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October 2, 2024

US Dollar Firm Amid Geopolitical Tensions in Middle East

The US dollar held its sharpest gain in a week today, amid concerns over the situation in the Middle East.

The US dollar index rose about 0.5% overnight to 101.2, its largest rise since 25 September 2024.

Early Asia moves were slight, leaving the eu…

Gold Prices Fall After Dollar Rise

Gold prices eased today as the US dollar held firm, while investors looked for more US economic data for further cues on upcoming rate cuts by the Federal Reserve.

Spot gold was down 0.5 percent at USD 2,649.17 per ounce.

US gold futures eased 0.7 p…

Korea’s Exports Rise for 12th Month on Semiconductor Boost

South Korea’s smartphone exports rose for the seventh consecutive month, increasing by 19% to $1.91 billion in September 2024, spurred by the release of new models.

Computer exports more than doubled to $1.5 billion, driven by demand from the US and …

First Investment Projects Worth RO 830 Million: Future Fund

Oman Future Fund, owned by Oman Investment Authority (OIA), announced the first batch of its investment projects in partnership with local companies and international investors, with a total value exceeding RO 832 million, including foreign investment…

Oman’s Import Price Index Declines 1.5%

The import price index (IPI) in the Sultanate of Oman went down by 1.5 percent at the end of the second quarter of 2024, compared to the corresponding period in 2023. The drop stands at 3.3 percent when compared to the first quarter of 2024, according…