Thursday, November 5, 2026

Business

OQ Exploration & Production and Petronas Carigali Ink Strategic Oil, Gas Partnership

Muscat: OQ Exploration and Production New Ventures, a subsidiary of OQ Exploration and Production, along with Petronas Carigali International Ventures SDN. BHD., have entered into a strategic cooperation agreement. This collaboration was solidified through a memorandum of understanding focusing on joint ventures in the oil and gas exploration and production

MSX Closes Lower as Trading Activity Contracts

Muscat: Muscat Stock Exchange (MSX) 30 Index concluded today’s trading session at 5,422.17 points, marking a decline of 36.5 points, equivalent to 0.67 percent, from its previous close of 5,458.64 points. Trading activity saw significant contraction, with total market turnover reaching RO 46,640,638, representing a substantial decrease of 35.8 percent

OQBi Hackathon Crowns Four Innovative Teams Driving Industrial Digital Transformation

Muscat: The OQBi Hackathon 2025 concluded today with the recognition of four winning teams celebrated for their technical innovations and practical solutions across safety, energy, and creative industries sectors. According to Oman News Agency, in the OQBi Hackathon’s Challenges track, three teams emerged victorious. Team “Safe Crew” secured first place

Gold Extends Decline from Record High Amid Profit-Taking

Muscat: Gold prices extended their decline today amid profit-taking following recent record highs, as investors awaited key US inflation data this week for further indications on the Federal Reserve’s potential path toward interest rate cuts. Spot gold fell 0.3% to $4,113.54 per ounce, after plunging more than 5% on Tuesday

Oil Rises Over 1% Amid Supply Concerns

New york: Oil prices rose by more than one percent today, extending gains for the second consecutive day, amid a mix of supply risks linked to sanctions and hopes for progress in US-China trade talks. Brent crude futures climbed 94 cents, or 1.5%, to $62.26 a barrel, while US West

Dollar Declines, Yen Rises Amid Market Volatility

Tokyo: The US dollar index edged lower today after a three-day rally, as the greenback retreated during Asian trading amid market volatility triggered by a sharp fall in gold prices, which rebalanced flows across safe-haven assets. The dollar was last down 0.1% at 151.74 yen, after data showed that Japan’s

MSX Closes Lower as Trading Activity Contracts

Muscat: Muscat Stock Exchange (MSX) 30 Index concluded today’s trading session at 5,422.17 points, marking a decline of 36.5 points, equivalent to 0.67 percent, from its previous close of 5,458.64 points. Trading activity saw significant contraction, with total market turnover reaching RO 46,640,638, representing a substantial decrease of 35.8 percent

OQBi Hackathon Crowns Four Innovative Teams Driving Industrial Digital Transformation

Muscat: The OQBi Hackathon 2025 concluded today with the recognition of four winning teams celebrated for their technical innovations and practical solutions across safety, energy, and creative industries sectors. According to Oman News Agency, in the OQBi Hackathon’s Challenges track, three teams emerged victorious. Team “Safe Crew” secured first place

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…