NCFI signs four MoUs on combating money laundering and financing terrorism
These agreements aim to enhance joint cooperation, coordinate efforts, and facilitate the exchange of information, expertise, and best practices.
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Observer
an hour ago
- Observer
Oman oil price reaches $70.52 per barrel
MUSCAT: The official price of Oman oil for September delivery on Wednesday reached $70.52. The price of Oman oil decreased by 18 cents compared to Tuesday's price of $70.70. The monthly average price of Omani crude oil for July delivery reached $63.62 per barrel, a decrease of $4.25 compared to the price for June delivery. Meanwhile, international oil prices fell for the fourth consecutive session on Wednesday, as investors assessed trade developments including a US tariff deal with Japan ahead of a US stocks data announcement. Brent crude futures were down 50 cents, or 0.7%, at $68.05 a barrel as of 11:19 GMT. US West Texas Intermediate crude futures were down 47 cents, or 0.7%, at $64.78 per barrel. Both benchmarks lost about 1% in the previous session after the EU said it was considering countermeasures against US tariffs. US President Donald Trump said on Tuesday that the US and Japan had struck a trade deal that included a 15% tariff on US imports from Japan. 'The slide (in prices) of the past three sessions appears to have abated but I don't expect much of an upward impetus from news of the US-Japan trade deal as the hurdles and delays being reported in talks with the EU and China will remain a drag on sentiment', said an analyst. — Agencies MUSCAT: The official price of Oman oil for September delivery on Wednesday reached $70.52. The price of Oman oil decreased by 18 cents compared to Tuesday's price of $70.70. The monthly average price of Omani crude oil for July delivery reached $63.62 per barrel, a decrease of $4.25 compared to the price for June delivery. Meanwhile, international oil prices fell for the fourth consecutive session on Wednesday, as investors assessed trade developments including a US tariff deal with Japan ahead of a US stocks data announcement. Brent crude futures were down 50 cents, or 0.7%, at $68.05 a barrel as of 11:19 GMT. US West Texas Intermediate crude futures were down 47 cents, or 0.7%, at $64.78 per barrel. Both benchmarks lost about 1% in the previous session after the EU said it was considering countermeasures against US tariffs. US President Donald Trump said on Tuesday that the US and Japan had struck a trade deal that included a 15% tariff on US imports from Japan. 'The slide (in prices) of the past three sessions appears to have abated but I don't expect much of an upward impetus from news of the US-Japan trade deal as the hurdles and delays being reported in talks with the EU and China will remain a drag on sentiment', said an analyst. — Agencies
Observer
18 hours ago
- Observer
Oman oil price reaches $70.52 per barrelOman oil price reaches $70.52 per barrel
MUSCAT: The official price of Oman oil for September delivery on Wednesday reached $70.52. The price of Oman oil decreased by 18 cents compared to Tuesday's price of $70.70. The monthly average price of Omani crude oil for July delivery reached $63.62 per barrel, a decrease of $4.25 compared to the price for June delivery. Meanwhile, international oil prices fell for the fourth consecutive session on Wednesday, as investors assessed trade developments including a US tariff deal with Japan ahead of a US stocks data announcement. Brent crude futures were down 50 cents, or 0.7%, at $68.05 a barrel as of 11:19 GMT. US West Texas Intermediate crude futures were down 47 cents, or 0.7%, at $64.78 per barrel. Both benchmarks lost about 1% in the previous session after the EU said it was considering countermeasures against US tariffs. US President Donald Trump said on Tuesday that the US and Japan had struck a trade deal that included a 15% tariff on US imports from Japan. 'The slide (in prices) of the past three sessions appears to have abated but I don't expect much of an upward impetus from news of the US-Japan trade deal as the hurdles and delays being reported in talks with the EU and China will remain a drag on sentiment', said an analyst. — Agencies MUSCAT: The official price of Oman oil for September delivery on Wednesday reached $70.52. The price of Oman oil decreased by 18 cents compared to Tuesday's price of $70.70. The monthly average price of Omani crude oil for July delivery reached $63.62 per barrel, a decrease of $4.25 compared to the price for June delivery. Meanwhile, international oil prices fell for the fourth consecutive session on Wednesday, as investors assessed trade developments including a US tariff deal with Japan ahead of a US stocks data announcement. Brent crude futures were down 50 cents, or 0.7%, at $68.05 a barrel as of 11:19 GMT. US West Texas Intermediate crude futures were down 47 cents, or 0.7%, at $64.78 per barrel. Both benchmarks lost about 1% in the previous session after the EU said it was considering countermeasures against US tariffs. US President Donald Trump said on Tuesday that the US and Japan had struck a trade deal that included a 15% tariff on US imports from Japan. 'The slide (in prices) of the past three sessions appears to have abated but I don't expect much of an upward impetus from news of the US-Japan trade deal as the hurdles and delays being reported in talks with the EU and China will remain a drag on sentiment', said an analyst. — Agencies
Observer
a day ago
- Observer
Japan PM plans to resign after election debacle: local media
Tokyo - Having done a trade deal with US President Donald Trump, Japan's prime minister will soon announce his resignation, reports said Wednesday, after his latest election debacle left his coalition without a majority now in both houses of parliament. The reports said Shigeru Ishiba had conveyed his intention to step down to those close to him, following the announcement Wednesday of a US-Japan trade deal. Sunday's upper house election was calamitous for Ishiba's centre-right Liberal Democratic Party (LDP), which has governed almost continuously since 1955. Voters angry at inflation turned to other parties, notably the 'Japanese first' Sanseito, whose 'anti-globalist' drive echoes the agenda of populist movements elsewhere. Ishiba plans to vacate the top job by the end of August, the Mainichi daily reported. The Yomiuri newspaper reported that he would announce his resignation in July, but did not provide details on when he would leave office. These and other reports said calls for the 68-year-old to depart had grown louder within the LDP since the results of the upper house election. But he communicated his decision after striking a trade deal with Washington that cut a threatened 25-percent tariff to 15 percent ahead of an August 1 deadline. In the election on Sunday, the LDP and its junior partner Komeito fell three seats short of retaining a majority. It came only months after Ishiba's coalition was forced into a minority government in the more powerful lower house, in the LDP's worst result in 15 years. Ishiba won the party leadership in September, on his fifth try, to become the 10th LDP prime minister since 2000 -- all of them men. Since the October snap lower house election, the ruling coalition has been forced to bargain with opposition parties to pass legislation. After years of stagnant or falling prices, consumers in the world's fourth-largest economy have been squeezed by inflation since Russia's 2022 invasion of Ukraine. In particular, the price of rice has doubled, while resentment has also lingered over an LDP funding scandal. 'I hope things will get better in Japan, but the population is declining, and I think living in Japan will get tougher and tougher,' Naomi Omura, an 80-year-old from Hiroshima, told AFP in Tokyo on Wednesday. 'It is disappointing that Japan cannot act more strongly' towards the United States' but 'I think it was good that they agreed on a lower tariff', she said. Tetsuo Momiyama, an 81-year-old Tokyo resident, said Ishiba 'is finished already'. 'It's a good timing for him to go,' Momiyama said.
