Business

Australia’s Annual Inflation Rate Holds Steady

Sydney: The Australian Bureau of Statistics announced that the country’s inflation rate remained steady at 3.8 percent over the 12 months through January 2026. Head of Prices Statistics at the Bureau, Michelle Marquardt, stated that the annual inflati…

Saudi Stock Market Index Closes Lower by 58 Points

Riyadh: The main Saudi stock index closed Wednesday down 58.51 points, reaching 10,847.93 points, with trading valued at SAR 3.7 billion.

According to Qatar News Agency, daily economic bulletin for the Saudi stock market, 167 million shares were tr…

Oil Prices Hover Near Seven-Month Highs Amid US-Iran Tensions

Oil: Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the US and Iran that could disrupt supply continues to worry investors even as talks between the parties are set for Thursday.

According to…

Oman Oil Price Drops

Muscat: The official price of Oman crude oil for July delivery reached USD 102.04 per barrel on Monday. This represents a decrease of USD 2.13 compared to last Friday’s price of USD 104.17 per barrel.

According to Qatar News Agency, the monthly aver…