Thursday, November 5, 2026

Business

UNCTAD Warns: Reciprocal Tariffs Threaten Vulnerable Developing Economies

Muscat: The UN Trade and Development (UNCTAD) called for exempting the poorest and most vulnerable economies from reciprocal tariffs. US President Donald Trump imposed steep import tariffs from 11% to 50% on 57 trading partners – including the European Union – on 9 April 2025 only to pause the duties

Oil Prices Rise on Potential US Tariff Exemptions on Cars

Muscat: Oil prices today climbed in early trading, boosted by new tariff exemptions floated by US President Donald Trump. Brent crude futures gained 27 cents, or 0.42%, to $65.15 per barrel, while US West Texas Intermediate crude rose 26 cents, also 0.42%, to $61.79. According to Oman News Agency, in

Gold Prices Increase Amid Uncertainty Over US Tariff Plans

Muscat: Gold prices today rose amid continued uncertainty over US President Donald Trump’s tariff plans and their impact on the global economy. Spot gold was up 0.5% at $3,226.24 an ounce, following a record high of $3,245.42 in the previous session. US gold futures also edged up 0.5% to $3,242.50.

MSX Gains One Point Amid Significant Trading Surge

Muscat: Muscat Stock Exchange (MSX) general index (30) today gained 1.8 points, marking a rise of 0.04% to close at 4278.02 points, compared to the last session, which stood at 4276.22 points. According to Oman News Agency, the trading value today was recorded at RO 18,363,217, showing a surge of

Oman Airports Witness Over 2.5 Million Passengers by February 2025

Muscat: The total number of passengers traveling through the airports of the Sultanate of Oman by the end of February 2025 reached 2,535,246. Meanwhile, the total number of flights landing and departing from the airports of the Sultanate of Oman by the end of February 2025 reached 16,705 flights. According

Digital Accessibility Guide Launched to Enhance Inclusivity

Muscat: The Ministry of Transport, Communications, and Information Technology, represented by the National Program for Government Digital Transformation “Tahawul,” today launched the Digital Accessibility Guide. The initiative aims to enhance digital inclusion and ensure that services are accessible to all segments of society, including people with disabilities and the elderly.

Bank Muscat Posts Net Profit of RO 58.56 Million

Muscat: Bank Muscat announced a net profit of RO 58.56 million during the first quarter of 2025 compared to RO 54.24 million during the corresponding period in 2024, comprising a rise by 8%. According to Oman News Agency, net interest income from conventional banking and net income from Islamic financing

China Signals Readiness to Cooperate with EU to Defend International Trade Rule

Beijing: China stands ready to work with the international community, including the European Union, to defend international trade rules, fairness and justice, a Chinese foreign ministry spokesperson said. According to Oman News Agency, Spokesperson Lin Jian made the remarks at a daily news briefing when asked to share more information

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…