Monday, November 2, 2026

Business

Riyada Explores SME Impact on Food Security Sector

Muscat: Acting in cooperation with the Ministry of Agriculture, Fisheries and Water Resources, the Authority for Small and Medium Enterprises Development (Riyada) today organized its 20th dialogue session titled ‘Opportunities, challenges and impact o…

Oil Jumps as US Strikes on Iran Revive Supply Fears

Muscat: US oil prices surged about three percent in early trading today, extending gains from the previous session, after the US military launched a series of strikes on Iran, reigniting concerns that the fragile truce could collapse. West Texas Inter…

Dollar Holds One-Week High as US Resumes Strikes on Iran

Tokyo: The dollar held firm at its strongest level of the week against most major currencies at the start of Asian trading today, as the United States resumed strikes on Iran, reigniting geopolitical tensions and sending oil prices higher.

Accordin…

Oman Oil Price Rises by USD 5.01

Muscat: The official price of Oman crude oil for delivery in September 2026 settled at USD 71.36 per barrel today. Today’s price recorded an increase of USD 5.01 from yesterday’s price, which was USD 66.35 per barrel.

According to Oman News Agency, t…

Total Credit Balance in Oman’s Banking Sector Rises by 11.5%

Muscat: The consolidated balance sheet data of conventional and Islamic banks, also known as other depository corporations within the banking sector in the Sultanate of Oman, revealed an 11.5 percent increase in the total credit balance granted by the…

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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…