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Muscat Stock Exchange Index Posts Weekly Gain

Muscat: The benchmark index of Muscat Stock Exchange rose by 47 points last week to close at 7,225 points, supported by gains in many energy and services stocks. The stock, however, also witnessed limited profit-taking that weighed on shares of severa…

Oman Oil Price Up by over USD 3 per Barrel

Muscat: The official price of Oman oil for April delivery reached USD 70.12 per barrel (pb) on Thursday, comprising a USD 3.25 increase compared to Wednesday’s price of USD 66.87.

According to Qatar News Agency, the monthly average price of Omani cr…

Oil Prices Decline Amid Tensions Between US and Iran

Doha: Oil prices declined in early Asian trading on Thursday after rising four percent the previous day, as investors assessed efforts by the United States and Iran to resolve their dispute despite intensified military activities in the key oil-produc…

Gold Falls on Firm Dollar, Markets Await US Inflation Data

Doha: Gold prices edged lower on Thursday after a more than 2% gain in the previous session, as the US dollar firmed ahead of a key inflation report due later this week that could provide more cues on the US interest rate trajectory.

According to Q…