Thursday, November 5, 2026

Business

Egyptian-Gulf Trade, Investment Forum Underscores Deepening Economic Partnerships

Cairo: The First Egyptian-Gulf Trade and Investment Forum, held today in Cairo under the slogan “A Roadmap towards Enhancing Egyptian-Gulf Economic Cooperation”, and in which the Sultanate of Oman is participating, affirmed the importance of deepening economic partnerships and capitalizing on available investment opportunities. The opening of the forum was

Consumer Protection Authority Hosts Second Quality Forum Highlighting ISO Certification

Muscat: The Consumer Protection Authority today organized the ‘Second Quality Forum’ in collaboration with the Oman Vision 2040 Implementation Follow-up Unit. The event focused on the Authority’s initiatives in applying quality standards and fostering continuous improvement practices. According to Oman News Agency, the opening ceremony was graced by Dr. Hamad

Gold Rises on Federal Reserve Rate Cut Bets

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

Agreement Finalized for Inaugural Car Factory Development in Salalah

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

Oil Rises on Hopes US Government to Reopen Soon

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

Dollar Steadies Amid Global Growth Concerns

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

Oman Secures Funding Agreement for New Samail Hospital With Kuwait Fund

Muscat: The Government of the Sultanate of Oman today signed a financing agreement with the Kuwait Fund for Arab Economic Development (KFAED) to contribute to the financing of a project to establish the new Samail Hospital in the A’Dakhiliyah Governorate. The agreement was signed by Sultan bin Salim Al Habsi,

Middle East LPG Summit & Expo Opens

Muscat: The Middle East LPG Summit and Expo 2025 began today at the Oman Convention and Exhibition Centre: The event is hosted by the Sultanate of Oman and organized by the World Liquid Gas Association in collaboration with the Ministry of Commerce, Industry and Investment Promotion. According to Oman News

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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…