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Day: June 2, 2025

State Council Analyzes Income Diversification Strategy in Oman

Muscat: The State Council’s office convened to discuss a study titled “Mechanism for Diversifying Sources of Income in the Sultanate of Oman” during its fifth meeting of the second regular session of the Eighth Term. Sheikh Abdulmalik bin Abdullah Al …

MSX 30 Index Sees Marginal Gains Amid Increased Trading Activity

Muscat: Muscat Stock Exchange (MSX) 30 index today closed at 4,570.79 points, marking an increase of 5.6 points or 0.12 percent from the previous trading session’s close of 4,565.23 points.

According to Oman News Agency, the trading value today surg…

Gold Prices Climb on US Tariff Threat

Muscat: Gold prices climbed today as US President Donald Trump’s fresh threat to double tariffs on imported steel and aluminum prompted investors to seek refuge in safe-haven bullion. Spot gold was up 0.6% at $33309.89 an ounce.

According to Oman Ne…

Oil Prices Up Following OPEC+ Decision

Muscat: Oil prices rose by more than one dollar per barrel today, supported by the decision of the OPEC+ group to increase production in July by the same amount as in the previous two months. Brent crude futures climbed $1.46, or 2.33%, to $64.24 per …