Business

Business

Muscat: The industrial sector in the Sultanate of Oman registered unprecedented performance during the second quarter of 2025, with the combined net profits of industrial companies listed on Muscat Stock Exchange rising to approximately RO 24.47 million, compared to a mere RO 4.25 million during the corresponding period in 2024, posting a growth rate of more than 476 percent. The accomplishment constitutes a clear indicator of the sector’s resilience, its ability to adapt to economic developments and its position as a vital pillar of the national economy.

ann.adminComments Off on Muscat: The industrial sector in the Sultanate of Oman registered unprecedented performance during the second quarter of 2025, with the combined net profits of industrial companies listed on Muscat Stock Exchange rising to approximately RO 24.47 million, compared to a mere RO 4.25 million during the corresponding period in 2024, posting a growth rate of more than 476 percent. The accomplishment constitutes a clear indicator of the sector’s resilience, its ability to adapt to economic developments and its position as a vital pillar of the national economy.

According to Oman News Agency, the outcome reflects the notable gains made by major companies. Among those, OQ Basic Industries (OQBI) achieving a significant transition, shifting from losses of RO 3.38 million in the second quarter of 2024 to profits…

Business

Oman Oil Price Gains 1.12 US Dollars

ann.adminComments Off on Oman Oil Price Gains 1.12 US Dollars

Muscat: Oman oil price for November delivery 2025 today reached 71.64 US Dollars, marking a rise of 1.12 US Dollars compared to Monday’s price, which stood at 70.52 US Dollars.

According to Oman News Agency, the average price of Oman oil for Septemb…