Business

GCC and India Initiate Free Trade Agreement Negotiations

Doha: The Gulf Cooperation Council (GCC) and the Republic of India have signed a joint statement to commence negotiations for a Free Trade Agreement (FTA) between the two parties. The joint statement was signed by GCC Secretary-General Jasem Mohamed A…

Kuwait Bourse Closes Lower Amid Trading Decline

Kuwait city: Kuwait Bourse closed trading on Tuesday as the All Share Index lost 70.35 points to reach 8,572.31 points, a decrease of 0.81 percent. As many as 187.2 million shares valued at KWD 75.14 million (roughly USD 230 million) were traded via 1…

Oman Oil Price Increases

Muscat: The price of Oman oil for April 2026 delivery reached USD 70.42 on Tuesday, marking an increase of 46 cents from the previous day’s price of USD 69.96.

According to Qatar News Agency, the average monthly price for Omani oil scheduled for Feb…

Inflation Rate in Oman Rises by 1.4 Percent

Muscat: The general consumer price index in Oman increased by 1.4 percent in January 2026 compared to the same month in 2025.

According to Qatar News Agency, data from the National Center for Statistics and Information (NCSI) showed that the miscel…