Business

Oil Prices Surge Above $100 per Barrel

Moscow: Oil prices surged past $100 a barrel as the US navy prepared to blockade the Strait of Hormuz after talks between the United States and Iran ended without an agreement. Brent crude futures rose $7.11, or 7.47 percent, to $102.31 a barrel, afte…

Boursa Kuwait Sees Positive Movement with Indices Closing Higher

Kuwait city: Boursa Kuwait closed higher on Monday, with its general index rising 70.44 points, or 0.82%, to 8,694.08 points.

According to Qatar News Agency, a total of 412.6 million shares were traded through 25,346 cash transactions, with a combi…

Gold Prices Fall as Dollar Strengthens Amid Inflation Concerns

Moscow: Gold prices fell Monday, pressured by a stronger dollar and renewed inflation fears that overshadowed expectations of future interest rate cuts. Spot gold declined by 0.3 percent to USD 4,734.50 an ounce, after touching its lowest level since …