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Gold prices rise to record high after US tariffs Tue, 11 Feb 2025 21:05:55 +0300 Gold prices rose to a record high on Tuesday, as investors flocked to safe-haven assets after US President Donald Trump imposed 25 percent tariffs on steel and aluminum imports, raising fears of a trade crisis and worsening inflation.
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Sudden fault obstructs Libyan oil production Sat, 08 Feb 2025 17:52:01 +0300 The Mellitah Gas Complex had completely stopped working due to a sudden technical failure in the power generation units, the Libyan National Oil Corporation said on Saturday.
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Gas reserves in EU severely decline Sat, 08 Feb 2025 17:51:01 +0300 Gas storage levels in the European Union have fallen to less than 50%, which is more than 18 percentage points less than the previous year, according to data from the Gas Infrastructure Association in Europe.
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Japanese Yen Rises on Interest Rate Hike Bets Fri, 07 Feb 2025 16:52:42 +0300 The Japanese yen climbed to a nine-week high as traders increased bets on further interest rate hikes in Japan this year. Meanwhile, the US dollar and other major currencies remained steady ahead of the US monthly jobs report, which is set to be released later today, Friday.
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FAO: Global food prices decline in January Fri, 07 Feb 2025 15:52:54 +0300 The Food and Agriculture Organization of the United Nations (FAO) announced today, Friday, a decline in global food commodity prices in January, thanks to a sharp decline in sugar and vegetable oil prices.
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Muscat Stock Exchange Index Closes Higher Tue, 04 Feb 2025 17:05:42 +0300 The Muscat Stock Exchange Index "30" closed higher Tuesday, reaching 4586.91 points, an increase of 33.5 points or 0.74 percent compared to the previous session, which ended at 4553.39 points.
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China imposes tariffs on U.S. products Tue, 04 Feb 2025 14:43:45 +0300 The Chinese government announced today, Tuesday, the imposition of additional tariffs on several US products in response to the tariffs that Washington decided to impose on Chinese products starting today.
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Muscat Stock Exchange Index Declines at Closing Mon, 03 Feb 2025 15:08:23 +0300 The Muscat Stock Exchange "30" index of Oman decreased by 2.5 points, or 0.05 percent, today, Monday, to close at 4553.39 points, compared to the last trading session of 4555.87 points.
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Gold prices rise, heading for gains for 5th week in a row Fri, 31 Jan 2025 20:19:47 +0300 Gold prices rose today, Friday, heading for gains for the fifth week in a row amid concerns among investors about customs duties, and anticipation of a report on inflation to clarify the path of monetary policy of the Federal Reserve (the US central bank).
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Gold stabilizes after interest rate decision Thu, 30 Jan 2025 20:39:38 +0300 Gold prices stabilized at the beginning of Asian trading today, Thursday, after the US Federal Reserve (Central Bank) decided to keep interest rates unchanged, which led to the absence of clear signals regarding the direction of US monetary policy this year.
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