October 9, 2024

Hafeet Rail has signed the bank financing of the Hafeet Rail network project connecting the Port of Sohar with the United Arab Emirates (UAE), with a total value of RO 577 million in project finance debt, secured by Omani and Emirati banks, in additi…

The Board of Directors of the Public Authority for Special Economic Zones and Free Zones (OPAZ) today held its 4th meeting of the year (2024). The meeting was chaired by Dr. Ali Masoud Al Sunaidi, Chairman of the Public Authority for Special Economic…

The State’s Public Revenue At the end of August 2024 amounted to RO 8,106 million, up by RO 183 million compared to RO 7,923 million registered over the same period in 2023. This is mainly due to an increase in net oil revenue, according to the Fisca…

The US dollar drifted sideways today, giving some relief to the Japanese yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate outlook for the United States.

The US dollar …

Gold Prices held steady today as traders awaited cues on US interest rate policy from the minutes of the Federal Reserve’s latest meeting.

Spot gold held its ground at $2,622.24 per ounce, after falling more than 1% in the previous session. US gold …

Oil prices edged up today as developments in the Middle East took center stage against cautious demand expectations and ahead of a government meeting on China’s fiscal policy.

Brent crude futures rose 45 cents, or 0.6%, to $77.63 a barrel, while US …

Muscat Stock Exchange (MSX) general index (30) today gained (56.2) points, comprising a rise by (1.2%) to close at (4742.95) points, compared to the last session, which stood at (4686.77) points.

The trading value today stood at (RO 2,172,149), comp…

Director General of MI5 Ken McCallum said Tuesday that Russia’s intelligence agency has been on a mission to generate “sustained mayhem on British and European streets.” Giving his annual update on security threats faced by the UK, Ken McCallum said …

Oman LNG today signed a Sales and Purchase Agreement (SPA) with the Japanese company Kansai Electric Power FTS PTE. Ltd.

The agreement encapsulates the offtake of 0.4 Million Metric Tonnes Per Annum (MTPA) of LNG from Oman LNG for 4 years starting f…

Saudi Minister of Investment Khalid bin Abdulaziz along with a delegation of investors arrived at Nur Khan airbase in Islamabad on Wednesday on a three-day visit to Pakistan.

The delegation includes representatives the sectors of energy, mining, mi…