Muscat: The total issuance of Government Treasury Bills amounted to RO 57 million. The value of the allotted Treasury bills amounted to RO 2.5 million, for a maturity period of 28 days. The average accepted price reached RO 99.720 for every RO 100, an…
Business
Oil Prices Edge Up as Investors Eye US-Iran Talks Amid Shipping Disruptions
Muscat: Oil prices rose today as investors sought greater clarity on the direction of negotiations between the United States and Iran, while lingering concerns over supply tightness fuelled by ongoing maritime shipping disruptions continued to weigh o…
Rising Energy Costs Threaten to Derail UK Aluminium Boom Amid Global Supply Crisis
Muscat: The UK aluminium sector is facing a steep rise in electricity costs that is undermining its ability to capitalize on a global supply shortage triggered by the fallout from the US-Israel war against Iran, despite surging international demand fo…