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Germany’s Manufacturers Order Backlog Falls in June

Germany’s manufacturers order backlog fell for the sixth month in a row in June, in another sign of the sluggish state of Europe’s largest economy.

According to the German Federal Statistical Office, German manufacturers saw a 0.2 percent decrease in…

Oman Oil Price Declines USD 1.24

Oman oil price (October delivery 2024) today reached USD 77.84, comprising a decline by USD 1.24, compared to the price of last Friday, which stood at USD 79.08.

The average price of Oman oil (August delivery 2024) stabilized at USD 82.50 per barrel,…

Oman’s Inflation Rate Up by 1.5 Percent in July

The inflation rate in Oman upped 1.5 percent in July 2024, compared to the same month in 2023 (base year 2018).

The Consumer Price Index (CPI) released Monday showed that the prices of food and beverages increased by 4.5 percent, various goods and se…

Gold Holds near Record High on US Rate Cut Optimism

Gold prices held steady on Monday near a record high scaled in the previous session, as rising expectations of a US interest rate cut next month lifted bullion’s appeal.

Spot gold edged 0.2% lower to $2,501.19 per ounce. Prices had surged to an all-t…