Monday, November 2, 2026

Business

Gold Prices Recover as Dollar Weakens

Manila:Spot gold prices rose more than one percent, rebounding from a one-week low reached in the previous session. This increase comes as the dollar weakened, prompting investors to assess the potential for a US interest rate hike this month followin…

Japan and US Agree on $21 Billion Semiconductor Production Deal

New York:Japan announced that it has reached an agreement with the United States on a semiconductor manufacturing project in New York, with investments totaling nearly $21 billion.

According to Oman News Agency, this project is part of the investmen…

Asian Currencies Weaken Amid US Rate-Hike Concerns

Manila:Most emerging-market currencies in Asia experienced a decline today following US inflation data that strengthened expectations of an interest rate increase by the Federal Reserve. This development has raised investor worries about higher borrow…

Bank Muscat Records 9.2% Increase in Net Profit

Muscat:Bank Muscat reported a net profit of RO 209.18 million for the first nine months of 2026, marking an increase of 9.2% compared to RO 191.57 million during the same period in 2025.

According to Oman News Agency, the bank’s financial data revea…

Oman Crude Oil Price Decreases Slightly

Baku:The official price of Oman crude oil for December delivery reached USD 108.86 per barrel today.

According to Oman News Agency, this price represents a decrease of 3 cents compared to yesterday’s price of USD 108.89 per barrel.

The monthly ave…

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