August 7, 2024

Oman Oil Price Reaches $75.49 a Barrel

The official price of Omani oil, for delivery in October, reached on Wednesday $75.49 per barrel, an increase of 48 cents compared with Tuesday’s price, which amounted to $75.1.

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

S. Korea Posts Largest Current Account Surplus in 7 Years in June

South Korea posted its largest current account surplus in about seven years in June, driven by robust exports led by semiconductors, central bank data showed Wednesday.

The country’s current account surplus reached $12.2 billion in June, marking a su…

QCB Foreign Reserves Surge 3.89 Percent in July 2024

Doha, August 07 (QNA) – The foreign currency reserves and foreign currency liquidity of the Qatar Central Bank (QCB) increased by 3.89 percent year-on-year to reach QAR 250.981 billion in July 2024 compared to QAR 241.572 billion in the same period of…

Gold Edge Lower as Dollar, Treasury Yields Strengthen

Gold prices edged lower on Wednesday as the US dollar and Treasury yields strengthened, while traders awaited further cues to gauge the size of the Federal Reserve’s likely September interest rate cut.

Spot gold slipped 0.2% to $2,385.60 per ounce, a…