Thursday, November 5, 2026

Business

Oil Prices Rise Ahead of Anticipated US-Russian Meeting

Muscat: Oil prices rose today, following a sell-off in the previous session ahead of the anticipated meeting between the US President and his Russian counterpart. Brent crude futures rose 28 cents, or 0.43%, to $65.91 a barrel, while US West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.37%,

Dollar Declines Amid Expectations of Interest Rate Cut

Muscat: The US dollar fell to its lowest level in several weeks against major currencies today, amid market expectations that the US Federal Reserve will resume cutting interest rates next month. The dollar index, which measures the performance of the US currency against a basket of major currencies, dropped to

Over 800 Omani Professionals Employed in Strategic Water Projects

Muscat: Nama Water Services has announced the creation of more than 800 new job opportunities in project-related roles within supporting companies, including consultants and contractors executing strategic projects across various governorates of the Sultanate of Oman. This initiative aligns with the company’s commitment to enhancing national workforce participation in vital

Oman Oil Price Rises 30 Cents

Muscat: Oman oil price for October delivery 2025 has reached 67.66 US Dollars, marking an increase of 30 cents compared to the previous day’s price of 67.36 US Dollars. According to Oman News Agency, the average price of Oman oil for August delivery 2025 has stabilized at 69.37 US Dollars

Gold Rises After Weak US Data

Muscat: Gold edged higher today, supported by a weaker dollar after mild US inflation data cemented bets for an interest rate cut in September. Spot gold was up 0.2% at $3,351.46 per ounce, and US gold futures for December delivery were steady at $3,399.60. According to Oman News Agency, the

Dollar Declines on September Rate Cut Expectations

New york: The dollar weakened today after a tame reading on US inflation bolstered expectations of a Federal Reserve rate cut next month. The dollar index, which measures the performance of the US currency against a basket of major currencies, fell to 98.02 points, continuing its decline of 0.5% on

US National Debt Tops $37 Trillion for First Time

Washington: The US national debt has exceeded $37 trillion for the first time in the country’s history. Data released by the US Treasury Department yesterday “Tuesday” showed gross national debt reaching $37.005 trillion. According to Oman News Agency, the Congressional Budget Office has indicated that federal debt could climb to

Economic Seminar in Salalah Discusses Future of Sustainable Energy, Facilities Management

Salalah: An economic seminar titled ‘The Future of Sustainable Energy and Facilities Management’ was held today in the Wilayat of Salalah. Organized by Oman Chamber of Commerce and Industry (OCCI) branch in Dhofar Governorate, in cooperation with Global Chemical Systems and Maintenance Company, the event explored future transformations and innovative

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…