Thursday, November 5, 2026

Business

Oman Oil Price Drops 16 Cents

Muscat: Oman oil price for November delivery in 2025 has reached 71.48 US Dollars, marking a decrease of 16 cents compared to the previous day’s price of 71.64 US Dollars. According to Oman News Agency, the average price of Oman oil for September delivery in 2025 has stabilized at 71.20

SOHAR Port and Freezone Signs Agreement to Develop Sustainable Shore Power Project

Muscat: SOHAR Port and Freezone signed an agreement to develop a landmark project aimed at establishing an advanced shore power infrastructure at SOHAR Port’s container terminal. This is a collaborative effort with MoonRock as the lead investor and PowerCon Denmark as the technical partner. According to Oman News Agency, this

Oman Oil Price Gains 1.12 US Dollars

Muscat: Oman oil price for November delivery 2025 today reached 71.64 US Dollars, marking a rise of 1.12 US Dollars compared to Monday’s price, which stood at 70.52 US Dollars. According to Oman News Agency, the average price of Oman oil for September delivery 2025 has stabilized at 71.20 US

OPAZ Showcases Investment Opportunities at Pharmaconex Exhibition in Cairo

Cairo: The Public Authority for Special Economic Zones and Free Zones (OPAZ) has showcased investment opportunities in the pharmaceutical sector to international companies taking part in Pharmaconex 2025 exhibition currently being held in Cairo. According to Oman News Agency, Oman’s delegation at the exhibition comprises specialists from OPAZ, the Public

Oil Rises on Supply Disruptions Concerns

Muscat: Oil prices rose today as escalating tensions between Russia and Ukraine heightened concerns over supply disruptions. Brent crude added 40 cents, or 0.59%, to $68.55 a barrel, while US West Texas Intermediate was at $65.06 a barrel, up $1.05, or 1.64%. According to Oman News Agency, WTI futures did

Gold Hits Record High on Rate-Cut Bets, Weaker Dollar

Muscat: Gold prices climbed to an all-time high today, extending gains to a sixth session on the back of a weaker dollar and rising bets of a US interest rate cut this month. Spot gold was up 0.5% at $3,492.26 per ounce, after hitting a record high of $3,508.50. US

Dollar Rebounds in Asian Markets as Gold Reaches Historic Heights

Tokyo: The US dollar clawed back some ground in Asian trading today. The dollar index was last up 0.2% at 97.873, having touched its lowest since July 28 on Monday. Gold hit an all-time high. According to Oman News Agency, against the yen, the dollar was 0.4% stronger at 147.81

European Stocks Fall Amid Anticipation of Eurozone Inflation Report

European stocks declined today:uropean stocks declined today, with investors awaiting the release of the eurozone inflation report due later in the day. According to Oman News Agency, the STOXX 600 index fell 0.1 percent to 550.48 points, with the food and beverage sector leading the losses, dropping 1.2 percent. In

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…