Thursday, November 5, 2026

Business

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

Effective Exchange Rate Index of Omani Rial Rises by End of May

Muscat: The effective exchange rate index of the Omani Rial experienced a 1.3 percent increase, reaching 119.1 points by the end of May 2025, compared to 117.6 points during the same period last year. According to Oman News Agency, preliminary data from the National Centre for Statistics and Information (NCSI)

UN Calls for Urgent, Coordinated Action to Launch Recovery Efforts in Lebanon

Muscat: The United Nations today called for urgent and coordinated action to launch recovery efforts in Lebanon, warning that the country’s protracted crisis is worsening under the combined impact of war and other compounding shocks. According to Oman News Agency, in a joint report released today titled “The Socio-Economic Impact

GCC Countries Record $587.8 Billion in Nominal GDP

Muscat: The latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) revealed that the nominal Gross Domestic Product (GDP) of the Gulf Cooperation Council (GCC) countries reached $587.8 billion by the end of the fourth quarter of 2024, up from

South Korea and US Gear Up for Critical Trade Negotiations Ahead of Tariff Deadline

Seoul: The Republic of Korea’s presidential office has announced a concerted effort to engage in trade negotiations with Washington, as high-level meetings are set for next week to address impending tariffs. This strategic move comes in response to looming trade barriers that could significantly impact bilateral relations. According to Oman

First Omani Company in Health Insurance Claims Management Launched

Muscat: The first company specializing in health insurance claims management, ‘Green Line Health Insurance Claims Management Company,’ has been launched in Oman. This marks a significant milestone as the first Omani company licensed for this activity, aligning with Oman Vision 2040. The company aims to provide globally standardized services using

MSX Declines 12 Points

Muscat: Muscat Stock Exchange (MSX) 30 Index today closed at 4,765.18 points, marking a decline of 12 points (0.25%) from the previous session’s close of 4,777.19 points. According to Oman News Agency, the trading value increased to RO 21,961,562, which reflects a 15.4% drop compared to the last session’s RO

SafaQat Platform Attracts National Investment to Boost Digital Transformation

Muscat: The Omani startup platform SafaQat or ‘Deals,’ which specializes in digital purchasing and procurement, has successfully completed a funding round with Future Fund Oman and the Idrak Group. This move reflects growing confidence in national technology projects and their ability to contribute to building a sustainable digital economy. SafaQat

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…