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Gold Prices Slip as Investors Await US Inflation Data

Doha: Gold prices fell on Tuesday, weighed down by a broad sell-off and growing expectations of US interest rate hikes later this year, while investor focus shifted to key inflation data due later this week. Spot gold fell 0.7 percent to $4,298.75 an …

Oman Oil Price Falls $4.79 Per Barrel

Muscat: The official price of Oman crude oil for August delivery reached $88.59 per barrel on Tuesday, reflecting a decrease of $4.79 compared to Monday’s price of $93.38 per barrel.

According to Qatar News Agency, the monthly average price for Oman…

Korean Shares Surge Over 8%

Seoul: South Korean stocks rose by more than 8 percent on Tuesday, strongly recovering from the sharp decline in the previous session, thereby regaining the 8,000-point level. The benchmark KOSPI index added 612.52 points, rising 8.18 percent, to clos…

QatarEnergy Announces New Oil Discovery Offshore Namibia

Doha: QatarEnergy announced an oil discovery with encouraging results from the Merlin-1X exploration well in the Petroleum Exploration License 39 (PEL 0039), offshore Namibia.

According to Qatar News Agency, Merlin-1X is the tenth well drilled under…