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Category: Business

Kuwaiti Oil Rises $1.22

Kuwait: The price of Kuwaiti oil rose by $1.22 to reach $91.43 per barrel in trading yesterday, Friday, compared to $90.21 in trading Thursday, Kuwait Petroleum Corporation said today.

In global markets, Brent crude futures rose $0.52 to reach $91.17…

QNB Group Issues USD 1 Billion Formosa Bond

Doha: Qatar National Bank (QNB) Group, announced the successful completion of a Formosa bond issuance under its Euro Medium Term Note (EMTN) programme and listed on the Taipei Stock Exchange.

QNB said in a statement, carried on the Qatar Stock Exchan…

Muscat Stock Exchange Index Closes 0.19 Percent Lower

Muscat, The Muscat Stock Exchange (MSX) general index (30) closed Wednesday at 4,663.47 points, down by 9.1 points, or 0.19 percent, compared to the last trading session, which closed at 4,672.56 points.

The trading value reached RO 4,057,518, a decr…

QSE Index Closes 1.05 Percent Lower

Doha: Qatar Stock Exchange (QSE) general index closed at 9,691.480 points on Wednesday, 102.550 points (1.05 percent) down from its previous closing.

A trading volume of 145,002,491 shares was traded in 18,956 transactions in all sectors, with a tota…

QSE Index Gains 23.06 Points at Beginning of Wednesday’s Trading

Doha: Qatar Stock Exchange (QSE) index gained 23.06 points at the beginning of Wednesday’s trading, an increase of 0.24%, rising to the level of 9,817 points, compared to the end of Tuesday’s trading, backed by four sectors.

QSE figures showed a posi…

Kuwaiti Oil Price Rises by USD 1.33 pb

Kuwait, The price of Kuwaiti oil went up by USD 1.33 to USD 89.55 per barrel (pb) on Tuesday, compared to USD 88.22 pb Monday.

According to the Kuwait Petroleum Corporation (KPC), the prices of Brent Crude and West Texas Intermediate both increased b…

QSE Index Gains 23.06 Points at Beginning of Wednesday’s Trading

Doha: Qatar Stock Exchange (QSE) index gained 23.06 points at the beginning of Wednesday’s trading, an increase of 0.24%, rising to the level of 9,817 points, compared to the end of Tuesday’s trading, backed by four sectors.

QSE figures showed a posi…

Oman Oil Price Rises USD 1.25

Muscat, Oman’s oil price (June delivery 2024) on Tuesday reached USD 88.93, a rise of USD 1.25 compared to Monday’s price which stood at USD 87.68.

The average price of Oman oil (April delivery 2024) stabilized at USD 80.85 per barrel, thus USD 2.10 …

QSE Index Rises by 4.62 Points at Beginning of Tuesday’s Trading

Doha: Qatar Stock Exchange (QSE) index gained 4.62 points at the beginning of Tuesday’s trading, rising marginally by 0.05%, thus rising to the level of 9869 points, compared to Monday’s close, backed by six sectors.

Qatar Stock Exchange figures show…

Oil Gains on Upbeat Manufacturing Data

Singapore, Oil prices gained in early Asian trading on Tuesday, underpinned by signs of improved demand that had sparked a rally in US futures to a five-month high in the previous session.

Brent futures for June delivery rose 37 cents to $87.79 a bar…

Saudi Stock Exchange Tick Higher

Riyadh: The Saudi Stock Exchange main index ticked 53.58 points up on Tuesday, to close at 12476.59 points.

A total of 270 million shares were traded across 550,000 transactions with a total trading value of SAR 7.6 billion.

The shares of 82 compani…

QSE Index Closes 0.71% Lower

Doha: Qatar Stock Exchange (QSE) general index closed at 9,794.480 points on Tuesday, 69.930 points (0.710 percent) down from its previous closing.

A trading volume of 134,289,331 shares was traded in 14,986 transactions in all sectors, with a total …

Dollar Steady as Inflation Data Boosts June Rate Cut Bets

Singapore, The dollar was broadly steady on Monday as data showing easing US prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervent…

Iraq: 52 Oil Wells Drilled, Reclaimed in Q1 2024

Baghdad, The Iraqi Ministry of Oil announced that it has succeeded in drilling and reclaiming 52 oil wells during the first quarter of 2024.

Director General of the Iraqi Drilling Company of the Ministry of Oil, Khalid Hamza Abbas stated that the com…

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