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Author: Web Desk

Japan’s May Current Account Surplus Hits Record High

Tokyo, Japan’s Finance Ministry said that the country’s current account surplus for May hit a record high for that month.

The surplus stood at 2.85 trillion yen, or 17.7 billion dollars. That’s up more than 41 percent on year and the highest for May …

Gold Edges Higher After Falling over 1%

Singapore, Gold prices firmed today as the dollar remained soft, with investors awaiting Federal Reserve Chair Jerome Powell’s testimony and June inflation data to assess the next policy move by the US central bank.

Spot gold rose 0.4% at $2,368.06 p…

Oil Prices Drop to a Week Low

New York, Oil prices dropped by about one percent at the close of today’s trading session, marking their lowest level in a week. Brent crude futures fell by 79 cents, or 0.9 percent, settling at $85.75 per barrel. Similarly, West Texas Intermediate (W…

State Public Revenue till May 2024 Stand at over RO 5 Billion

Muscat, The State’s public revenue at the end of May 2024 amounted to RO 5,075 million, down by 7% compared to RO 5,463 million registered over the same period in 2023. This is mainly due to a decrease in hydrocarbon and non-hydrocarbon revenues, acco…

Oman Oil Price Drops 53 Cents

Muscat, Oman oil price (September delivery 2024) today reached 85.54 US Dollars, comprising a drop by 53 cents compared to the price of yesterday (Monday) which stood at 86.07 US Dollars.

The average price of Oman oil (July delivery 2024) has stabili…