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Day: May 12, 2025

Omani Oil Rises $1.15 Per Barrel

Muscat: The official price of Omani oil for July delivery reached $65.61 per barrel on Monday. The price of Omani oil increased by $1.15 compared to last Friday’s price of $64.46.

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

China, US Announce Measures to Ease Tariff Tensions

Beijing: China and the United States announced a series of tariff modification measures aimed at easing trade tensions between the world’s two largest economies. This announcement came after a two-day high-level meeting on economic and trade affairs b…

Qatar Tourism Hosts Inaugural Alumni Network Gathering

Doha: Qatar Tourism hosted on Monday the inaugural Qatar Tourism Awards Alumni Network event. The Qatar Tourism Awards Alumni Network brings together winners from the first two editions of the Awards, alongside industry leaders and senior management f…

Gold Falls Amid Optimism Over US-China Talks

Doha: Gold prices fell on Monday as optimistic signals from US-China trade talks alleviated market fears, leading investors to shift from safe-haven assets towards riskier investments. Spot gold fell 1.1% to $3,277.68 an ounce. US gold futures lost 1….

Saudi Arabia Launches Firm to Advance AI-Powered Solutions

Riyadh: HH Crown Prince and Prime Minister of Saudi Arabia, Chairman of the Board of the Public Investment Fund (PIF), Prince Mohammed bin Salman bin Abdulaziz Al Saud, announced Monday the launch of a new company aimed at advancing and managing artif…

US, China Agree to a 90-Day Reduction in Mutual Tariffs

Geneva: The US and China announced on Monday that they have reached an agreement to significantly reduce mutual tariffs for 90 days, a move aimed at defusing trade tensions between the world’s two largest economies, which have cast a shadow over marke…

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