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Category: Trading

Oil Inches Up as Middle East Tensions Loom Over Fragile Truce

Muscat: Oil prices edged higher in early trading today after Iran and Israel left open the possibility of renewed attacks, despite having halted combat operations in response to an appeal from US President Donald Trump. Brent crude futures rose 13 cen…

Future Fund Oman Inks Agreements Worth RO 583 Million

Muscat: The Future Fund Oman, under the umbrella of Oman Investment Authority, signed today agreements for 105 new projects with a total value of RO 583 million. The Fund’s investment commitments amount to RO 225 million, alongside local investments t…

Oman Crude Oil Price Drops by USD 4.79

Muscat: The official price of Oman crude oil for August 2026 delivery settled at USD 88.59 per barrel today. This represents a decrease of USD 4.79 from yesterday Monday’s price of USD 93.38.

According to Oman News Agency, the monthly average price f…

‘Kafaah’ National Program for Manufacturing Launched

Muscat: The Ministry of Commerce, Industry and Investment Promotion today launched the first phase of the Kafaah ‘competence’ Program for Manufacturing. This initiative is part of the Ministry’s ongoing efforts to develop the industrial sector and enh…

Future Fund Oman to Sign New RO 570 Million Investment Projects

Muscat: Future Fund Oman, owned by Oman Investment Authority (OIA), is set to sign a new package of investments and strategic projects this Tuesday, 9 June 2026, in several priority economic sectors, including renewable energy, industry and technology…