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September 10, 2024

Oil Prices Fall amid Weak Demand, Supply Disruptions

Oil prices edged down today, as weak Chinese demand and supply disruptions, along with the risk of a global oversupply continued to weigh on the market.

Brent crude futures were down 4 cents, or 0.06%, to $72.80 a barrel.

US West Texas Intermediate …

Dollar Stable, Yen Declines as Investors Await US Inflation Data

The dollar remained stable today, while the yen slightly retreated from its highest level in a month as investors await US inflation data and anticipate a large interest rate cut from the US Federal Reserve next week.

The dollar showed little change,…

Gold Falls ahead of US Inflation Data

Gold prices fell today as the dollar rose, as traders await key US inflation data, which could indicate the size of the US interest rate cut next week.

Spot gold fell 0.1% to $2,503.09 per ounce, while US gold futures were steady at $2,532.20.

The d…

HH Sayyid Bilarab Visits Omantel Innovation Labs

HH Sayyid Bilarab bin Haitham Al Said, Honorary President of the ‘Programme of Promising Omani Startups’ (POPS) visited Omantel Innovation Labs at the company’s headquarters in Madinat Al Irfan today.

HH Sayyid Bilarab toured Omantel Innovation Labs….

Australia backs UK decision to curb arms sales to Israel

SYDNEY: Australia is coordinating with the UK and other allies to ‘pressure’ Israel to alleviate the suffering of Palestinian civilians in Gaza and to stop the erosion of longstanding norms protecting aid workers.

The Australian government has also e…