
Oman: Ubhar Capital joins MSX as liquidity provider for Bank Muscat
The move aims to boost trading volumes, narrow the bid-ask spread, and stabilise prices — key to increasing investor confidence.
Ubhar Capital, a licensed market maker, brings deep regional expertise and global reach. The firm is the first to offer this service on MSX, leveraging advanced infrastructure and strong operational capacity.
CEO Sheikh Abdulaziz Al Saadi said, 'We're proud to support Bank Muscat in enhancing market activity and investor trust.'
MSX reaffirmed its commitment to advancing market efficiency in line with Oman Vision 2040, calling on other listed firms to consider similar liquidity initiatives.
2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) 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


Arabian Business
an hour ago
- Arabian Business
PIF launches Tasama to boost Saudi entrepreneurship and tech ecosystem
Saudi Arabia's Public Investment Fund (PIF) has officially launched Tasama Business Services Company, a national platform aimed at transforming the Kingdom's business services landscape and accelerating growth across both public and private sectors. The launch follows the merger of BIAC—a startup incubator and accelerator formerly owned by TAQNIA, another PIF portfolio company—with the PIF's Shared Services Centre, creating a new national champion for integrated business services. Tasama will offer a comprehensive suite of services for startups in Saudi Arabia, including: Accounting and financial support Human resources and procurement services Digital solutions and innovation platforms Startup incubation and acceleration Workspace and co-working solutions PIF launches Tasama in Saudi Arabia The company is designed to support local businesses in both their startup and growth phases while also enabling international companies headquartered in Saudi Arabia to operate more efficiently. Tasama CEO Mohammed bin Nasser Al-Jasser said the company seeks to elevate the business services sector as a strategic industry in the Kingdom and actively contribute to economic diversification by supporting vital sectors. He emphasized the company's commitment to fostering innovation, empowering national talent, and developing Saudi capabilities, building on the achievements of BIAC in the public and private sectors. He added that Tasama aims to play a pivotal role in developing the business services sector, becoming a key partner in shaping its future and promoting the growth of the technology ecosystem and business environment in the Kingdom. The launch aligns with the PIF's strategic ambitions to diversify Saudi Arabia's economy, strengthen its technology and business ecosystems, and enhance private sector participation. Tasama will also help attract and support foreign companies establishing their regional headquarters in the Kingdom—a key goal under the government's regional HQ programme.


Arabian Business
an hour ago
- Arabian Business
DP World to invest $800m in Syria's Port of Tartus under 30-year concession deal
Dubai-based global trade giant DP World has signed a 30-year Build-Operate-Transfer (BOT) concession agreement to develop and operate the Port of Tartus in Syria, marking a major milestone in the country's post-conflict economic recovery. Under the deal with Syria's General Authority for Land and Sea Ports, DP World will invest $800m over the concession period to upgrade Tartus's infrastructure, transforming it into a strategic regional trade hub linking Southern Europe, the Middle East, and North Africa. The agreement was signed in Damascus in the presence of Syrian President Ahmed Al-Sharaa, DP World Chairman and Group CEO Sultan Ahmed bin Sulayem, and Syrian Ports Authority Chairman Qutaiba Ahmed Badawi. The deal is seen as a critical step in Syria's economic reintegration after years of conflict and underinvestment. Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said: 'This agreement reflects our long-term commitment to enabling global trade and creating resilient supply chains. We see strong potential in Tartus to serve as a vital trade gateway and look forward to strengthening regional connectivity and economic opportunity through this investment. 'We believe in the power of trade to help drive long-term stability and prosperity for Syria and the region.' DP World Syria development plans: Major infrastructure upgrades for container and general cargo terminals Installation of advanced cargo-handling equipment and digital systems Expansion into breakbulk, roll-on/roll-off traffic, and inland logistics services Potential development of free zones and transit corridors Located on Syria's Mediterranean coast, Tartus is the country's second-largest port, with a strategic location linking Europe, the Levant, and North Africa. The upgrade will boost Syria's capacity to handle diverse cargo types and improve its competitiveness in regional trade networks. Qutaiba Ahmed Badawi, Chairman of Syria's General Authority for Land and Sea Ports, said: 'This agreement marks an important step forward for the Port of Tartus and Syria's maritime sector. Partnering with DP World will allow us to modernise and strengthen the efficiency of our trade infrastructure as we continue to rebuild key trade lanes, support the national economy and provide more opportunities for the Syrian people. 'The agreement reflects our shared vision to transform Tartus into a strategic gateway linking Syria with regional and international markets, and it will pave the way for sustainable growth for years to come.' With operations in over 75 countries and 9.2 per cent of global container traffic, DP World is a leader in global logistics infrastructure. The Tartus project adds to its expanding portfolio in the Middle East and underscores its strategy to invest in long-term trade growth and resilient supply chains.


Arabian Business
5 hours ago
- Arabian Business
Saudi Arabia tops global ranking for tourism spending growth in Q1 2025
Saudi Arabia has been ranked first in the world for the growth of international tourism receipts in the first quarter of 2025, compared to the same period in 2019, according to the World Tourism Barometer published by UN Tourism in May. The Kingdom also placed third globally in the growth of international tourist arrivals and second in the Middle East, reaffirming its emergence as a major force in global tourism. In Q1 2025, Saudi Arabia recorded a 102 per cent increase in international tourist arrivals compared to Q1 2019—an extraordinary figure that far exceeds: The global average of just 3 per cent The Middle East regional average of 44 per cent Saudi tourism boom The data underscores Saudi Arabia's rapid transformation into a leading global tourism destination, driven by major investments in infrastructure, hospitality, cultural attractions, and regulatory reforms under Saudi Vision 2030. Officials say this growth highlights the country's unwavering commitment to diversifying its economy and becoming a top choice for international travellers. From record-breaking visitor numbers to the rise of mega-projects like NEOM, The Red Sea, and Diriyah Gate, the Kingdom continues to reshape its tourism landscape and redefine its place on the global travel map.