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Month: July 2026

Total Credit Balance in Oman’s Banking Sector Rises by 11.5%

Muscat: The consolidated balance sheet data of conventional and Islamic banks, also known as other depository corporations within the banking sector in the Sultanate of Oman, revealed an 11.5 percent increase in the total credit balance granted by the…

Gold Edges Lower as Markets Eye Fed Minutes for Policy Clues

Geneva: Gold prices eased today, trading below the two-week high reached in the previous session, as investors awaited the release of the Federal Reserve’s June meeting minutes for signals on the policy direction of new Chair Kevin Warsh. Spot gold fe…

Oman Oil Price Rises by USD 2.51

Muscat: The official price of Omani crude oil for delivery in September 2026 settled at USD 66.35 per barrel today. This marked an increase of USD 2.51 from Monday’s price, which was USD 63.84 per barrel.

According to Oman News Agency, the monthly a…