April 1, 2024

Qatar’s PPI Surges %1.03 in February

Doha: The Producer Price Index (PPI) of the Industrial sector recorded 114.39 points for February, an increase of 1.03 percent compared to the previous month and a decrease of 8.6 percent compared to February 2023.

Planning and Statistics Authority (…

Gold Hits Record High on Rising Hopes for Fed Rate Cut in June

Singapore, Gold prices touched a record high on Monday after data showed that US inflation moderated in February, boosting bets for the Federal Reserve’s June interest rate cut.

Spot gold rose 1% at $2,255.39 per ounce while US gold futures gained 1….

Kuwait Bourse Closes Higher

Kuwait Bourse closed Monday trading as the All Share Index gained 9.38 points to reach 7,097.10 points, an increase of 0.13 percent.

As many as 474 million shares valued at KWD 84.2 million (roughly USD 256.8 million) were traded via 20,224 transacti…

Iraq: 52 Oil Wells Drilled, Reclaimed in Q1 2024

Baghdad, The Iraqi Ministry of Oil announced that it has succeeded in drilling and reclaiming 52 oil wells during the first quarter of 2024.

Director General of the Iraqi Drilling Company of the Ministry of Oil, Khalid Hamza Abbas stated that the com…