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Day: August 19, 2024

Riyadh Hosts First Global Logistics Forum 2024 in October

The first Global Logistics Forum 2024 is set to be held in Saudi Arabia during the period Oct.12 to 14.

Hosted by Riyadh, the forum aims to enhance global cooperation and back joint efforts to advance the logistical services, in addition to bolsterin…

Japanese Stocks Fall as Yen Strengthens

Japanese stocks fell at the end of the first trading session of the week, with mining, export and retail companies underperforming as the yen appreciated against the dollar, and after official data indicated weak capital spending for domestic companie…

Dollar Falls to Lowest Level in Seven Months

The US dollar declined broadly on Monday and slipped sharply against the yen in particular as investors bet on a dovish tone emerging in the Federal Reserve’s July policy meeting minutes.

The minutes, due on Wednesday, and Powell’s speech on Friday a…

Financial Times: Major US Companies Warn of Growing Risks of AI

More than half of the US’s biggest companies see artificial intelligence (AI) as a potential risk to their businesses, Financial Times cited a new survey of corporate filings that highlights how the emerging technology could bring about sweeping indus…

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…

Oman’s Public Revenues Down 2% in Q2 2024

Public revenues in the Sultanate of Oman decreased by 2 percent year-on-year during the second quarter of 2024, reaching about OR 6 billion and 197 million, compared to OR 6 billion and 342 million in the same period of 2023.

Data issued by the Omani…

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 Central Bank Issues Treasury Bills Worth OR 27 Million

Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 27 million.

The OCB explained, in a statement Monday, that the value of the bills allocated for a maturity period of 28 day…

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,…

Oil Prices Fall Amid Concerns Over Weak Demand in China

Oil prices fell in early Asian trading on Monday as market sentiment was weighed by fears about weak demand in China, world’s top oil importer.

Brent crude futures dropped 13 cents, or 0.2 percent, to USD79.55 a barrel. West Texas Intermediate crude …

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