Is magnesium oxide acidic or basic?

1. Magnesium oxide: Magnesium oxide is a metal oxide and metal oxide is basic in nature.
2. Oxide ions are present in $\mathrm{MgO}$,It produces magnesium hydroxide, which is a base when it combines with water.
3. The reaction involved in the above statement is given as- $\mathrm{MgO}\left(\mathrm{s}\right)+{\mathrm{H}}_2\mathrm{O}\left(\mathrm{aq}\right)\to \mathrm{Mg}{\left(\mathrm{OH}\right)}_2\left(\mathrm{aq}\right)$

Hence, magnesium oxide is basic in nature.