admin

Gold Falls on Firm Dollar, Markets Await US Inflation Data

Doha: Gold prices edged lower on Thursday after a more than 2% gain in the previous session, as the US dollar firmed ahead of a key inflation report due later this week that could provide more cues on the US interest rate trajectory.

According to Q…

Maersk Acquires Stake in Jeddah Port’s South Container Terminal

Jeddah: The Saudi Ports Authority (Mawani) announced that Maersk Group, through its wholly-owned subsidiary APM Terminals, has acquired a 37.5% stake in the South Container Terminal at Jeddah Islamic Port.

According to Qatar News Agency, this move s…

Oman Oil Price Falls to $66.87 per Barrel

Muscat: The official price of Oman oil for April delivery reached $66.87 per barrel (pb) on Wednesday, comprising a decline by $0.16 compared to Tuesday’s price of $67.03.

According to Qatar News Agency, the monthly average price of Omani crude oil …