Thursday, November 5, 2026

Business

Forum Discusses Strategic Foresight Culture Amid Economic, Technological Transformations

Muscat: The “Future Foresight Forum” kicked off today at Oman Chamber of Commerce and Industry (OCCI), discussing strategic foresight culture in light of economic and technological transformations. The three-day event is organized by the Global Development Academy for Training and the Al-Marji’ Academy for Consultancy and Administrative Development, in collaboration

Omani Tourism Sector Investments Reach RO 2.59 Billion

Muscat: The Ministry of Heritage and Tourism has clarified that signing usufruct agreements across various governorates of the Sultanate of Oman contributes to the development of the tourism sector and enhances the quality of the tourism experience, as part of efforts to boost tourism investments and achieve sustainable development goals.

Gold Nears Two-Month High

Muscat: Gold prices today rose to a near two-month high Spot gold was little changed at $3,428.89 an ounce, after hitting its highest level since 22 April 2025 earlier in the session. US gold futures were down 0.1% to $3,448.10. According to Oman News Agency, elsewhere in the precious metals

Dollar Inches Up in Early Asian Trading

Muscat: The dollar today firmed against major currencies, driven by safe-haven buying from investors. The dollar rose 0.14% to 144.3 Japanese yen, while the euro was 0.14% lower at $1.1534. According to Oman News Agency, in early Asia hours, the greenback was steady against the Swiss franc at 0.81, while

Oil Surges Amid Escalating Middle East Tensions

Muscat: Oil prices today jumped in early Asian trade amid escalating tensions in the Middle East. Brent crude futures rose $1.70, or 2.3%, to $75.93 a barrel. US West Texas Intermediate crude climbed $1.62, or 2.2%, to $74.60. They surged more than $4 earlier in the session. According to Oman

OQ Makes History as First Omani Firm to Adopt UNSPSC Procurement Standards via Tawreed

Muscat: OQ, the global energy investment group, has achieved a major milestone in procurement transformation by becoming the first company in the Sultanate of Oman to integrate the United Nations Standard Products and Services Code (UNSPSC) across both its material master and vendor management systems within the “Tawreed” platform. According

Oman’s Oil Exports Exceed 100 Million Barrels till April 2025

Muscat: The total oil exports recorded a drop of 3.4%, reaching 100,032,400 barrels by the end of April 2025, compared to 103,549,100 barrels during the same period in 2024 in the Sultanate of Oman, according to the data issued by the National Centre for Statistics and Information (NCSI). According to

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…