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Day: June 3, 2025

Oil Prices Surge 2% to Reach Two-Week High

Doha: Oil prices rose about 2% Tuesday to their highest level in two weeks: Oil prices experienced a significant increase, with a rise of approximately 2% on Tuesday, reaching their highest point in two weeks.

According to Qatar News Agency, Brent …

QIB Mandates Banks for USD-Denominated Sukuk Issuance

Doha: Qatar Islamic Bank (QIB) has taken a significant step in its financial strategy by mandating a consortium of major banks to facilitate the issuance of a USD-denominated Sukuk. The selected banks, including Abu Dhabi Islamic Bank, Bank ABC, Dubai…

Minister of State for Energy Affairs Meets Syrian Counterpart

Doha: HE Minister of State for Energy Affairs Eng. Saad bin Sherida Al Kaabi met on Tuesday with HE Minister of Energy of the Syrian Arab Republic Mohammed Al Bashir. Discussions during the meeting dealt with energy relations and cooperation between Q…

State Budget Records QR 0.5 Billion Deficit in Q1 2025

Doha: The State of Qatar’s general budget posted a deficit of QR 0.5 billion during Q1 2025 (January, February, and March), the Ministry of Finance (MoF) announced on Tuesday.

According to Qatar News Agency, in a statement published on its account o…

Kuwait Bourse Closes Lower with Significant Index Losses

Kuwait City: Kuwait Bourse closed trading on Tuesday as the All Share Index lost 33.01 points to reach 8,114.85 points, an increase of 0.41 percent. As many as 385.4 million shares valued at KWD 100.9 million were traded via 22,290 transactions.

Acc…

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