Thursday, November 5, 2026

Business

Dollar Holds Gains on Economic Data Amid Global Currency Movements

Muscat: The dollar held on to its gains today as positive economic readings and shifting expectations for Federal policy outweighed concerns about another US government shutdown. The Australian dollar rose ahead of an expected rate hike by the nation’…

Oil Falls for Second Day on Firm Dollar

Muscat: Oil prices fell today, easing for a second day, influenced by market factors and the firmer dollar. Brent crude futures fell 39 cents, or 0.5%, at $65.91 per barrel, and US West Texas Intermediate (WTI) crude was at $61.83 per barrel, down 31 …

Gold Rebounds More Than 2% After Market Sell-Off

Muscat: Gold prices rose more than 2% today, rebounding from a sharp sell-off triggered by market reaction to the nomination of Kevin Warsh to head the Federal Reserve. Spot gold climbed 2.2% to $4,767.33 per ounce, after falling to its lowest level i…

Oman’s Total Refinery Production Increases by 12.5 Percent

Muscat: The total production of refineries in the Sultanate of Oman recorded a 12.5 percent increase by the end of December 2025, reaching 84,739,200 barrels compared to the end of December 2024, according to preliminary statistics issued by the Natio…

IFSB Summit on the Future of Islamic Finance Begins in Muscat

Muscat: The Central Bank of Oman (CBO), in collaboration with the Islamic Financial Services Board, organized the 17th IFSB Summit in Muscat, held under the theme ‘Islamic Finance for the Future: Breaking New Ground for Global Impact.’

According to …

Oman Oil Price Rises 28 Cents

Oman: Oman oil price for April delivery 2026 reached 65.15 US Dollars, marking an increase of 28 cents compared to Monday’s price of 64.87 US Dollars.

According to Oman News Agency, the average price of Oman oil for February delivery 2026 stabilized …

OCCI Engages in World Forum of Chartered Accountants in India

Greater noida: Oman Chamber of Commerce and Industry (OCCI) participated in the World Forum of Accountants, held at the India International Convention and Expo Centre (IICC) in Greater Noida, Republic of India. The event was themed “Nation Building to…

Recent posts

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…