Muscat: The World Bank has raised its growth projections for the region comprising the Middle East, North Africa, Afghanistan, and Pakistan for 2025, although it revised its estimates downward for the upcoming year. The institution attributed these fo…
Month: October 2025
Oil Rises on Modest OPEC+ Output Hike
Muscat: Oil prices rose today after the OPEC+ alliance announced a smaller-than-expected production increase for November, easing concerns about oversupply in the global market. Brent crude futures gained 23 cents, or 0.35%, to trade at $65.70 per bar…
Gold Surges to New Record on Safe-Haven Demand, Fed Rate-Cut Bets
Muscat: Gold surged to a fresh record high today as investors sought safe-haven assets amid a prolonged US government shutdown and growing expectations of a Federal Reserve rate cut later this month. Spot gold rose 0.4% to $3,974.09 per ounce, trading…