Monday, November 2, 2026

Business

MSX Index Declines by 254 Points Amidst Decrease in Trading Value

Muscat: The Muscat Stock Exchange “MSX 30” index closed today at 7,152.35 points, marking a significant drop of 254.7 points, or 3.44 percent, compared to the previous session’s close of 7,407.09 points.

According to Oman News Agency, the trading va…

Gold Slips as Oil Surge Fuels Inflation and Rate Hike Fears

Muscat: Gold prices fell today as escalating US-Iran hostilities pushed Brent crude above $90 a barrel, stoking inflation concerns and reinforcing expectations that the Federal Reserve may need to raise interest rates to curb price pressures.

Accor…

Dollar Strengthens as US-Iran Conflict Fuels Safe-Haven Demand

Muscat: The dollar edged higher against most major currencies at the start of Asian trading today, as the escalating US-Iran conflict drove oil prices higher and kept investor sentiment fragile following last week’s market turbulence.

According to O…

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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…

Oman Engages in 31st GCC Legislation Officials Meeting in Bahrain

Baghdad:The Sultanate of Oman, represented by the Ministry of Justice and Legal Affairs, took part in the 31st meeting of the GCC Permanent Committee of Officials of Legislation Departments held in the Kingdom of Bahrain. The Omani delegation was led …