Thursday, November 5, 2026

Business

Gold Hits Fresh Record High on US Rate-Cut Hopes

Muscat: Gold today surged to set a fresh record high, buoyed by investors’ heightened expectations of a dovish rate-cut path, ahead of remarks by multiple Federal Reserve officials and key inflation data later in the week. Spot gold rose 0.9% to $3,716.27 per ounce, after hitting a new record high

MSX Drops 11 Points

Muscat: Muscat Stock Exchange (MSX 30) index today closed at 5,098.81 points, dropping 11.5 points, or 0.22%, compared to the last trading session’s close of 5,110.26 points. The trading value reached RO 31,360,632, increasing by 41.2% compared to the last session’s value of RO 22,216,913. According to Oman News Agency,

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

Oman Oil Price Drops 50 Cents

Muscat: Oman oil price for November delivery 2025 has reached 68.93 US Dollars, marking a decrease of 50 cents compared to last Friday’s price of 69.43 US Dollars. According to Oman News Agency, the average price of Oman oil for September delivery 2025 has stabilized at 71.20 US Dollars per

Oman Mandates Full Adoption of IFRS Sustainability Standards by 2029

Muscat: Abdullah Al Salmi, Executive President of the Financial Services Authority (FSA), announced the Authority’s plan to adopt a phased implementation of the International Financial Reporting Standards for sustainability-related disclosures (IFRS S1 and IFRS S2) in the Sultanate of Oman. These standards, issued by the International Sustainability Standards Board (ISSB)

Silica Sand Project Begins Production in Mahout

Mahout: Minerals Development Oman (MDO), in collaboration with the Earth Sciences Consultancy Center, has announced the commencement of production at the Silica Sand Project located in the Wilayat of Mahout within exploration block F51. According to Oman News Agency, this strategic milestone aims to support the growth of Oman’s mining

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…