Thursday, November 5, 2026

Business

Oil Prices Climb After US-EU Trade Deal

New york: Oil prices today rose after the United States (US) clinched a trade deal with the European Union (EU) and may extend a tariff pause with China. Brent crude futures inched up 22 cents, or 0.32%, to $68.66 a barrel. US West Texas Intermediate crude stood at $65.38 a

Gold Hits Two-Week Low as US-EU Trade Agreement Eases Market Concerns

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

Euro Rises as Dollar Index Dips Following US-EU Trade Framework

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

Foundation Stone Laid for RO 80 Million Tourism Complex in Salalah

Muscat: The Ministry of Heritage and Tourism celebrated today the laying of the foundation stone for an integrated tourism complex in the Junuf area of Salalah, with an estimated investment of RO 80 million, as part of efforts to develop tourism infrastructure in the Dhofar Governorate. According to Oman News

Oman’s Total Refinery Production Rises by 1.6%

Muscat: Oman’s total refinery production experienced a growth of 1.6 percent by the end of June 2025. This rise comes despite a notable decrease in MOGAS (motor gasoline) production for June 2025, which fell by 17.1 percent compared to the previous month. According to Oman News Agency, preliminary statistics from

Duqm Refinery Celebrates Export of 500th Oil Products Shipment

Duqm: Duqm Refinery marked a significant milestone with the export of its 500th shipment of refined petroleum products through its export terminal, reflecting the company’s rapid progress and solidifying its position as a strategic hub in global energy supply chains. According to Oman News Agency, the achievement underscores the refinery’s

Development Bank Approves 3,716 Loans in First Half of 2025

Muscat: The Development Bank approved 3,716 loans in the first half of 2025, with a total value of RO 110 million, marking a 13% growth compared to the same period last year. This comes as part of the bank’s efforts to achieve the objectives of “Oman Vision 2040”, aimed at

Oman Oil Price Drops 63 Cents

Muscat: Oman oil price for September delivery 2025 has reached 71.28 US Dollars, marking a decrease of 63 cents compared to last Friday’s price of 71.91 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

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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…