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Category: Trading

Gold Prices Steady as Investors Await US Economic Data

Gold prices held steady today, with investors awaiting key US inflation data due later this week to gauge the size of the Federal Reserve’s likely interest rate cut in September 2024.

Spot gold was little changed at $2,425.94 per ounce, and US gold f…

European Stocks Trade Higher

European stocks started trading higher today as investors looked ahead to a week of important economic data from the US and Europe.

The STOXX Europe 600 index rose 0.4 percent.

The oil and gas sector rose about 1 percent as oil prices rose for a fif…

Oil Continues to Rise, Holds On Last Week’s Gains

Oil prices rose for a fifth consecutive session today, extending gains from last week’s more than 3% rise, as US recession fears eased while geopolitical tensions in the Middle East supported prices.

Brent crude futures climbed 22 cents, or 0.3%, to …

Oman, Malaysia Review Cooperation in Heritage and Tourism Areas

Salim Mohammed Al Mahrouqi, Minister of Heritage and Tourism, received in Muscat today Dato’ Sri Tiong Keng Seng, Malaysian Minister of Tourism, Arts and Culture, who is currently visiting the Sultanate of Oman.

During the meeting, the two sides expl…

Real Estate Deals in Oman Up By 0.5% in June 2024

The value of real estate transactions in the Sultanate of Oman rose by 0.5% to RO 1,409.6 million till the end of June 2024, compared to RO 1,402.5 million in the same period of 2023, according to the latest data released by the National Centre for St…

ADNOC Gas announces record Q2 net income of $1.19 billion

Abu Dhabi, ADNOC Gas announced strong financial results for the second quarter (Q2) of 2024, posting an adjusted net income of $1,190 million, a 21% year-on-year (y-o-y) improvement exceeding market expectations.

Revenues for the Q2 period of $6,076 …