Fitch ratings: Fitch Ratings has upgraded the credit rating of Energy Development Oman (EDO) to investment grade at ‘BBB-‘, assigning a stable outlook. This action follows the agency’s recent upgrade of the Sultanate of Oman’s sovereign credit rating …
Muscat: A delegation from the International Labor Organization (ILO), led by Gilbert Houngbo, Director-General of the ILO, paid an official visit to the Social Protection Fund. The visit aimed to enhance cooperation between the ILO and the Fund and re…
Muscat: Gold prices edged higher today, supported by expectations that the United States may cut interest rates next month. Spot gold rose about 0.1% to $4,304.92 per ounce, while US gold futures climbed to $4,333.20 per ounce. Gold has gained more th…
Muscat: The US dollar today fell in early Asian trading, hovering near its lowest level in nearly two months. The dollar index, which measures the greenback against a basket of major currencies, slipped 0.2% to 98.261, close to its weakest level since…
Muscat: ITHCA Group today announced three strategic investments aimed at enhancing the growth of Omani tech startups and strengthening the depth of the growing partnership between the Sultanate of Oman and the Kingdom of Saudi Arabia in the telecommun…
Muscat: Oil prices fell in early trading today, extending losses from the previous session: Oil prices fell in early trading today, extending losses from the previous session. Brent crude futures fell 24 cents, or 0.40%, to $60.32 a barrel, while US W…
