Thursday, November 5, 2026

Business

Oil Rebounds from 16-Week Lows

Muscat: Oil prices rose today, snapping a three-day losing streak and rebounding from 16-week lows. Brent crude futures gained 15 cents, or 0.2%, to $65.50 a barrel. US West Texas Intermediate crude climbed by 14 cents, or 0.2%, to $61.92 a barrel. According to Oman News Agency, the recent price

Competitiveness Panel Reviews Environmental Performance, Innovation Indicators

Muscat: The National Competitiveness Committee today held its second meeting of 2025 during which it reviewed the progress made in the Environmental Performance Index (EPI). It also determined the party entrusted with leading the water and wastewater quality index in the EPI. The meeting was chaired by Dr. Said Mohammed

MSX 30 Index Closes with 10-Point Decline

Muscat: Muscat Stock Exchange (MSX) 30 Index today closed at 5178.50 points, marking a drop of 10.2 points or 0.20% from the previous session’s close of 5188.67 points. According to Oman News Agency, the trading value on the exchange reached RO 43,005,123, reflecting a 4.1% increase compared to the last

Oman Participates in GCC Financial and Economic Cooperation Committee Meeting

Kuwait city: The Sultanate of Oman took part in the 124th meeting of the Financial and Economic Cooperation Committee of the GCC States, which convened in the State of Kuwait. The gathering focused on discussions aimed at advancing financial and economic convergence, cooperation, and integration among the member states of

Oman Oil Price Declines 1.30 US Dollars

Muscat: Oman oil price for November delivery 2025 has decreased to 65.39 US Dollars, marking a 1.30 US Dollars decline compared to yesterday’s price of 66.69 US Dollars. According to Oman News Agency, the average price of Oman oil for October delivery 2025 has stabilized at 69.33 US Dollars per

Gold Hits Record High as US Government Shutdown

Jerusalem: Gold prices surged to a record high today, driven by investor demand for safe-haven assets after the official start of the US government shutdown and as soft labor data bolstered expectations of Federal Reserve rate cuts. Spot gold was up at $3,873.46 per ounce. Bullion logged about 12% rise

European Shares Flat on Healthcare Gains

Jerusalem: The European shares were flat today, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors fretted over a potential delay in the closely-watched US jobs data. The pan-European STOXX 600 (.STOXX), opens new tab held steady at 557.9 points, after posting its third

US Government Enters Shutdown for First Time in Nearly 7 Years

Washington: The US government shut down early today for the first time in nearly seven years, after Congress failed to pass a funding law to ensure the continued operation of institutions. According to Oman News Agency, following the vote’s failure yesterday “Tuesday”, Russell Vought, Director of the White House Office

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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…