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Category: Industry

Gold Gains as Dollar Weakens, Rate Hike Fears Ease

Doha: Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a US plan to end the Middle East war. Spot gold rose 2.1% to $4,…

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Kuwaiti Oil Barrel Price Down USD 16.66

Kuwait city: The price of the Kuwaiti oil barrel decreased by USD 16.66, settling at USD 146.42 per barrel on Tuesday, compared to USD 163.08 the previous day. This information was provided by the Kuwait Petroleum Corporation (KPC) on Wednesday.

Acc…

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QSE Index Opens Higher with Broad Sector Gains

Doha: The Qatar Stock Exchange (QSE) general index opened higher on Wednesday, gaining 56.90 points, or 0.53%, to reach 10,747 points, compared to the previous session’s close, supported by most sectors.

According to Qatar News Agency, market data s…

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European Stocks Surge Amid Middle East Peace Hopes

Doha: European stock markets opened trading higher on Wednesday, driven by hopes of reaching a resolution to the war in the Middle East, following US statements pointing to a peace plan. The pan-European Stoxx 600 index opened up by about 0.3% at the …

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Oman Crude Oil Price Drops

Muscat: The official price of Oman crude oil for May delivery was set at USD 109.55 per barrel on Wednesday. This marks a significant decrease in price from the previous day’s rate.

According to Qatar News Agency, the price of Oman crude recorded a …

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