The US dollar suffered steep losses today, with the Japanese yen on the back foot after a sharp rise in the previous session as traders contend with unwinding of popular carry trades and the prospect of deep rate cuts from the Federal Reserve.
The do…
The total electricity production in the Sultanate of Oman till the end of May 2024 grew by 1.4% to 15,769.6 gigawatts per hour, compared to 15,553 gigawatts per hour during the corresponding period in 2023, according to statistics released by the Nati…
Oil prices rose more than $1 today, reversing the previous days loss, amid concerns over a possible US recession reducing demand in the world’s largest oil consumer. Brent crude prices rose $1.25, or 1.6%, to $77.55 per barrel, while US West Texas Int…
South Korea’s financial authorities today said they were ready to take action to counter extreme market volatility.
This came after the Korean Composite Stock Price Index (KOSPI) recorded its worst ever collapse yesterday (Monday), falling 234.64 poi…
Nama Water Services continues working to achieve sustainability in the water sector and ensure water security in the Sultanate of Oman by implementing a package of strategic projects including establishing transmission lines, tanks and water networks …
The number of applications made for the registration and documentation of trademarks in the Sultanate of Oman, under the international trademark system, grew by 11 percent in 2023 to 13,043 as against 11,742 in 2022, according to the national Intellec…
