitive advantages. Over the past three years, the Fund has delivered consistent positive returns, sustaining double-digit compounded growth, making it a preferred choice for investors in Oman. ahlibank remains steadfast in its focus on GCC markets—particularly Saudi Arabia, the UAE, Qatar, and Oman—while selectively capitalising on opportunities in the US, China, and other emerging markets. The Fund's outlook is bolstered by strategic investments in energy, renewables, and tourism across key markets. Meanwhile, the team remains vigilant about potential volatility driven by geopolitical tensions, monetary policy shifts, and macroeconomic uncertainties, emphasising a balanced approach and selectivity in high-quality names with strong fundamentals. Speaking on the Fund's performance, Hanaa Al Kharusi, Chairperson of ahli Global Equity Fund, remarked, 'Our disciplined, bottom-up investment process allows the Fund to navigate volatility and seize emerging opportunities. At ahlibank, our commitment to delivering exceptional value drives all that we do. The ahli Global Equity Fund reflects this by generating superior returns through strategic investments. We extend our gratitude to our investors and stakeholders for their continued support and encourage them to harness the Fund's potential for long-term growth and financial prosperity.' Building on this strong foundation, the Fund offers accessible entry points for investors, allowing participation with a minimum investment of around OMR1,000. Incremental investments of 100 units through the Systematic Investment Plan (SIP) further enhance its flexibility, catering to both seasoned investors and newcomers alike. Beyond accessibility, the Fund's appeal is strengthened by its investments in emerging markets and Initial Public Offerings (IPOs). This alignment with global growth trends broadens its market reach and positions it as a forward-looking investment vehicle. With an actively managed approach, the Fund leverages the expertise of a professional management team that skillfully adapts to changing market dynamics. Poised to capitalise on global economic growth, the ahli Global Equity Fund employs proven strategy to delivering superior risk-adjusted returns for our investors. As a trusted partner in Wealth & Asset Management, ahlibank remains committed to redefining the investment landscape and driving economic progress within the Sultanate. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
15-03-2025
- Business
- Times of Oman
ahli Global Equity Fund delivers 10.6% return for 2024, maintains optimistic outlook for 2025
Muscat: In line with its continued commitment to delivering value, ahlibank announced a 10.6% return for its flagship ahli Global Equity Fund in 2024. The Fund, regulated by the Financial Services Authority (FSA), continues to provide exposure to both GCC and Global markets, reinforcing its position as a trusted platform for long-term capital growth. The Fund's strength lies in its strategic diversification across key sectors, including financial services, technology, energy, real estate, and industrials. This approach is complemented by a focus on long-term capital appreciation, driven by investments in high-quality stocks with sustainable competitive advantages. Over the past three years, the Fund has delivered consistent positive returns, sustaining double-digit compounded growth, making it a preferred choice for investors in Oman. ahlibank remains steadfast in its focus on GCC markets—particularly Saudi Arabia, the UAE, Qatar, and Oman—while selectively capitalising on opportunities in the US, China, and other emerging markets. The Fund's outlook is bolstered by strategic investments in energy, renewables, and tourism across key markets. Meanwhile, the team remains vigilant about potential volatility driven by geopolitical tensions, monetary policy shifts, and macroeconomic uncertainties, emphasising a balanced approach and selectivity in high-quality names with strong fundamentals. Speaking on the Fund's performance, Hanaa Al Kharusi, Chairperson of ahli Global Equity Fund, remarked, 'Our disciplined, bottom-up investment process allows the Fund to navigate volatility and seize emerging opportunities. At ahlibank, our commitment to delivering exceptional value drives all that we do. The ahli Global Equity Fund reflects this by generating superior returns through strategic investments. We extend our gratitude to our investors and stakeholders for their continued support and encourage them to harness the Fund's potential for long-term growth and financial prosperity.' Building on this strong foundation, the Fund offers accessible entry points for investors, allowing participation with a minimum investment of around OMR1,000. Incremental investments of 100 units through the Systematic Investment Plan (SIP) further enhance its flexibility, catering to both seasoned investors and newcomers alike. Beyond accessibility, the Fund's appeal is strengthened by its investments in emerging markets and Initial Public Offerings (IPOs). This alignment with global growth trends broadens its market reach and positions it as a forward-looking investment vehicle. With an actively managed approach, the Fund leverages the expertise of a professional management team that skillfully adapts to changing market dynamics. Poised to capitalise on global economic growth, the ahli Global Equity Fund employs proven strategy to delivering superior risk-adjusted returns for our investors. As a trusted partner in Wealth & Asset Management, ahlibank remains committed to redefining the investment landscape and driving economic progress within the Sultanate.
Zawya
11-02-2025
- Business
- Zawya
Oman's real estate market surges by 29.6%
Muscat: The total value of real estate trading in the Sultanate of Oman recorded an increase of 29.6 percent, reaching OMR3.37 billion by the end of December 2024, compared to OMR2.60 billion during the same period in 2023. Preliminary statistics issued by the National Centre for Statistics and Information (NCSI) indicated that the fees collected for all legal transactions amounted to OMR69 million, an increase of 6.4 percent compared to the end of December 2023. The traded value of sales contracts amounted to OMR1,094.9 million by the end of November 2024, an increase of 4.8 percent, while the total sales contracts reached 13,668, an increase of 3.8 percent. The traded value of mortgage contracts increased by 46.4 percent, recording OMR2,271.9 million for 20,680 contracts, while the number of exchange contracts reached 1,325 with a value of OMR13.1 million. The number of title deeds issued by the end of December 2024 amounted to about 233,345, a decrease of 0.9 percent, while the number of title deeds issued for the GCC citizens amounted to 1,447, an increase of 10 percent. © Muscat Media Group Provided by SyndiGate Media Inc. ( Times of Oman
Times of Oman
10-02-2025
- Business
- Times of Oman
Oman's real estate market surges by 29.6% to OMR3.3bn
Muscat: The total value of real estate trading in the Sultanate of Oman recorded an increase of 29.6 percent, reaching OMR3.37 billion by the end of December 2024, compared to OMR2.60 billion during the same period in 2023. Preliminary statistics issued by the National Centre for Statistics and Information (NCSI) indicated that the fees collected for all legal transactions amounted to OMR69 million, an increase of 6.4 percent compared to the end of December 2023. The traded value of sales contracts amounted to OMR1,094.9 million by the end of November 2024, an increase of 4.8 percent, while the total sales contracts reached 13,668, an increase of 3.8 percent. The traded value of mortgage contracts increased by 46.4 percent, recording OMR2,271.9 million for 20,680 contracts, while the number of exchange contracts reached 1,325 with a value of OMR13.1 million. The number of title deeds issued by the end of December 2024 amounted to about 233,345, a decrease of 0.9 percent, while the number of title deeds issued for the GCC citizens amounted to 1,447, an increase of 10 percent.
