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Category: Business

Oman Oil Prices Reach $79.56 a Barrel

The official price of Omani oil, for delivery in September, reached on Tuesday $79.56 per barrel, a decrease of $1 compared with Monday’s price, which amounted to $80.56.

It is noteworthy that the monthly average price of Omani crude oil for delivery…

Gold Stagnant Ahead of Fed Decision

Gold struggled for momentum on Tuesday as investors looked for more cues on when the US Federal Reserve will cut interest rates from this week’s policy meeting and data releases.

Spot gold was down 0.1% at $2,380.31 per ounce, and US gold futures wer…

Mixed Closing for Major Wall Street Indices

The main indices on Wall Street closed on a mixed note at the end of Monday’s trading session.

The S and P 500 index rose by 4.5 points, or 0.08 percent, to reach 5,463.6 points.

The Nasdaq Composite index gained 12.32 points, or 0.07 percent, to se…

QSE Index Closes Down 0.19 Percent

Qatar Stock Exchange (QSE) general index closed on Tuesday by 19.51 points (0.19 percent) down from its previous closing, to reach 10,150.46 points.

During the session, a total of 106,321,244 shares were traded, valued at QR 282,165,259.596, through …

Oil Prices Continue to Fall in Early Asian Trading

Early Asian trade on Tuesday saw a decline in oil prices, continuing losses from the previous session, amid concerns about demand in China.

Brent crude oil futures had dropped by 12 cents, or 0.15%, to $79.78 per barrel. At $75.67 per barrel, US oil …

Oil Prices Drop to Lowest Levels Since Early June

Oil prices fell to their lowest levels since early June today, as worries over Chinese demand outweighed expectations of declining crude and petroleum product inventories in the United States.

Brent crude futures decreased by 77 cents, or 0.97 percen…

QCB Launches ‘Request to Pay’ Through Fawran Service

Qatar Central Bank (QCB) announced Tuesday the launch of “Request to Pay” option through “Fawran” service, in line with the Third Financial Sector Strategic Plan, and in continuation of its efforts to improve the instant payment system in the country….

European Shares Open Higher Buoyed by Oil Sector

European shares kicked off the week on a positive note, buoyed by the global oil sector amid fears of a widening conflict in the Middle East and as a raft of upbeat earnings updates also lifted the overall market sentiment.

The pan-European STOXX 600…

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