Business

Gold Rises About 1.5%

Doha: Gold rose more than one percent Thursday, recovering from losses incurred in the previous session. Spot gold climbed 1.5% to $4,322.41 per ounce, after falling 1.7% in yesterday’s session, while US gold futures for August delivery rose 0.9% to $…

Saudi Stock Market Ends Trading Session Lower

Doha: The Saudi benchmark stock index closed Wednesday’s trading session down 30.65 points, reaching a level of 11,114.90 points, with total trading value amounting to SAR 4.2 billion. The volume of shares traded during the session stood at 181 millio…

IEA Predicts Tumbling Global Oil Demand in 2026

Doha: The International Energy Agency (IEA) has downgraded its forecast for global oil demand in 2026, projecting a decline of 1.1 million barrels per day, in a sharp revision to its previous estimates. The agency attributed the downward adjustment to…