Business

Oil Prices See Increase Amid Middle East Developments

Doha: Oil prices rose at the close of trading yesterday, while Brent crude was headed for a weekly loss of about 8 percent, pressured by developments in the Middle East. Brent crude futures climbed 66 cents, or 0.53 percent, to reach $80.38 a barrel, …

Trading Value on Muscat Stock Exchange Tumbled 27% Week-on-Week

Muscat: Trading value on the Muscat Stock Exchange (MSX) last week stood at OMR 139.3 million, compared with OMR 191.4 million in the previous week, down 27%, and executed transactions fell by 24.4%, from 41,000 trades to 31,514 trades.

According to…

Dollar Holds Two-Month High on Rate Hike Bets

Doha: The US dollar clung to a more than two-month high on Thursday as markets reinforced expectations that the Federal Reserve will raise interest rates this year, weakening the Japanese yen and pushing it toward intervention territory. The euro last…