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Day: August 1, 2024

Woqod Profits Rise by 9.5 percent During First Half of 2024

Doha: The net profits of Qatar Fuel Company (Woqod) (a Qatari public shareholding company) rose by 9.5 percent in the first half of 2024, to reach QR 481.923 million, compared to QR 440.177 million for the same period of the previous year.

Data issue…

QEWC Completes Its Restructuring Process

Doha: Qatar Electricity and Water Company (QEWC) announced that it has successfully completed its restructuring process.

A statement by the QEWC Thursday said that it has begun managing all commercial, administrative and technical affairs of Nebras P…

Saudi Stock Market Index Closes Lower

The Saudi Stock Market Index closed Tuesday down 78.98 points to close at 12182.20 points, with trades worth SR 8 billion.

The volume of traded shares reached 322 million shares, with the shares of 79 companies recording an increase in their value, w…

Muscat Stock Exchange Index Closes Higher

Muscat Stock Exchange (MSX) general index (30) closed Wednesday at 4,742.95 points, up by 56.2 points, or 1.2 percent, compared to the last trading session, which closed at 4,686.77 points.

The trading value reached OMR 2.172 million, a decrease of…

Bank of England Cuts Interest Rates for First Time Since 2020

The Bank of England on Thursday cut its main interest rate for the first time since the Covid-19 pandemic in 2020, as inflation in Britain declined over the past few months.

The bank’s Monetary Policy Committee voted by 5 to 4 to cut lending rates by…

Iraq, BP Sign MoU to Develop Oil and Gas Fields

The Iraqi government signed today a memorandum of understanding (MOU) with the British energy company ‘BP’ to develop four oil and gas fields in Kirkuk Governorate, north of the country.

The MOU was signed by Iraqi Minister of Oil Hayan Abdul Ghani a…

China, India Agree to Speed Up Negotiations on Borders Disputes

China and India have agreed to accelerate negotiations on their border disputes and move beyond the border situation as soon as possible.

The Chinese Foreign Ministry said in a statement following a meeting of officials from both sides that Beijing a…

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