Business Brief: Weak dollar to benefit Omani exporters in overseas markets

Oman’s Exports Tumbling of the United States dollar against major world currencies in the aftermath of Donald Trump’s election victory will marginally benefit Oman’s economy. Market Fall Eases Turbulence in financial markets calmed after a knee-jerk selloff in stocks and rally in haven assets as investors reassessed the effects of Donald Trump’s surprise victory. Dollar Falls The dollar took a battering against its major rivals on Wednesday, as global financial markets were rattled by the prospect of a shock win for Republican Donald Trump in the US election. Egypt’s IMF Loan The International Monetary Fund’s managing director said she would recommend the fund’s board approve Egypt’s $12 billion loan request. Stock Market Shares on the Muscat Securities Market fell along with other regional bourses Website: http://timesofoman.com Facebook: http://facebook.com/timesofoman Twitter: http://twitter.com/timesofoman