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Day: August 6, 2025

Oil Prices Rise from 5-Week Low

New york: Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions after US President Donald Trump’s threats of tariffs on India over its Russian crude purchases.

According to Qatar News…

Gold Declines as Dollar Gains, Markets Await Fed Appointments

Doha: Gold prices edged lower on Wednesday due to a slightly firmer dollar, amid anticipation of decisions by the Federal Reserve (central bank). Spot gold was down 0.1% at $3,374.01 per ounce, after hitting a near two-week high on Tuesday. US gold fu…

Saudi Stock Exchange Index Closes Higher Amid Active Trading

Riyadh: The Saudi Stock Exchange’s main index concluded the trading session on Wednesday with an increase of 24.89 points, settling at 10,946.74 points. The total value of trades reached SR 4.7 billion.

According to Qatar News Agency, the session wi…

Fitch Affirms QIB’s Rating at A with Stable Outlook

Doha: Fitch Ratings has affirmed Qatar Islamic Bank’s (QIB) credit rating at A, with a stable outlook.

According to Qatar News Agency, QIB reported a 5.3 percent increase in Net Profits in H1 2025, reaching QR 2.175 billion, compared to QR 2.065 bil…

QAMCO Reports 44% Surge in Net Profits for H1 2025

Doha: Qatar Aluminium Manufacturing Company (QAMCO), a publicly listed Qatari company, announced a 44% jump in net profits for the first half of 2025, reaching QAR 342.099 million compared to QAR 236.906 million for the same period in 2024.

Accordin…

QAMCO Reports 44% Surge in Net Profits for H1 2025

Doha: Qatar Aluminium Manufacturing Company (QAMCO), a publicly listed Qatari company, announced a 44% jump in net profits for the first half of 2025, reaching QAR 342.099 million compared to QAR 236.906 million for the same period in 2024.

Accordin…

US Stocks End Tuesday Down

New york: Major stock indices on Wall Street closed lower at the end of trading Tuesday. The S and P 500 index closed down 30.75 points, or 0.49 percent, to close at 6,299.19. The Nasdaq Composite Index also fell 136.92 points, or 0.65 percent, to 20,…

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