August 2026

Kuwait Oil Price Drops by $3.88 to $74.33 per Barrel

Kuwait city: The price of Kuwaiti crude oil experienced a decline of USD 3.88, reaching USD 74.33 per barrel in Wednesday’s trading. This marks a decrease from the previous session’s price of USD 78.21 per barrel, as reported by the Kuwait Petroleum C…

QAMCO’s Half-Year Net Profit Declines 35.9 Percent

Doha: Qatar Aluminum Manufacturing Company (QAMCO), a public shareholding company in Qatar, reported a significant decline in its net profit for the first half of 2026. The company recorded a net profit of QR 219.18 million, marking a 35.9 percent dec…

Gold Reaches a 7-Week High of $4,254

Doha: Gold prices rose on Thursday for the fourth consecutive session, touching their highest level in seven weeks, supported by a weaker US dollar as traders assessed the likelihood of the Strait of Hormuz reopening. Spot gold gained 0.2% to $4,254.9…

Muscat Stock Exchange 30 Index Rises by 0.25 Percent

Muscat: The Muscat Stock Exchange 30 index closed Thursday at 7,367.94 points, up 18.8 points, or 0.25 percent, compared to the last trading session which closed at 7,349.10 points. Trading value reached OMR 57,748,904, an increase of 24.4 percent, co…