Thursday, November 5, 2026

Business

Oil Prices Surge Amid US-Iran Tensions and Inventory Concerns

Geneva: Oil prices climbed today, hovering near seven-month highs, as investors gauged whether US-Iran talks could avert a military conflict that risks supply disruptions, though gains were capped by a build in US crude inventories. Brent futures were…

Gold Rises Amid US Tariff Uncertainty

Mogadishu: Gold prices rose at the beginning of trading today by about one percent, as investors turned to the safe haven during Asian trading, while assessing the uncertainty surrounding the US tariffs imposed by President Donald Trump. Spot gold ros…

MSX Gains 95 Points

Muscat: The Muscat Stock Exchange “30” index concluded today’s trading session at 7,387.69 points, gaining 95.8 points, which constitutes a rise by 1.31 percent from the previous close of 7,291.91 points. Trading value soared to RO 82,654,797, marking…

Dollar Weakens, Yen Nears Two-Week Low

Mogadishu: The dollar weakened against several major currencies, while the wobbly yen was pinned near a two-week low, and the inflation surprise sent Australia’s dollar higher today. The Australian dollar rose 0.7 percent to $0.7109 after a pickup in …

Oil Prices Hover Near Seven-Month Highs Amid US-Iran Tensions

Mogadishu: Oil Near Seven-Month Highs Oil prices were hovering near seven-month highs today as the threat of military conflict between the US and Iran that could disrupt supply continues to worry investors even as talks between the parties are set for…

MSX Drops 7 Points

Muscat: The Muscat Stock Exchange “30” index concluded today’s trading session at 7,217.35 points, dropping 7.8 points, which constitutes a decline by 0.11 percent from the previous close of 7,225.18 points. Trading value soared to RO 35,470,364, mark…

Oman Explores Logistical Partnerships with Uzbekistan

Tashkent: Eng. Khamis Mohammed Al Shamakhi, Undersecretary of the Ministry of Transport, Communications and Information Technology for Transport, held a series of meetings and discussions with several government entities and businessmen in the Republi…

Recent posts

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…