Category: Business

Dubai: Precious metals kick-started the New Year on a strong note on Friday, resuming their rally after unprecedented gains in 2025. Spot gold climbed 1.3 percent to $4,372.02 per ounce as of 0357 GMT, after hitting a record high of $4,549.71 on Decem…

Muscat: Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, conducted an extensive field visit to the complexes of the “Tsingshan Holding Group” in the People’s Republic of Chi…

Muscat: The Tender Board today approved a major portfolio of government contracts and project proposals valued at more than RO 363 million during its fourth meeting of the year (2025). The meeting was chaired by Dr. Said bin Mohammed Al Saqri, Ministe…

New york: The US dollar steadied today but remained on track to post its steepest annual decline since 2017. The currency’s weakness throughout 2025 has been fueled by successive interest rate cuts and persistent market anxiety over the nation’s fisca…

London: Oil prices fell today, poised to close 2025 with a decline exceeding 15 percent after a year in which persistent oversupply overshadowed geopolitical turmoil, tariff increases, rising OPEC+ production, and sanctions on major producers.

Acco…

Muscat: Muscat Stock Exchange (MSX) main index closed higher today, increasing by 0.11 percent. The MSX 30 Index concluded the trading session at 5,866.80 points, registering a rise of 6.4 points from the previous close of 5,860.38 points.

According…

Muscat: Bank Muscat announced that it successfully managed series 10 of the Sovereign Sukuk Issuance launched by Oman Sovereign Sukuk Company, with a total value of RO 200 million. The sukuk carries a 7-year maturity and offers an annual profit rate o…

Oman: Oman oil price for February delivery in 2026 has reached 60.44 US Dollars, marking a decrease of 88 cents compared to yesterday’s price of 61.32 US Dollars.

According to Oman News Agency, the average price of Oman oil for December delivery in 2…