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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…

Oil Trims Losses as Traders Assess Progress in US-Iran Talks

Singapore: Oil prices steadied in Asian trade on Wednesday after falling about 2% in the previous session as investors assessed progress in US-Iran talks but remained cautious about the prospects of a final deal that could ease supply concerns. Brent …

QSE Drops 0.21% at Start of Trading

Doha: The Qatar Stock Exchange (QSE) general index fell by 23.36 points, or 0.21%, at the beginning of Wednesday’s trading session, reaching 11,339 points in comparison to the previous session’s closing.

According to Qatar News Agency, the decline i…

Gold Rises on Dip-buying After Over 2% Drop

Gold: Gold edged up on Wednesday on dip-buying, after losing more than 2% in the last session on progress in US-Iran talks. Spot gold rose 0.2% to $4,886.69 per ounce, after declining more than 2% to a more than one-week low on Tuesday.

According t…