Thursday, November 5, 2026

Business

OPAZ Delegation Holds Meetings in London

London: A delegation from the Public Authority for Special Economic Zones and Free Zones (OPAZ), headed by Sheikh Dr. Ali bin Masoud Al Sunaidy, Chairman of the Authority, held a series of meetings in the British capital, London. The delegation included officials from various economic zones and free zones. According

Over 5 Million Mobile Internet Subscriptions in Oman

Muscat: The latest data from the National Center for Statistics and Information (NCSI) shows that Oman’s telecommunications sector continued to achieve remarkable growth rates by the end of July 2025. The statistics reveal that the total number of mobile service subscriptions reached 8,153,859 by the end of July 2025, a

European Stocks Fall as Banks Decline

Amman: European stocks fell today, driven by declines in bank and insurance shares that are heavily affected by interest rates, as investors await the monetary policy decision from the Federal Reserve (US central bank) tomorrow (Wednesday). The pan-European STOXX 600 index dropped 0.15 percent to 555.79 points, led by roughly

Oil Prices Remain Steady Amid Potential Russian Supply Disruption

London: Oil prices held steady in early trade today after rising in the previous session, as market participants contemplated potential supply disruption from Russia. Brent crude futures edged up 4 cents to $67.48 a barrel, while US West Texas Intermediate crude was at $63.32, up 2 cents. According to Oman

Gold Scales New High as Dollar Weakens Ahead of Fed Meeting

Amman: Gold prices today scaled a record peak, supported by a weaker dollar ahead of the Federal Reserve’s policy meeting this week, where the central bank is widely expected to cut borrowing rates. Gold prices have reached unprecedented levels, reflecting market anticipation and currency fluctuations. According to Oman News Agency,

Dollar on Back Foot as Traders Eye Series of Fed Rate Cuts

Amman: The US dollar today sank to a 2-1/2-month low against the euro with investors cemented bets for a Federal Reserve interest rate cut this week. The greenback changed hands just shy of a more than two-month low on the British pound while the euro was little changed early in

Oman Airports Confirms Surging Air Traffic During Khareef Dhofar Season 2025

Amman: Oman Airports confirmed a surge in air traffic during the Khareef Dhofar (monsoon) 2025 season, from early June to the end of August. This was driven by the increasing popularity of travel to Dhofar, known for its weather and recreational and cultural events. According to Oman News Agency, Salalah

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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…