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Day: August 6, 2024

CBO Releases its 12th Financial Stability Report

The Central Bank of Oman (CBO) has released its 12th Financial Stability Report (FSR) for 2024, emphasizing the resilience of the Omani financial system amid heightened global geopolitical tensions and persistently elevated interest rates.

Despite th…

Oman Oil Price Rises 46 Cents

Oman oil price (October delivery 2024) reached 75.01 US Dollars, comprising a rise by 46 cents compared to the price of yesterday Monday which stood at 74.55 US Dollars.

The average price of Oman oil (August delivery 2024) has stabilized at 82.50 US …

MSX Drops 44 Points

Muscat Stock Exchange (MSX) general index (30) today gained (46.4) points, comprising a rise by (1.01%) to close at (4648.67) points, compared to the last session, which stood at (4602.25) points.

The trading value today stood at (RO 1,416,425), comp…

Gold Prices Rise on US Federal Reserve Rate Cut Expectations

Gold prices edged higher today after comments from Federal Reserve officials reinforced expectations of bigger US interest rate cuts later this year (2024).

Spot gold was up 0.1% to $2,408.77 per ounce, while US gold futures rose 0.2% to $2,449.50.