Muscat: Oil today extended gains, lifted by hopes of improved economic activity after the US-EU trade deal, a potential US-China tariff truce and President Donald Trump’s shorter deadline for Russia to end the Ukraine war. Brent crude futures were up 24 cents, or 0.34%, to $70.28 a barrel, while US
Frankfurt: The euro today struggled to recoup its steep losses as investors sobered up to the fact that terms of the trade deal between the US and the European Union (EU) favored the former and hardly lifted the economic outlook of the bloc. The euro last traded at $1.1594, after
Muscat: The Sultanate of Oman’s trade balance recorded a surplus of RO 2.454 billion by the end of May 2025. This represents a 38.5 percent decrease compared to the same period in 2024, which saw a surplus of RO 3.989 billion. According to Oman News Agency, preliminary statistics issued by
Muscat: Gold prices edged lower in early trade today, weighed down by easing concerns over a global tariff war and a stronger US dollar, while investors focused on the Federal Reserve policy meeting for interest rate clues. Spot gold was down 0.2% at $3,308.39 per ounce. Bullion hit its lowest
Muscat: Abraj Energy Services has entered into a strategic agreement with Petroleum Development Oman (PDO) to supply six onshore drilling rigs for Concession Area 6, a vital component of Oman’s energy infrastructure. The drilling operations are anticipated to commence gradually from the fourth quarter of 2026. This significant expansion in
Muscat: Oman oil price for September delivery 2025 reached 73 US Dollars today, marking an increase of 1.72 US Dollars compared to yesterday’s price of 71.28 US Dollars. According to Oman News Agency, the average price of Oman oil for July delivery 2025 has stabilized at 63.62 US Dollars per
Muscat: Gold prices today fell to their lowest in nearly two weeks, as a framework trade agreement between the United States (US) and European Union (EU) reduced appetite for safe-haven assets. Spot gold was down 0.1% at $3,332.39 per ounce, after touching its lowest level since 17 July 2025. US
Muscat: The euro today edged higher after the United States (US) and the European Union (EU) announced a framework trade agreement, boosting investor confidence. In Asian trading, the euro rose 0.2% to $1.1763 and gained a similar 0.2% against the yen, reaching 173.78 yen. According to Oman News Agency, the
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…
El Eulma:Algeria The Sultanate of Oman is showcasing its cinematic talent at the Algeria International Contemporary Cinema Days with its short film “Beta Carotene.” Directed by Mohammed Al Daroushi, the film is part of the inaugural events taking plac…
Muscat:The Otology and Ear Surgery team at the University Medical City has successfully completed the first middle ear hearing implant surgery in the Sultanate of Oman. This two-hour operation has restored hearing for a female patient who had been suf…
Muscat:Cultural relations between the Sultanate of Oman and the People’s Republic of China trace back to a rich history of civilizational contact, characterized by commercial exchange and people-to-people interactions. Ancient maritime trade routes fa…
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…
