Business

Oman GDP Grows 1.7% During Q1 2024

The gross domestic product (GDP) of the Sultanate of Oman at constant prices increased by 1.7 percent to reach RO 9.537 billion at the end of the first quarter of 2024, compared to RO 9,373,900,000 at the corresponding period in 2023.

The preliminary…

Dollar Rises After Comments by Fed Chair on September Rate Cut

The dollar crept off five-week lows on Tuesday, as investors weighed the case for a September rate cut after comments by Fed Chair Jerome Powell.

The dollar index , which measures the US unit against six peers, was at 104.3.

The euro was at USD 1.08…

Egypt, UAE discuss boosting bilateral cooperation in tourism

Tourism and Antiquities Minister Ashraf Fathy discussed with UAE Ambassador to Egypt and Permanent Representative to the Arab League Mariam al Kaabi ways of boosting bilateral cooperation in the spheres of tourism and antiquities.

During the meeting,…

Muscat Stock Exchange Closes Lower

The Muscat Stock Exchange (MSX) general index (30) closed today at 4,689.88 points, down by 3.2 points, or 0.07 percent, compared to the last trading session, which closed at 4,693.09 points.

The trading value reached OMR 2,605,008, an increase of 18…

Saudi Stock Market Index Closes Higher

The main Saudi stock index closed on Tuesday up 132.67 points, to close at 12,080.37 points, with trades worth SAR 7.2 billion.

The volume of shares traded reached 230 million shares, with the shares of 140 companies closed up and 73 companies closed…