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Day: April 9, 2025

Oman Oil Price Drops by $3.22

Muscat: The official price of Omani crude oil for June delivery reached $61.86 per barrel on Wednesday. The price of Omani oil decreased by $3.22 compared to Tuesday’s price of $65.08.

According to Qatar News Agency, the monthly average price of Oma…

Saudi Energy Minister Announces New Gas, Oil Discoveries

Doha: Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz announced Wednesday the discovery of natural gas fields and other resources in the Eastern Province and the Rub’ Al Khali. The Saudi Energy Minister highlighted that Aramco has made…

European Stocks Fall as US Reciprocal Tariffs Take Effect

Doha: European stocks fell on Wednesday as the US tariffs took effect, exacerbating concerns about the economic damage caused by the trade war, which has even extended to the bond market. The STOXX Europe 600 index fell 2.5%, erasing the previous sess…

Azerbaijan’s Non-Oil Exports Rise 14.7% in Q1 of 2025

Doha: Azerbaijan’s non-oil exports rose 14.7% year-on-year in the first quarter of 2025 to $771.9 million, the Center for Analysis of Economic Reforms and Communication said.

According to Qatar News Agency, exports of food products reached $224.7 mi…

Gold Rises 1% as US Dollar Weakens

Doha: Gold prices rose 1% on Wednesday, as the dollar weakened after new tariffs imposed by US President Donald Trump took effect, while most traders turned to gold as a safe haven amid escalating global trade tensions and recession fears. Spot gold r…

QNB Group Profits Rise 3% in 2025 Q1

Doha: The Qatar National Bank (QNB) Group announced a 3 percent increase in net profits during the first quarter of 2025, reaching QR 4.26 billion, compared to QR 4.143 billion for the same period in 2024.

According to Qatar News Agency, a statement…

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