Thursday, November 5, 2026

Business

Oil Prices Fall on Rising US Inventories, Libyan Output

Muscat: Oil prices slid today, giving up some of last session’s gains, as an increase in US crude stockpiles and easing worries over Libyan supplies weighed on prices. Brent crude futures fell 18 cents, or 0.2%, to $77.31 a barrel, while US crude futures declined 15 cents, or 0.2%, at

Panel Discussion Focuses on Enhancing Investment in Transport, Logistics, IT Sectors

Muscat: The Authority for Small and Medium Enterprises Development (ASMED) today organized its 9th dialogue session, which focused on means of enhancing investments of small and medium enterprises (SMEs) and start-ups in the transport, logistics, and information technology (IT) sectors. According to Oman News Agency, the session dealt with three

MSX General Index Declines Despite Increased Trading Value

Muscat: Muscat Stock Exchange (MSX) general index (30) experienced a decline today, dropping 22.7 points, which represents a 0.50% decrease, closing at 4545.21 points. This marks a downturn from the previous session’s close of 4565.88 points. According to Oman News Agency, the trading value today saw a significant rise, reaching

Omani-Qatari Business Forum Explores Joint Investment Opportunities

Muscat: The Omani-Qatari Business Forum, held here today, explored opportunities of joint investments between the Sultanate of Oman and the State of Qatar in the fields of infrastructure, logistics, energy and converting industries. The forum also reviewed means of developing partnerships that serve local and regional markets and support sustainable

Oman Oil Price Drops 54 Cents

Muscat: Oman oil price (March delivery 2025) today reached 79.88 US Dollars, comprising a drop by 54 cents compared to the price of yesterday ‘Tuesday’ which stood at 80.42 US Dollars. According to Oman News Agency, the average price of Oman oil (January delivery 2025) stabilized at 72.46 US Dollars

Gold Eases on US Jobs Report

Muscat: Gold prices edged lower today as a stronger-than-expected US jobs report reinforced the Federal Reserve’s cautious stance on rate cuts and boosted the US dollar, weighing the bullion. Spot gold fell 0.2 percent to USD 2,684.39 per ounce.

Acc…

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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…