Thursday, November 5, 2026

Business

Gold Shines at Record Peak on US Rate-Cut Bets

Muscat: Gold prices today surged to a historic peak, buoyed by rising expectations of additional US interest rate cuts and a softer dollar. Spot gold rose 0.2% to $3,752.43 per ounce, touching an all-time high of $3,758.03 earlier in the session. US gold futures for December delivery climbed 0.3% to

Oil Prices Decline Amid Iraq and Kurdistan Agreement to Resume Exports

Baghdad: Oil prices fell for the fifth straight session following a preliminary agreement between Iraq’s federal government and the Kurdish regional administration to restart an oil pipeline, raising oversupply concerns in the market. Brent crude futures decreased by 42 cents, or 0.63%, to $66.15 a barrel, while US West Texas

Dollar Fluctuates in Asian Trading as Markets Weigh Fed Comments

Tokyo: The US dollar today faced continued pressure in Asian trading as investors assessed remarks from Federal Reserve officials for clues on the path of interest rates. The greenback fluctuated between gains and losses, last trading flat after snapping a three-day winning streak on Monday, with the US dollar index

Oman and Russia Explore Economic and Investment Opportunities

Moscow: A delegation from Oman Chamber of Commerce and Industry (OCCI) is currently visiting the Russian Federation to participate in the Moscow-Oman Business Forum. The meetings are aimed at enhancing economic and investment cooperation between the two friendly countries. According to Oman News Agency, the delegation is led by Eng.

MSX 30 Index Falls by 8.7 Points Amid Decrease in Trading Volume

Muscat: Muscat Stock Exchange (MSX) 30 Index today closed at 5090.08 points, marking a drop of 8.7 points or 0.17% from the previous session’s close of 5098.81 points. According to Oman News Agency, the trading value reached RO 27,073,245, reflecting a 13.7% decrease compared to the last session’s RO 31,360,632.

Oman Oil Price Drops 57 Cents

Muscat: Oman oil price for November delivery 2025 today reached 68.36 US Dollars, marking a decrease of 57 cents compared to the previous day’s price of 68.93 US Dollars. According to Oman News Agency, the average price of Oman oil for September delivery 2025 has stabilized at 71.20 US Dollars

NCSI Initiates Surveys on Consumer Confidence and Government Service Satisfaction

Muscat: The National Centre for Statistics and Information (NCSI) is spearheading two distinct surveys aimed at gathering insights into consumer confidence and satisfaction with government services. The initiative is part of a broader effort to gauge public sentiment and enhance service quality. According to Oman News Agency, the Consumer Confidence

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…