Iraqi security authorities announced on Wednesday arresting four people accused of being responsible for the recent rocket attack on Al Asad Air Base, which hosts US soldiers and Global Coalition to Defeat ISIS advisors.
On August 5, Al Asad Air Base…
The US Energy Information Administration announced Thursday that crude oil, gasoline and distillate inventories in the United States fell last week, while gasoline inventories rose.
The administration, which is the statistical arm of the US Departmen…
Oil prices recovered in Asian trading on Wednesday on heightened Middle East tensions, but gains were capped by weak demand.
Brent crude futures rose 17 cents, or 0.16 percent, to USD 76.60 a barrel.
US West Texas Intermediate (WTI) crude rose 17 ce…
The oil and gas sector in Arab countries executed 610 projects implemented by 356 foreign and Arab companies in the region, with a total investment cost of USD 406 billion between January 2003 and May 2024 (22 years).
A recent report issued by Kuwait…
The general index of Qatar Stock Exchange (QSE) dropped 16.38 points, or 0.16%, at the beginning of trading on Wednesday, reaching 10,032 points, compared to yesterday’s closing.
QSE general index was weighed down by a decline in four sectors: Teleco…
Gold prices edged lower on Wednesday as the US dollar and Treasury yields strengthened, while traders awaited further cues to gauge the size of the Federal Reserve’s likely September interest rate cut.
Spot gold slipped 0.2% to $2,385.60 per ounce, a…
Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in US crude oil and gasoline inventories, offsetting global oil supply concerns.
Brent crude futur…
South Korea posted its largest current account surplus in about seven years in June, driven by robust exports led by semiconductors, central bank data showed Wednesday.
The country’s current account surplus reached $12.2 billion in June, marking a su…
The dollar was steady on Wednesday, dragging the yen away from a seven-month peak as currency markets regained a semblance of calm in a week that began with a massive shakeout in assets driven by recession fears and unwinding of popular carry trades.
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China’s total goods imports and exports expanded 6.2% year-on-year in the first seven months of 2024 to 24.83 trillion yuan ($3.46 trillion), official data showed on Wednesday.
The country’s exports rose 6.7% year-on-year to 14.26 trillion yuan durin…