Business

Muscat: The 43rd session of the Arab Permanent Technical Committee for Statistics commenced in Muscat today, gathering senior officials from Arab statistical organizations and representatives of international statistical bodies. The high-level meeting focused on advancing regional statistical cooperation and addressing contemporary challenges in data management. According to Oman News Agency,

Muscat: The 43rd session of the Arab Permanent Technical Committee for Statistics commenced in Muscat today, gathering senior officials from Arab statistical organizations and representatives of international statistical bodies. The high-level meeting focused on advancing regional statistical cooperation and addressing contemporary challenges in data management. According to Oman News Agency,

Muscat: Tax Authority has introduced a significant five-year suspension of withholding tax on service contracts for vessels registered under the Omani flag, marking a strategic initiative to strengthen the nation’s maritime sector. The measure, effective from 1 September 2025, through 31 August 2030, represents a targeted approach to enhancing Oman’s

Muscat: Muscat Stock Exchange (MSX) registered significant gains in today’s trading session, with the benchmark MSX 30 Index closing at 5240.08 points, advancing 47.4 points or 0.91 percent from the previous close of 5192.64 points. According to Oman News Agency, trading activity showed remarkable momentum, with total turnover reaching RO

Muscat: Gold prices surged to a new record high above $4,100 today, driven by growing expectations of US Federal Reserve interest rate cuts and renewed US-China trade tensions that spurred safe-haven demand. Silver also rallied to an all-time high. According to Oman News Agency, spot gold rose 0.4% to $4,124.79

Washington: The dollar steadied today, as US President Donald Trump softened his tone on tariffs toward China, and hopes grew for a possible meeting with his Chinese counterpart, which gave a boost to expectations of easing tensions between the world’s two largest economies. According to Oman News Agency, the euro

Muscat: ITHCA Group has announced a strategic investment of RO 8 million (US$20 million) in Movandi, a US-based leader in semiconductors and smart wireless connectivity solutions. According to Oman News Agency, this investment aligns with ITHCA Group’s strategy to strengthen Oman’s presence in key technology sectors, including artificial intelligence (AI),

Muscat: Oman’s energy transformation agenda took center stage as the fourth IEEE PowerTalks 2025 inaugurated today under the theme “Accelerating Oman’s Energy Transition.” The three-day conference, hosted at Oman Convention and Exhibition Centre, brings together international experts and industry leaders to address Oman’s evolving energy landscape. According to Oman News