Crude oil prices fall on signs of opening of Hormuz, new record in US stock market
-
Media Baaji
- Wed, 5 August 2026
Kathmandu. The diplomatic talks between Iran and Oman regarding the resumption of the safe passage of commercial ships through the Strait of Hormuz have indicated that they are progressing in a positive direction.
After the representatives of both sides showed the possibility of agreement, there is hope that the impact of the ongoing tension in the Middle East will decrease on the world economy. However, at the same time, the attack on the Indian merchant ship near the Red Border near Yemen and the subsequent sinking of the ship confirmed that the regional maritime security risk is still serious.
Related News
Foreign currency exchange rate: Kuwaiti dinar five hundred par, how much is dollar and euro?
Kathmandu. Nepal Rastra Bank has set the foreign currency exchange rate for today. According to the new rate determined by the Central Bank, the buying rate of one US dollar has reached 153 rupees 81 paisa and the selling rate has reached 154 rupe...
Gold prices fell modestly, while silver rose
Kathmandu. On Thursday, the price of gold in the Nepalese market has decreased. According to the Federation of Nepal Gold and Silver Traders, today the price of gold has decreased by Rs 100 per tola to Rs 3 lakh 6 thousand 500 per tola. Earlier on...
Prabhu Bank CEO and Two Senior Executives Arrested in Banking Fraud Probe
KATHMANDU — Nepal Police’s Central Investigation Bureau (CIB) on Sunday arrested Prabhu Bank Chief Executive Officer Ashok Sherchan, along with Deputy CEO Mani Ram Pokharel and Chief Credit Officer Rivas Sh...
Devendraraman Khanal appointed as CEO of National Commercial Bank
Kathmandu. Devendraraman Khanal has been appointed as the Chief Executive Officer of National Commercial Bank. Earlier, Khanal, who was working as the CEO of the National Commercial Bank, was re-appointed as the CEO for the second term by the bank...
6 days festival started with Dhanteras
Mahottari Tihar Diwali, the second biggest festival of Nepali, has started from Friday. In the districts of Madhes including the ancient Mithila region, Dhanteras is celebrated by lighting lamps in the evening on the first day. The festival of Tih...
Twenty-four thousand five hundred megawatts of electricity will be produced in the next ten years
Kathmandu. The government has published the 'Energy Consumption Growth and Export Strategy, 2083' with the goal of producing a total of 24,500 megawatts of electricity by the end of the fiscal year 2092, 93 with investment from the government, pub...