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Category: Business

Kuwaiti Oil Price Rises to $87.39 a Barrel

The price of Kuwaiti oil went up by $0.88 to $87.39 a barrel on Thursday as opposed to $86.51 a barrel last Wednesday, Kuwait Petroleum Corporation (KPC) said today.

In the global markets, Brent crude futures rose $0.32 to reach $85.4 a barrel, while…

Oil Rises on Cooling US Inflation

Oil prices went up on Friday amid signs of easing inflationary pressures in the United States, though the contracts were headed for a weekly decline.

Brent crude futures rose 33 cents, or 0.4%, to $85.73 a barrel. US West Texas Intermediate crude fut…

Oil Prices Rise at US Market Close

Oil prices rose at settlement at the end of Wednesday’s trading, following the announcement of a decline in crude oil and gasoline inventories in the US last week.

Brent crude futures rose by 42 cents, or 0.5 percent, to reach $85.08 per barrel upon …

Real Estate Trading Volume Exceeds QR 450 Million in Week

Doha: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from June 30 to July 4, 2024 reached QR 419,378,464, while the total sales contracts for residential …

QIMC Announces Start of Trial Operation of Gizaz Factory

Doha: Qatar Industrial Manufacturing Company (QIMC) announced today the start of the trial operation of the Gizaz factory for glass containers.

CEO of QIMC and Chairman Gizaz Glass Containers Company Abdulrahman Abdullah Al Ansari said that the trial…

Oil Prices Tick Up as Crude, Gasoline Inventories Ease

Oil prices edged higher on Thursday as crude stocks fell after US refineries ramped up processing and as gasoline inventories eased, signalling stronger demand.

Brent futures rose 35 cents, or 0.4% to $85.43 a barrel. US West Texas Intermediate (WTI)…

Bank of Korea Continues to Freez Interest Rate

South Korea’s central bank froze its key rate at 3.5 percent for the 12th straight session Thursday.

The Bank of Korea (BOK) has continued to stand pat following rate freezes since February last year after delivering seven consecutive rate hikes from…

Gold Holds Ground as Traders Brace for US Inflation Data

Gold prices firmed for a third consecutive session on Thursday, with investors awaiting US inflation data due later in the day for more insights on the Federal Reserve’s interest rate path.

The spot gold price was up 0.2% at $2,375.70 per ounce. Gold…

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