Thursday, November 5, 2026

Business

Oman Oil Price Gains 33 Cents

Muscat: Oman oil price for October delivery 2025 today reached 70.38 US Dollars, marking an increase of 33 cents compared to yesterday’s price of 70.05 US Dollars. According to Oman News Agency, the average price of Oman oil for August delivery 2025 has stabilized at 69.37 US Dollars per barrel.

Oman, Saudi Arabia Collaborate to Boost Business and Industrial Integration

Muscat: Acting in cooperation with the Saudi Export Development Authority, the Ministry of Commerce, Industry and Investment Promotion organized bilateral meetings in Muscat between Omani factory entrepreneurs and their Saudi counterparts. The discussions centered on enhancing economic, commercial, and investment relations between Oman and Saudi Arabia, focusing on vital sectors

MSX Gains 4 Points

Muscat: Muscat Stock Exchange (MSX) 30 Index today closed at 5014.39 points, marking a rise of 4.5 points (0.09%) from the previous session’s close of 5009.92 points. According to Oman News Agency, the trading value reached RO 22,530,079, reflecting a 43.6% increase compared to the last session’s RO 39,921,711. The

Gold Hits 2-Week High as Dollar Slides

Muscat: Gold today rose to a two-week high, as the dollar slipped after US President Donald Trump said he was removing Federal Reserve Governor Lisa Cook. Spot gold rose 0.5% to $3,384.34 per ounce, after hitting its highest level since 11 August 2025 earlier in the session. According to Oman

Dollar Drops after Trump Fires Fed’s Cook

Muscat: The US dollar today surrendered gains in early trading in Asia after US President Donald Trump said he was removing Federal Reserve Governor Lisa Cook from her position. The dollar index fell 0.3% to 98.187 after Trump made the announcement in a letter to Cook that he posted on

Oil Eases After Rising to 2-Week High

London: Oil prices today edged down, after surging nearly 2% in the previous session. Brent crude futures fell 16 cents, or 0.23%, to $68.64 per barrel, while West Texas Intermediate (WTI) crude futures also lost 16 cents, or 0.25%, to $64.64. Both contracts rose to their highest in over two

European Stocks Retreat from Record Highs as Renewable Sector Slumps

Muscat: European equities pulled back today, easing from near-record levels as a sharp sell-off in renewable energy stocks offset momentum from broad optimism over prospective U.S. monetary easing. The decline was led by heavy losses in the green energy sector following a regulatory blow to a major offshore wind project.

Gold Eases from Two-Week High Amid Stronger Dollar

Muscat: Gold prices today retreated, pulling back from a two-week high reached in the previous session as a stronger U.S. dollar exerted downward pressure. Despite the dip, the metal continued to draw underlying support from growing expectations of U.S. interest rate cuts, reinforced by Federal Reserve Chair Jerome Powell’s recent

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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…