Nano-fluids are prepared by suspending the ultrafine nanoscale particles in the base fluid and can be substantially enhanced the heat transfer rate compared to pure fluids. Because of great importance of dynamic viscosity applications in related applications of nanofluids in heat transfer and energy systems, experimental investigation of the effects of volume concentration and temperature on dynamic viscosity of MgO – MWCNTs/EG-water hybrid nanofluid has been presented in this study. The nanofluids were prepared with solid volume fractions of 0.025%, 0.05%, 0.1%, 0.2%, 0.4%, 0.6% and 0.8% and experiments were performed in the temperature range of 25 to 60⁰C. In addition, by investigating the rheological behavior of nanofluid against shear rate, the Newtonian behavior was observed. Regarding the weakness of the previous correlations for predicting the dynamic viscosity of this nanofluid and according to the experimental data, a new equation was proposed. The results showed that by increasing the solid volume fraction, the dynamic viscosity increased. This increase is more tangible at lower temperatures compared with higher temperatures. Moreover, at the temperature of 60⁰C, the solid volume fraction has no great effect on the dynamic viscosity of the nanofluid which this issue can be considered as an important achievement in the industrial and engineering applications.