Thursday, October 22, 2026

May 13, 2025

Gold Nears Lowest Level in Over a Week

New York: The gold price was hovering today around a low of more than a week, which had been hit the previous session. A US-China agreement to temporarily halt tariffs reciprocally boosted risk appetite and diminished gold’s appeal as a safe haven. According to Oman News Agency, spot gold remained

MSX Drops 15 Points

Muscat: Muscat Stock Exchange (MSX) general index (30) today dropped 15.1 points, comprising a decline by 0.35% to close at 4,361.33 points, compared to the last session, which stood at 4,376.43 points. According to Oman News Agency, the trading value today stood at RO 3,827,084, comprising a drop by 36.1%,

OCCI Delegation Participates in US Investment Summit

Washington: As part of its current visit to the United States of America (USA), a trade delegation from Oman Chamber of Commerce and Industry (OCCI) took part in the SelectUSA Investment Summit, one of the most prominent global platforms for encouraging foreign direct investment (FDI) in the US market. According

PDO Signs 14 Agreements to Fund Social Investment Projects

Muscat: Petroleum Development Oman (PDO) has signed 14 agreements to finance a number of social investment projects, with a total value of approximately RO 4.4 million. The signings took place on the sidelines of Oman Sustainability Week and the Oman Petroleum and Energy Show 2025, currently being held at Oman

Oman Investment Authority Announces Winners of Its Excellence Award

Muscat: Oman Investment Authority (OIA) has revealed the winners of the second edition of its Excellence Award, reinforcing its commitment to fostering a culture of continuous improvement and recognizing companies that contribute to national goals while encouraging competitiveness and performance excellence. According to Oman News Agency, Omantel secured the award

Contracts Inked for Oman’s Largest Copper Concentrate Project in Yanqul

Muscat: Mazoon Mining, a subsidiary of Minerals Development Oman (MDO), has successfully secured RO 104 million (USD 270 million) in strategic financing from leading local and regional banks. In parallel, the company signed a number of construction and service contracts with local contractors to commence the development of Oman’s largest

Three Agreements Inked for Sultan Said bin Taimour Road

Muscat: The Ministry of Transport, Communications, and Information Technology today signed three agreements to implement the third, fourth, and fifth sections of Sultan Said bin Taimour Road (Adam-Haima-Thumrait), spanning a total length of 400 km at a cost exceeding RO 258 million. According to Oman News Agency, the agreements were

Oman Airports Records 9% Growth in Passenger Traffic in April 2025

Muscat: Oman Airports announced growth in air traffic and passenger numbers across the Sultanate of Oman’s airports during April 2025, with passenger numbers rising by 9% and aircraft movements increasing by 6% compared to the same month in 2024. According to Oman News Agency, this growth reflects ongoing efforts in

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Fourth Dates and Honey Exhibition Opens in Oman

Accra:The Fourth Dates and Honey Exhibition commenced at the Oman Convention and Exhibition Centre, featuring participation from 100 small and medium enterprises, companies, and entities involved in the production, manufacturing, exporting, and import…

Royal Army of Oman Commander Hosts GCC Military Commander

Accra:Al Murtafa’a Camp Major General Mattar Salim Al Balushi, Commander of the Royal Army of Oman (RAO), welcomed Major General Abdulaziz Ahmed Al Balawi, Commander of the GCC Unified Military Command, along with his military delegation, at his offic…

Oman’s New Ambassador to Malaysia Presents Credentials

Kuala Lumpur:King Sultan Ibrahim of Malaysia received the credentials of Eng. Hatim Hilal Al Yaqoubi as the new Ambassador of the Sultanate of Oman to Malaysia. The ceremony took place at the Istana Negara National Palace in Kuala Lumpur.

According …

Dhofar Municipal Council Assesses Service Development Initiatives

Accra:Dhofar The Municipal Council of Dhofar Governorate convened its eighth regular meeting of the year, presided over by HH Sayyid Marwan Turki Al Said, Governor of Dhofar and Chairman of the Council.

According to Oman News Agency, the meeting inc…