Muscat: The Muscat Stock Exchange 30 Index closed on Sunday at 4,565 points, marking an increase of 0.33 percent or 15 points from the previous trading session’s close of 4,549.98 points. Trading activity saw a value of OMR 9,885,581, which was a decr…
Business
OPEC+ to Raise Oil Output by 548,000 Barrels Daily in August
Vienna: OPEC+ announced Saturday it will increase oil production by 548,000 barrels per day in August, compared to July levels.
According to Yemen News Agency, the decision followed a virtual meeting to assess market trends and outlooks. The group c…
Omani Oil Price Rises by More Than $1 Per Barrel
Muscat: The price of Omani oil experienced an increase of $1.08 per barrel on Thursday, with the price reaching $69.78 compared to Wednesday’s price of $68.70.
According to Yemen News Agency, the official price of Omani oil for September delivery to…
European Stocks Rise as Tensions Between Beijing, Washington Ease
Muscat: European stocks rose on Thursday, supported by easing tensions between Beijing and Washington and renewed optimism about the possibility of reaching global agreements in light of the signing of a trade agreement between the United States and V…
US Public Debt Surpasses $36 Trillion Amidst Treasury Bond Volatility: Report
Washington: A new report from the US Treasury Department reveals the US public debt has exceeded $36.22 trillion. This comes as the government faces the challenge of refinancing $11 trillion in maturing debt-nearly a third of the total-over the next 1…
Muscat Stock Exchange Index Closes Up 0.25%
Muscat: The Muscat Stock Exchange (MSX) 30 index ended the trading session on a positive note, closing at 4,524.79 points. This marks an increase of 11.3 points, or 0.25%, from the previous session’s close of 4,513.51 points.
According to Yemen News …