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Day: September 9, 2025

Business

Gold Hits Fresh Record High on Fed Cut Bets, Softer Dollar

September 9, 2025ann.adminComments Off on Gold Hits Fresh Record High on Fed Cut Bets, Softer Dollar

Muscat: Gold prices today climbed to a new all-time high, buoyed by a weaker US dollar and falling bond yields, as growing bets for a Federal Reserve rate cut this month lifted demand for the precious metal. Spot gold gained 0.5% to $3,651.96 per ounc…

Business

Oman Engages in GCC Tax Administrations Meeting to Enhance Regional Cooperation

September 9, 2025ann.adminComments Off on Oman Engages in GCC Tax Administrations Meeting to Enhance Regional Cooperation

Muscat: The Sultanate of Oman participated in the 15th meeting of the Committee of Heads and Directors of Tax Administrations in the GCC, which was held in Kuwait. The Omani delegation was headed by Nasser Khamis Al Jashmi, Chairman of the Tax Authori…

Business

CBO Launches E-system to Offer Sharia-compliant Liquidity Management Instruments

September 9, 2025ann.adminComments Off on CBO Launches E-system to Offer Sharia-compliant Liquidity Management Instruments

Muscat: The Central Bank of Oman (CBO) has introduced an electronic system aimed at providing Sharia-compliant Rial Omani liquidity management instruments for Islamic Banking Entities within the Sultanate of Oman. This development marks a significant …

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