Doha: Currency markets showed signs of fatigue early in Asian trade on Wednesday, with traders cautious over US President Donald Trump’s efforts to bring an end to the war with Iran. The US dollar index, which measures the greenback’s strength against…
Doha: Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a US plan to end the Middle East war. Spot gold rose 2.1% to $4,…
Kuwait city: The price of the Kuwaiti oil barrel decreased by USD 16.66, settling at USD 146.42 per barrel on Tuesday, compared to USD 163.08 the previous day. This information was provided by the Kuwait Petroleum Corporation (KPC) on Wednesday.
Acc…
Tokyo: Tokyo stocks extended gains for the second trading day on Wednesday on expectations of eased tensions in the Middle East following reports that the US and Iran are making diplomatic efforts to end the war. The 225-issue Nikkei Stock Average end…
Doha: European stock markets opened trading higher on Wednesday, driven by hopes of reaching a resolution to the war in the Middle East, following US statements pointing to a peace plan. The pan-European Stoxx 600 index opened up by about 0.3% at the …
Muscat: The official price of Oman crude oil for May delivery was set at USD 109.55 per barrel on Wednesday. This marks a significant decrease in price from the previous day’s rate.
According to Qatar News Agency, the price of Oman crude recorded a …
Doha: European stocks closed up one percent on Wednesday, with travel and financial services shares among the biggest gainers, supported by expectations of de-escalation in the ongoing conflict in West Asia. The pan-European Stoxx 600 index rose 1.3 p…
Kuwait city: Kuwait Bourse closed trading on Wednesday as the All Share Index gained 14.01 points to reach 8,448.84 points, an increase of 0.17 percent. As many as 202.5 million shares valued at KWD 58.31 million (roughly USD 178.4 million) were trade…
Ankara: Turkish Foreign Minister Hakan Fidan and his Chinese counterpart Wang Yi have emphasized the importance of maintaining the operation of transportation lines, supply chains, and energy supplies. The Turkish Foreign Ministry announced that the t…
Tokyo: Executive Director of the International Energy Agency (IEA) Fatih Birol announced on Wednesday that the Agency is prepared to release more oil reserves if the situation demands.
According to Qatar News Agency, Birol stated that the reserves s…