Day: May 3, 2025

Toulouse Wins “Lusail 3×3 International Challenger” Basketball Championship

Doha: In a successful event marked by vibrant crowds, the French team Toulouse was crowned the champion of the “Lusail 3×3 International Challenger” basketball tournament. The two-day event was organized by the Qatar Basketball Federation (QBF) under the supervision of the International Basketball Federation (FIBA) and in collaboration with Qatari Diar. The tournament is part of Qatar’s preparations to host

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Kuwait Crude Oil Price Drops by 2.41 USD per Barrel

Kuwait City: The price of Kuwait crude oil dropped by 2.41 USD, settling at 62.41 USD per barrel in Friday’s trading, compared to 64.82 USD per barrel on Wednesday. According to Qatar News Agency, on the global market, Brent crude futures fell by 84 cents to 61.29 USD per barrel, while US West Texas Intermediate (WTI) crude futures declined by

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China Sees Rise in Gold Production, Decline in Consumption in Q1 2025

Doha: China produced 87.24 tons of gold in the first quarter of 2025, marking an increase of 1.28 tons, or 1.49 percent, year-on-year, according to data released by the China Gold Association (CGA). According to Qatar News Agency, the data showed that gold consumption in the Chinese market declined by 5.96 percent year-on-year during the first quarter, totaling 290.49 tons.

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QNB Warns of Potential Global Disruptions Due to US Economic Imbalances

Doha: Qatar National Bank (QNB) highlighted significant global economic imbalances, particularly concentrated in the United States economy, both in terms of flows (current account deficits) and stocks (cross-asset positions). It warned that a further deterioration of these imbalances could increase the likelihood of a disorderly adjustment in global markets. According to Qatar News Agency, the bank’s weekly commentary explained that

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Strategic Partnerships at ATM 2025 to Boost Qatar’s Global Tourism Growth

Doha: Qatar Tourism (QT) and Visit Qatar have successfully concluded their participation in the 32nd edition of Arabian Travel Market (ATM) 2025, held recently at the Dubai World Trade Centre. The event provided Qatar with a significant platform to highlight its growing position as a leading global tourism destination. According to Qatar News Agency, QT stated that a delegation of

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OPEC+ Members Review Oil Market Outlook, Plan Production Adjustments

Doha: The eight-member OPEC+ group, including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting Saturday to review oil market developments and future prospects. The participating nations agreed to adjust production by 411,000 barrels per day in June, compared to the required level in May, representing three consecutive monthly increases. According to Qatar News

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Qatar Welcomes Over 1.5M Visitors in Q1 2025

Doha: Qatar’s tourism sector began 2025 with strong momentum, welcoming over 1.5 million international visitors between January and March. This surge was driven by an integrated tourism strategy that combines high-profile events, strategic partnerships, and diversified destination experiences. According to Qatar News Agency, Qatar Tourism reported that visitors from GCC countries accounted for 36 percent of the total, followed by

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Four Palestinians Killed in Israeli Airstrikes Across Multiple Locations in Gaza

Gaza: The Israeli occupation army conducted airstrikes and artillery shelling across multiple areas of the Gaza Strip, killing four Palestinians and injuring several others. Two Palestinians were martyred in an Israeli drone strike targeting a group of civilians in the Al Mawasi area in the southern Gaza Strip, sources reported on Saturday. According to Qatar News Agency, in central Gaza,

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