Thursday, November 5, 2026

Business

Oil Prices Record Sharp Decline

Muscat: Oil prices today fell sharply to their lowest levels in over a week. Brent crude futures were down $2.08, or 2.9%, at $69.40 a barrel, after earlier tumbling more than 4% and touching its lowest level since 11 June 2025. US West Texas Intermediate (WTI) crude declined $2.03, or

Gold Prices at 2-Week Low

Muscat: Gold prices today fell to a near two-week low. Spot gold fell 1.08% to $3,332.05 per ounce, after hitting its lowest level since 11 June 2025. US gold futures also declined by 0.9%, reaching $3,363.50. According to Oman News Agency, other precious metals showed varied performances. Spot silver saw

Oman Oil Price Declines 6.99 US Dollars

Muscat: Oman oil price (August delivery 2025) today reached 68.83 US Dollars, comprising a decline by 6.99 US Dollars compared to the price of yesterday “Monday”, which stood at 75.82 US Dollars. According to Oman News Agency, the average price of Oman oil (June delivery 2025) has stabilized at 67.87

OQX Celebrates Graduation of First Accelerator Cohort

Muscat: OQX, the research, development and innovation arm of OQ Group, has celebrated a major milestone with the graduation of the first cohort from its business accelerator programme. Thirteen startups took the stage to present their innovative solutions to a panel of energy and entrepreneurship experts from the Sultanate of

Forum in Algiers Highlights Algerian-Omani Economic Partnerships

Algiers: The Algerian-Omani Business Forum, titled ‘Algerian-Omani Economic Partnerships: Pioneering Fields and Promising Prospects,” was held today in the Algerian capital, as part of Oman’s participation as the guest of honor at the 56th Algiers International Fair. Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, emphasized that

MSX Gains 17 Points

Muscat: Muscat Stock Exchange (MSX) 30 Index today closed at 4,540.54 points, rising 17.1 points or (0.38%) from the previous session’s close of 4,523.42 points. Trading value increased to RO 17,360,211, marking an 18.7% rise compared to the last session’s RO 14,620,858. According to Oman News Agency, market capitalization grew

Oman Electricity & Energy Conference to Kick Off in October 2025

Muscat: The fourth edition of the Oman Electricity and Energy Conference 2025 will take place from 13-15 October 2025 at the Oman Convention and Exhibition Center. The event is organized by Nama Electricity Distribution Company. According to Oman News Agency, the announcement came during a press conference held today in

Dollar Declines as Global Currencies Gain Strength

New York: The US dollar today declined against other currencies in early trading. The dollar index, which measures the performance of the US currency against a basket of currencies, fell to 98.12, continuing its decline of more than 0.5% in the previous session. According to Oman News Agency, the risk-sensitive

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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…