Thursday, November 5, 2026

August 5, 2026

Dollar Near 6-Week Low, Yen Steadies

Muscat: The US dollar held near six-week lows today as currency markets awaited further developments after pressure on the Japanese yen eased. The US dollar index, which tracks the currency against six major peers, was little changed at 99.85, struggl…

Oman Oil Price Drops by USD 4.35

Muscat: The official price of Oman crude oil for October delivery settled today at USD 79.16 per barrel. The price of Oman oil recorded a rise of USD 4.35 today compared to the price of yesterday Tuesday which stood at USD 83.52 per barrel.

Accordin…

Japan’s Nikkei Rises 3.66% Amid AI Share Surge

Muscat: Japan’s Nikkei index rose more than 3 percent to close at a two-week high today, as artificial intelligence-related shares surged in line with their US counterparts, while investors rushed to buy stocks with strong outlooks.

According to Oma…

MSX 30 Index Rises Despite Drop in Trading Value

Muscat: Muscat Stock Exchange “MSX 30” index today closed at 7,349.10 points, up 14.3 points, or 0.19 percent, from the previous session’s close of 7,334.80 points.

According to Oman News Agency, the trading value stood at RO 46,409,646, representi…

Total GCC Bottled Water Market Reaches USD 7.55 Billion

Muscat: The size of the bottled water market in the GCC countries reached approximately USD 7.55 billion in 2024, continuing its growth at an annual rate of 11 percent, driven by increased demand for bottled water, rising health awareness, and expandi…

Samsung Unveils 1st zHBM Concept

Muscat: Samsung Electronics Co. said today that it unveiled the industry’s first concept models of zHBM, a next-generation memory architecture expected to deliver approximately eight times the performance of HBM5.

According to Oman News Agency, the w…

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Oman Participates in GCC Culture Ministries’ Preparatory Meeting

Muscat:The Sultanate of Oman participated in a preparatory meeting of Undersecretaries of Ministries of Culture from GCC states. This meeting, conducted via video conference, served as groundwork for the upcoming 30th meeting of GCC Ministers of Cultu…

Sultan Haitham Embarks on State Visit to China

Muscat:His Majesty Sultan Haitham bin Tarik departed this morning for the People’s Republic of China on a two-day state visit. The visit comes in response to an invitation from President Xi Jinping of China.

According to Oman News Agency, His Majest…