GENERAL

Eurozone Industrial Output Falls More Than Expected

Eurozone: Eurozone industrial production registered a bigger-than-expected decline in December 2024 due to sharp falls in capital and intermediate goods output, figures from the Eurostat Statistical Office revealed today. According to Oman News Agency, industrial output fell 1.1% in December 2024 from November. The fall was deeper than the forecast

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GENERAL

Oman Oil Price Drops 1.98 US Dollars

Muscat: Oman oil price (April delivery 2025) today reached 76.95 US Dollars, comprising a drop by 1.98 US Dollars, compared to the price of yesterday ‘Wednesday’ which was 78.93 US Dollars. According to Oman News Agency, the average price of Oman oil (February delivery 2025) has stabilized at 73.16 US

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GENERAL

Agreements Inked to Finance Development Projects in Musandam

Musandam: Sayyid Ibrahim Said Al Busaidi, Governor of Musandam, sponsored the signing ceremony of two agreements and two memorandums of cooperation by the Development Bank. These agreements focus on developmental financing for projects in the fisheries and tourism sectors, as well as the launch of the Economic and Green Horticulture

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GENERAL

Gas Explosion at Taiwan Department Store Kills at Least Four

Taichung City: A gas explosion at a department store in central Taichung City in Taiwan today claimed at least four lives, fire authorities said. According to Oman News Agency, at least 24 other individuals were injured in the incident, as reported by the National Fire Agency (NFA). The agency said

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GENERAL

Gold Prices Rise Slightly

Muscat: Gold prices rose slightly today, after falling more than 1% in the previous session. Spot gold rose 0.1% to $2,905.12 per ounce. US gold futures were steady at $2,929.60. According to Oman News Agency, spot silver rose 0.1% to $32.26 per ounce, platinum was steady at $992.32, and palladium

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