Thursday, November 5, 2026

Business

Oil Prices Drop Over 5% as Geopolitical Risks Ease

Muscat: Oil prices fell by more than 5%, pressured by easing geopolitical tensions that dampened market sentiment. Brent crude futures declined by $3.30, or 4.8%, to $66.02 per barrel, while US West Texas Intermediate (WTI) crude futures fell $3.23, o…

MSX Rises 6 Points

Muscat: Muscat Stock Exchange (MSX) main index closed higher today, rising 0.10 percent. The MSX 30 Index concluded the trading session at 6,252.58 points, registering an increase of 6.1 points from the previous close of 6,246.50 points.

According t…

Dollar Steady as Investors Assess Policy

Tokyo: The US dollar today held onto its gains, while the collapse in precious metals prices shook financial markets, as investors focused on assessing the approach that the Federal Reserve (the US central bank) led by Kevin Warsh might take. The doll…

OQ Group Launches Second Cohort of Business Accelerator Programme

Muscat: OQ Group launched the second cohort of its Business Accelerator Programme, comprising 22 specialized startups from within and outside the Sultanate of Oman. This initiative falls within the framework of the Group’s efforts to support innovatio…

Value of Tenders Issued in 2025 Exceeds RO 1.7 Billion

Muscat: The Projects, Tenders and Local Content Authority confirmed that its operations witnessed significant activity during 2025, reflecting the continuous pace of development in strengthening infrastructure and implementing developmental projects a…

Oman Oil Price Declines 2.07 US Dollars

Oman: Oman oil price (April delivery 2026) today reached 64.87 US Dollars, comprising a decline by 2.07 US Dollars.

According to Oman News Agency, the average price of Oman oil (February delivery 2026) stabilized at 62.09 US Dollars per barrel, thus…

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…