Trading

Muscat Stock Exchange Index rises at closing

The Muscat Stock Exchange “30” index rose by 2.8 points, or 0.06 percent, on Wednesday, to close at 4692.65 points, compared to the last trading session, which reached 4689.88 points.

According to the Oman News Agency, the trading value amounted to 1…

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Gold Soars to Record Prices

Singapore: Gold prices rose to an all-time peak on Wednesday, driven by mounting hopes of a US interest rate cut in September after recent comments from US Federal Reserve officials.

Spot gold was steady at $2,468.55 per ounce, after hitting a record…

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Oil Prices Steady in Early Asian Trade

Singapore: Oil prices were steady in early Asian trade on Wednesday, as signs of weakening demand growth in China clashed with the prospect of declining US oil stockpiles.

Brent crude oil futures fell by 11 cents, or 0.1%, to $83.62 a barrel, and US …

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Global gas demand to grow by 2.5% in 2024: IEA

PARIS: Global gas demand is forecast to grow by 2.5 percent, or just over 100 bcm, primarily driven by fast-growing Asian markets, according to the Gas Market Report, Q3 2024, released by the Paris-based International Energy Agency (IEA) today.

Globa…

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ADB Raises S. Korea’s 2024 Growth Forecast to 2.5%

Seoul: The Asian Development Bank (ADB) revised up its outlook for South Korea’s economic growth this year to 2.5%.

The ADB said in its latest report on the Asian economy for July that it raised its forecast for Korean economic growth to 2.5% for thi…

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