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Category: Industry

Kuwait Crude Oil Up $1.95

Kuwait crude oil went up by $1.95 during Tuesday’s trading to reach $89.12 per barrel compared with $87.17 pb the day before, Kuwait Petroleum Corporation (KPC) said Wednesday.

Benchmark Brent futures increased by $1.42 to $88.42 pb, and West Texas I…

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UDC’s Net Profit Decreases 13.6% in Q1 2024

Doha: United Development Company’s (UDC) announced its financial results for the first quarter of 2024, reporting net profit of QR 76 million in comparison to net profit QR 88 million for the same period of the previous year, a decrease of 13.6%.

UDC…

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Gold Prices Fall as Traders Focus on US Economic Data

Gold prices dropped in Asian trade on Wednesday as investors awaited important US economic data that could provide further insight into the timing of interest rate decreases.

Spot gold was down 0.1% at $2,320.19 per ounce, after closing the previous …

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European Stocks Rise Driven by Technology Sector

European stocks scaled to their highest levels in more than a week on Tuesday, driven by the technology sector.

The pan-European STOXX 600 index (.STOXX), opens new tab was up 0.6%, boosted by a nearly 2% jump in technology stocks.

The tech sector a…

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