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Day: June 3, 2026

Seven MoUs Signed During Oman-Belarus Business Forum

Minsk: Seven memoranda of understanding (MoUs) were signed today during the Oman-Belarus Business Forum, held in the city of Minsk. The signing took place on the sidelines of the Omani trade delegation’s visit to the Republic of Belarus.

According t…

Gold Prices Fall as Middle East Developments Accelerate

Muscat: Gold prices fell today as renewed hostilities in the Middle East pushed crude oil prices higher, reinforcing concerns that interest rates will remain elevated for longer to curb inflation.

According to Oman News Agency, spot gold dropped 0.2…

Oil Prices Rise More than 1% in Early Trading

Muscat: Oil prices rose more than 1% in early trade today as diplomatic efforts between Iran and the United States faltered and markets closely monitored developments related to the conflict in the Middle East and their potential impact on global ener…

US Dollar Gains as US-Iran Talks Falter

Muscat: Oil prices today rose for a third day running as fresh hostilities flared in the Gulf after US-Iran peace talks stalled. Against a basket of currencies, the dollar was steady at 99.28, having risen slightly overnight. The dollar rose 0.04% to …

European Stocks Fall as Oil Prices Rise

Muscat: European stock markets opened lower today, pressured by renewed tensions in West Asia and rising oil prices, while developments on the ground reduced hopes of reaching a near-term agreement that would ease the crisis.

According to Oman News…

Asyad Group Acquires Controlling Stake in Uzbek Logistics Assets

Tashkent: Asyad Group announced the completion of a strategic acquisition deal for a stake that grants it administrative and operational control over key logistical assets in the Republic of Uzbekistan, a step that embodies its direct entry into one o…