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Muscat Stock Exchange (MSX) observed a notable upswing in trading activity with a total of OMR36.9 Million Trading Value. Due to the surge in trading value, the activity and confidence within Oman’s financial market increased. Muscat Stock Exchange (MSX) is a platform to buy and sell securities for individuals. Similarly, stocks, financial instruments bonds, etc. MSX is like a country’s barometer for investor sentiment and economic health. The increase in trading value reflects the vibrancy of the Capital market of Oman. This also indicates the level of participation and engagement of investors. As the economic conditions of the Omani market evolve and investment opportunities are on the boost, investors actively trade. Additionally, higher trading value increases efficiency and enhances the confidence of investors. The Rise in MSX, Statistical Figures Muscat Stock Exchange (MSX) increased almost OMR 36.9 million during the week. While during the previous week the value of MSX was OMR 19.4 million. Due to the rise in index value investors benefited from having a share in leading companies in the communication and banking sectors. Additionally, the a rise in trading in sukuk and the bond market. Statistical data indicates an increase in trading Omantel shares. The trade witnessed worth OMR6.8 million which is 18.4% of the total trade volume. As per Bank Muscat Trade volume is worth OMR 6.2 million moreover, Al Nahda Services is worth trade OMR 4 million. The trading value of Sohar International Bank is worth OMR 3.5 million. The Ooredoo ranked OMR 2.5 million and these companies worth 63% of the total trading volume. Because of the increased demand for the share of these companies, other local companies strengthen their portfolios and are focused on the share of leading companies. The first quarter’s results indicate a boost in performance and profit. Funds and purchases through local investment institutions are about 77% of the total trading volume. In comparison to the trade value of the previous week which was 75.8%. Investors aiming the positive performance of public joint stock firms on the stock exchange. The amount of 38 securities fell; significantly the free finance bond fell 30% and closed at 70 bases. For Oman Flor Mills stock declined 105 and closed at OMR 3.83. The declines led to a fall in securities of market capitalization on the Muscat Stock Exchange of about OMR 24.13 billion. Moreover, the total loss during the last week recorded OMR 25.9 million. Positive Impacts of MSX Rise The prices of 20 securities almost rose during the week. Significantly, Oman Educational and Training Investment, Galfar Engineering and Contracting, Al Hassan Engineering, and Al Jazeera Steel Product. These companies come to the forefront with the maximum increase in share appreciation. The project design of the railway line construction was worth 521 million won by Galfar Engineering and Contracting, and Torjan Construction Group. Julphar share rose about 21.6% and closed at 163 bases. In the industrial sector index increases by 36 points. The service sector index rose 5 points the main index fell by 3 points, and the decline in the financial sector is 78.8 points. Conclusion The uptick in trading contributes to various economic developments. The factors that drive trading volume include government policies, positive corporate earnings reports, geopolitical events, market sentiments, and global economic trends also influence investor behavior. Looking forward, the key priority for the Muscat Stock Exchange is further enhancing trading and market efficiency. Awareness is a crucial element in fostering a vibrant ecosystem in Oman.

Empowering Industrial zones to bolster the economy, Oman and Saudi Arabia signed a Memorandum of Understanding (MOU) within Oman. A significant milestone was achieved among the two Gulf nations to foster economic growth and diversification. The MOU was signed by the representatives of both countries for investing in Industrial zones in Oman through financial aid from Saudi Arabia. Aim Behind Collaboration The aim behind this collaboration is the significance of Industrial zones in boosting the economy. Industrial zones are the hubs of job creation, manufacturing, investment opportunities, production technology transfer, etc. Similarly, To foster innovation and a thriving economy Oman collaborates with Saudi Arabia. Additionally, To cater to the critical needs of infrastructure the initiative is to attract foreign investment. Details of Collaboration  On 25th April, a Memorandum of Understanding (MOU) was signed between Saudi Arabia and Oman for the empowerment of Industrial zones in the Sultanate of Oman. Moreover, The MOU was signed between the Omani Finance Minister and Saudi Arabia’s Chief Executive Officer. The memorandum aims to support the development areas of Oman. In the previous year 2023, a Memorandum of Understanding (MOU) between both the countries for first phase of the economic zone project EZAD. Moreover, The zone is situated 20km away in an area of 388 square km and costs almost RO 100 million. The trading volume among both countries in the year 2022 was RO 2.7 billion and increased by 123% this year. MFN Auditing’s Perspective Towards Bilateral Relationship MFN Auditing believes that financing the industrial zone heralds a new chapter in bilateral relationships. Their commitment to economic prosperity and innovation is flourishing. Moreover, the country is on the track of prosperity.

Oman has achieved a significant milestone through the RO 30.6 Billion Credit Landmark. This achievement indicates the growth trajectory and economic resilience. The Sultanate of Oman is a hub of investment and economic development. Oman is poised for growth through the RO 30.6 Billion Credit Landmark. Similarly, The significant credit balance includes various sectors energy, banking, infrastructure, and small and medium-sized enterprises (SMEs). The banking sector’s role in assisting credit expansion is very crucial. Moreover, the initiative of the government to support SMEs and contribute to the credit market is significant. Moreover, the commitment of Oman to diversify its economy is from the availability of credit. Credit balance stimulates economic activity and also attracts investors seeking the opportunity in the Sultanate. Oman’s Credit Balance Soars The banking sector of Oman guaranteed credit balance in the region in February 2024 which reaches RO 30.6 billion by increasing 2.7%. Similarly, In the private sector credit balance growth of 3.9% which is almost RO 25.8 billion at the end of February. As well as The statistics of the Central Bank of Oman showed that the largest credit balance guaranteed by non-financial companies is about 45.7% and 45.3% in the individual sector. 5.3% is distributed in the financial sector and 3.7% is distributed in the other sectors. RO 30.1 billion which is 13.3% is deposited in the banking sector by the end of February. Additionally, the deposits in the private sector in the banking system increased by 14.8% to achieve RO 20.1 billion. Moreover, The total distribution in the private sector among different sectors is as follows. In the individualistic sector, the share is at 48.4%, in non-financial companies 32.3%, and in financial companies 16.5%. 2.8% remaining percentage is distributed in other sectors. Journey of Oman Towards Economic Diversification The journey of Oman towards sustainable development and economic diversification is continued. And it aims to maintain a healthy credit balance. Additionally, This requires collaboration among private sectors and financial and government institutions. The credit balance played a key role in creating opportunities in the kingdom which is crucial in attracting investors towards the region. MFN Auditing’s Perspective MFN Auditing believes that the achievement of the RO 30.6 Billion Credit Landmark indicates dynamism, resilience, prosperity, and commitment to fostering economic growth. With strategic investments, Oman is poised on emerging opportunities in the region as a leading economic player.

The aim of the strategic move is to innovate digitally and to boost the economy. ADQ, one of the largest UAE holding companies, joined Oman Investment Authority (OIA) to launch a technology-focused fund of $180 million. This partnership aims to drive growth, progress, and transformation among the regions. The key agenda behind the launch of the fund is to invest in technology-focused ventures to excel in digital transformation. This fund aims to revolutionize industries by providing support to SMEs and high-growth companies. This assists in empowering and scaling up the operations to excel in the trending market. Unveiling the Opportunities  Fund assistance enables entrepreneurs to realize the meaningful impact and vision that will be facilitated by the growth. This partnership will accelerate the emergence of a vibrant technology ecosystem, and increase global competitiveness. As the transformation continues, ADQ and OIA funds boost the progress and unveil opportunities for prosperity and growth. Launch of $180 million Technology Based Fund On 23rd April An Abu Dhabi Investment and holding company, ADQ declared the launch of a $180 million technology-based fund. The fund also demonstrates the larger agreement among both parties in the year 2022. Emirates News Agency (WAM) Outlook As per the Emirates News Agency (WAM) the fund targets to accelerate the digital economy as well as to broaden the MENA region in the Sultanate. This could be possible by supporting high-production companies like FinTech, CleanTech, agriculture, food, EdTech, and logistics. The main focus is to empower technology-based start-ups and create companies with a focus on innovative technology. Final Thoughts The fund will be the pioneer of success in the region. As, in the year 2022, it was identified that the worth of investment opportunities is over $8 million. This partnership also aims to bolster trade and collaboration among both countries. ADQ and OIA are charting success and innovation. Similarly, believes in building a world of limitless technology for generations to come.

In the Kingdom of Oman, special economic and free zones are beacons for economic prosperity and opportunities. Region believes in providing unique environmental designs to meet the needs of investors and individuals. It’s where innovation thrives, imagination turns into reality and businesses flourish to the peak. Oman’s special economic and free zones are the hubs of benefits for entrepreneurs and businesses. These zones are renowned for their infrastructure, supportive ecosystem, and for streamlining regulations to boost growth and Development. Moreover, these free zones offer several advantages to its investors. Oman’s Special Economic and Free Zones Achieved a Milestone  Oman’s Special Economic and Free Zones achieved a milestone in GDP growth by providing incentives to the National economy. However, these zones are proven to boost foreign direct investment, and also accelerate foreign trade and exports. Moreover, it accelerates the industrial activity. Let’s Dive into Numbers Worldwide, there is significant growth in special economic zones are noticed. Almost more than 5,000 zones have expanded in 150 countries. This huge number highlights the significance of economic zones. However, economic zones serve as a key element in increasing the development and diversifying the economy. Also, it creates a modern environment. During the years 2022 and 2023, the investment in Oman’s special economic and free zones will almost double to RO 3.5 billion. Approximately, an investment of RO 19 billion was recorded during the previous year in free zones, special economic zones, and industrial zones. Also, these zones provide developed infrastructure and offer a range of services to make housing and living highly attractive, for families, investors as well as for individuals. Free Zones Tactics to Attract Investors Somehow these zones managed to attract investors and individuals to live in these zones to economic prosperity. The tactics that these zones adopted are market analysis and in-depth knowledge about their client’s preferences and needs. It offers recreational areas and parks, provide hostel facilities, and modern residential areas. It also consists of mega shopping complexes and a suitable heritage for tourists. However, these zones put a lot of effort into making the extensive infrastructure these zones worth capturing. As the work environment is expanding these special economic zones attract foreigners to live near their workplace peacefully. Also, commercial activities are boosted in these zones. Additionally, it promotes the expansion of small and medium-sized businesses (SMEs). Public Authority for Special Economic zones and free zones integrates the projects of infrastructure in these areas to boost the living standards for residents. In these zones, modern living standards are promoted and the focus is on boosting investment opportunities. Explore a Special Economic Zone “Duqm” Duqm a special economic zone instances Oman’s growth through its modern living standards and it attracts various foreigners every year. By the year, Investment has also reached up to RO 6 billion. Duqm is a blend of modern lifestyle and economic projects. Its stunning weather, beaches, and hotels make it a key destination for investors as well as for residents. By the year 2023, Duqm increased investments in petrochemical industries and refineries. These areas assist in hydrogen production and green iron. These investments assist in creating an appealing and encouraging environment for residents. Other Free Zones of Oman Other free zones of Oman like Al Mazunah, Sohar, and Salalah saw a significant investment during the previous year which was about RO 800 million. These zones offer a safe environment to live by fulfilling the needs and necessities of residents. The projects of mining, food, and medical supply are continuing. These zones portray modern oases in comparison to global economic zones. Final Remarks In conclusion, the Special Economic and free zones of Oman are modern oases to capture diverse aspirations. And provide advantages of, a peaceful ecosystem with a focus on sustainability. It is accurate to state that Oman’s future is being shaped by these economic zones. These zones are poised to remain prosperous. MFN Auditing is a platform, that Bridging your imaginations into realities.

Three of Oman’s driving financial specialists say the advancement within the Sultanate’s worldwide credit rating. It gives a critical opportunity to boost the Omani economy. And grow the financial base, and get more prominent financing for ventures. And pushing towards accomplishing the targets of “Oman Vision 2040”. They claim that government actions are what have led to Oman’s rating being raised by various international credit rating agencies. These incorporate endeavors to control open investing, diminish open obligation, increment non-oil incomes, and upgrade the state open sector’s money-related execution. Build Mohammed Al Ghassani, Chairman of the Oman Advancement Bank, invited the common advancement in Oman’s universal credit rating. Especially Standard & Poor’s, which rose from BB with a positive viewpoint in Walk 2023 to BB+ in Walk 2024. He said that usually, the natural product of the Government’s later endeavors is to control government investment. Amplify state money-related incomes, and continue reducing open obligations, particularly high-cost obligations. He included that this can be moreover due to the viability of financial and financial approaches of the budgetary supportability program. To bargain with sudden financial challenges while proceeding to advance financial development. Rise in Oman’s Credit Rating The Improvement Bank Chairman said the advance in Oman’s credit rating is an imperative pointer for speculators. And borrower certainty within the Sultanate’s economy and its keeping money division. This will advantage Oman because it will be able to get future credits at lower fetches. Empowering remote speculators to lock in huge capital speculations, subsequently quickening financial broadening and advance towards the destinations of “Oman Vision 2040”. Generally, he included, it strengthens the regulatory and money-related administration of the state. And managing an account segment, upgrading long-term financial and monetary solidness. The Chairman said that this advancement in worldwide credit evaluations ought to proceed with the government’s progressing endeavors to control government investing, decrease open obligation, and actualize measures to boost financial development. Oman: An Enabler of Stability and Economic Growth Dr Yousuf Al Balushi, a financial master, offers this positive investigation, noticing the critical positive suggestions of Oman’s making strides in credit rating. He said these incorporate the accessibility of lower-fetched financing for both the Government and Omani commercial banks which can at that point be infused into the Omani economy. Dr. Al Balushi clarified that nearby and outside speculators respect credit evaluations as a vital marker for their speculation choices. He included that the proceeding advancement can be ascribed to a few components, counting oil costs, government monetary arrangement and the accumulation of outside trade saves. Dr Khaled Al Amri, Chairman of the Omani Financial Affiliation, said that the change within the future viewpoint by Standard & Poor’s recognizes that Oman is moving within the right heading to improve the venture environment and upgrade speculator certainty within the national economy. Boosting Investment and Financial Stability It concurred that this will offer assistance to pull in remote speculation, move forward the trade environment, and improve the capacity of banks and budgetary education. Meanwhile, to get financing at lower costs, subsequently lessening the fetched of adjusting open obligation and upgrading the government’s unwavering quality in meeting its commitments. Also it noted that one of the reasons for altering the long-term viewpoint may be a drop in open obligation, which diminished from OMR 17.6 billion after 2022 to OMR 15.2 billion after 2023. This diminishes of 13.63%, reflects a critical accomplishment that has contributed to the enhancement of Oman’s financial soundness, he included The advancement in Oman’s credit rating, affirms the government’s reality in proceeding to actualize measures aimed at reinforcing the monetary position and progressing its markers, in expansion to the financial measures received to advance financial development and proceed to diminish the state’s open obligation