London: Oil prices fell today after gaining in the previous session, as markets assessed expectations that the end of the longest government shutdown in US history could boost demand in the world’s largest oil consumer. According to Oman News Agency, Brent crude futures declined by 8 cents, or 0.12%, to
Muscat: Gold prices today extended their gains for the fourth consecutive session, supported by a weaker US dollar and expectations that the end of the US government shutdown and upcoming economic data will strengthen prospects for an interest rate cut in the United States next month. Spot gold rose 0.4%
Muscat: Muscat Stock Exchange (MSX) 30 Index concluded today’s trading session at 5,720.04 points, registering a rise of 28.9 points, equivalent to 0.51 percent, from its previous close of 5,691.17 points. According to Oman News Agency, trading activity witnessed an increase, with total market turnover reaching RO 42,795,280, representing a
Muscat: OQ Alternative Energy (OQAE), a subsidiary of OQ, has confirmed the arrival of the first batch of wind turbines for the Riyah 1 and Riyah 2 wind farms. Developed in partnership with TotalEnergies, the two projects will feature a combined total of 36 turbines with a total generation capacity
Muscat: Gold prices rose today, buoyed by expectations of another Federal Reserve interest rate cut in December and a slew of weak economic data that raised global growth worries. Spot Gold gained 0.7% to $4,027.88 per ounce. US gold futures for December delivery rose 0.7% to $4,036.60 per ounce. According
Salalah: A cooperation agreement was signed today in the Salalah Free Zone to prepare the technical and economic feasibility study for the establishment of the first car factory in the Wilayat of Salalah, Dhofar Governorate. According to Oman News Agency, the agreement was signed between Salalah Global City Company, a
Muscat: Oil prices rose today on optimism that the US government shutdown could end soon and lift demand in the world’s top oil consumer, offsetting concerns about rising supplies globally. Brent crude futures rose 47 cents, or 0.74%, to $64.10 a barrel. US West Texas Intermediate crude was at $60.25
Tokyo: The US dollar remained steady and showed resilience in early Asian trading today amid renewed concerns about global growth following the release of a series of weak economic data. The US dollar index, which measures the US currency performance against a basket of six major currencies, rose 0.2% to
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…
El Eulma:Algeria The Sultanate of Oman is showcasing its cinematic talent at the Algeria International Contemporary Cinema Days with its short film “Beta Carotene.” Directed by Mohammed Al Daroushi, the film is part of the inaugural events taking plac…
Muscat:The Otology and Ear Surgery team at the University Medical City has successfully completed the first middle ear hearing implant surgery in the Sultanate of Oman. This two-hour operation has restored hearing for a female patient who had been suf…
Muscat:Cultural relations between the Sultanate of Oman and the People’s Republic of China trace back to a rich history of civilizational contact, characterized by commercial exchange and people-to-people interactions. Ancient maritime trade routes fa…
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…
