Saturday, October 24, 2026

July 29, 2025

Oman Oil Price Rises 1.72 US Dollars

Muscat: Oman oil price for September delivery 2025 reached 73 US Dollars today, marking an increase of 1.72 US Dollars compared to yesterday’s price of 71.28 US Dollars. According to Oman News Agency, the average price of Oman oil for July delivery 2025 has stabilized at 63.62 US Dollars per

Abraj Energy Services Expands Strategic Partnerships with PDO

Muscat: Abraj Energy Services has entered into a strategic agreement with Petroleum Development Oman (PDO) to supply six onshore drilling rigs for Concession Area 6, a vital component of Oman’s energy infrastructure. The drilling operations are anticipated to commence gradually from the fourth quarter of 2026. This significant expansion in

Gold Prices Edge Lower on Stronger Dollar, Easing Tariff Concerns

Muscat: Gold prices edged lower in early trade today, weighed down by easing concerns over a global tariff war and a stronger US dollar, while investors focused on the Federal Reserve policy meeting for interest rate clues. Spot gold was down 0.2% at $3,308.39 per ounce. Bullion hit its lowest

Oman’s Trade Balance Surplus Exceeds RO 2.4 Billion

Muscat: The Sultanate of Oman’s trade balance recorded a surplus of RO 2.454 billion by the end of May 2025. This represents a 38.5 percent decrease compared to the same period in 2024, which saw a surplus of RO 3.989 billion. According to Oman News Agency, preliminary statistics issued by

Euro Falls, Dollar Index Rises Amid Trade Deal Concerns

Frankfurt: The euro today struggled to recoup its steep losses as investors sobered up to the fact that terms of the trade deal between the US and the European Union (EU) favored the former and hardly lifted the economic outlook of the bloc. The euro last traded at $1.1594, after

Oil Prices Rise on Optimism over US-EU Trade Deal

Muscat: Oil today extended gains, lifted by hopes of improved economic activity after the US-EU trade deal, a potential US-China tariff truce and President Donald Trump’s shorter deadline for Russia to end the Ukraine war. Brent crude futures were up 24 cents, or 0.34%, to $70.28 a barrel, while US

European Stocks Rise on Earnings, US Trade Deal

Muscat: European stocks today climbed amid a wave of corporate earnings, while investors assessed the implications of a trade agreement signed this week between the US and the European Union (EU). According to Oman News Agency, the STOXX 600 European index rose by approximately 0.51 percent, or about 2.86 points,

Recent posts

Omani Children Make Up Majority of Youth Population in Oman

Muscat:The total number of children in the Sultanate of Oman, aged 0-17, reached approximately 1.5 million in 2025. Omani children accounted for around 84% of this total, with a gender ratio among them of 104 males per 100 females, as reported by the …

Kuwaiti Defense Delegation Engages in Security Talks in Oman

Accra:Maj. Gen Abdullah Ali Al Harthy, the Assistant Inspector General of Police and Customs for Operations, welcomed Colonel Mosa’ad Ahmed Al Shamroukh from Kuwait’s Ministry of Defense and his accompanying delegation, who are currently visiting Oman…

Oman and Spain Collaborate to Improve Organ Donation Services

Accra:The Omani Center for Regulating Organ and Human Tissue Donation and Transplantation, in partnership with experts from the Spanish Donation and Transplantation Institute, has engaged in discussions to enhance organ donation services in Oman follo…