Thursday, November 5, 2026

Business

Gold Extends Record Run as US Rate-Cut Bets Lift Appeal

New york: Gold prices extended their record run today, holding firm above the key $3,500 level, driven by growing investor confidence that the US Federal Reserve will cut interest rates in September. Spot gold was up 0.2% at $3,540.64 per ounce, and US gold futures for December delivery gained 0.4%

Oil Dips but Remains Near Month’s High

Muscat: Oil prices eased in Asia today but held near one-month highs, while traders looked ahead to an OPEC+ meeting over the weekend. Brent crude fell 19 cents, or 0.3%, to $68.95 a barrel. US West Texas Intermediate crude dipped 16 cents, or 0.2%, at $65.43 a barrel. The benchmarks

Japanese Stocks Close at 4-Week Low Amid Bank Stock Decline

Tokyo: Japanese shares ended at their lowest in nearly four weeks today, weighed down by a decline in bank stocks. The Nikkei lost 0.88 percent to close at 41,938.89, while the broader Topix slipped 1.07 percent to 3,048.89. Both indexes marked their lowest closing levels since Aug. 8. According to

European Stocks Rise as Bond Selling Stabilizes

Muscat: European stocks rose today, recovering after sharp losses suffered in the previous session, as selling in long-term bonds appeared to stabilize amid anticipation of US jobs data. The pan-European Stoxx 600 index climbed 0.4 percent to 545.35 points, boosted by a 1.3 percent gain in the technology sector, which

Qatari Delegation Explores Oman’s Experience in Investment Promotion

Muscat: A delegation from the Ministry of Commerce and Industry of the State of Qatar visited the Ministry of Commerce, Industry, and Investment Promotion as part of efforts to enhance bilateral cooperation and exchange expertise between the two countries. According to Oman News Agency, during the visit, the Qatari delegation

Oman, Saudi Arabia Ink MoU to Enhance Statistical Cooperation

Muscat: The Sultanate of Oman and the Kingdom of Saudi Arabia today signed a memorandum of understanding (MoU) for cooperation in the fields of statistics and information. The MoU, signed at the National Centre for Statistics and Information (NCSI), was aimed to consolidate the existing partnership between the two countries.

Global Technology Exhibition “COMEX 2025” to Launch 8 September

Muscat: The 34th edition of the Global Technology Exhibition “COMEX 2025” will commence on 8 September at Oman Convention and Exhibition Centre, under the patronage of HH Sayyid Shihab bin Tarik Al Said, Deputy Prime Minister for Defence Affairs. According to Oman News Agency, the four-day event is organized by

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…