August 16, 2024

Dollar Rises against Yen on Firm US Economic Data

The dollar hovered not far from a two-week high to the yen on Friday after its biggest one-day gain against major peers in four weeks as firm US economic data all but eliminated fears of a recession.

The greenback had been given an extra boost agains…

KSrelief Provides Emergency Shelter to Displaced Families in Yemen

August 16, 2024 — The King Salman Humanitarian Aid and Relief Center (KSrelief) delivered essential relief supplies to support vulnerable families in Yemen. A total of 50 tents and 50 shelter bags were distributed in Hays District, Al-Hudaydah Govern…

Kuwait Oil Price Down 56 Cents

The price of Kuwaiti oil went down 56 cents to reach $79.92 per barrel on Thursday, compared to $80.48 pb the day before, according to Kuwait Petroleum Corporation (KPC) on Friday.

On the global scale, the Brent crude futures’ contracts went up $1.28…