Monday, November 2, 2026

Business

Oil Falls on Weak China Demand Concerns

Oil prices eased today due to concerns over weak demand in China, the world’s largest crude importer.

Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel.

US West Texas Intermediate crude slid 33 cents, or 0.4%, to $77.26 pe…

Korea’s Economy on Growth Course Despite Slow Q2 Rates

The Republic of Korea’s economy unexpectedly slowed in the second quarter on softer private consumption and business investments, reinforcing expectations for a rate cut, but the central bank brushed off any excessive concern about the latest retreat …

Yen Rises While Main Japanese Stock Index Declines

The value of the Japanese currency rose to 152 yen against the dollar, benefiting from expectations that the Bank of Japan may normalize its monetary policy soon.

The Nikkei stock index logged on today its biggest single-day point fall in eight years…

Oman Oil Price Stable at 80.66 US Dollars

Oman oil price (September delivery 2024) remained steady today at 80.66 US Dollars, showing no change compared to yesterday Wednesday’s price.

The average price of Oman oil (July delivery 2024) has stabilized at 83.89 US Dollars per barrel, thus 5.41…

Recent posts

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…

Technology and Handicraft Art Exhibition Opens in Ibra

Ibra:The ‘Technology and Handicraft Art Exhibition’ was organized today in the Wilayat of Ibra by the SMEs Development Authority ‘Riyada’ in North A’ Sharqiyah. The event featured participation from craftsmen and representatives of small and medium en…