Business

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…

Qatar CPI Sees 2.28 Percent Year-on-Year Increase in January 2026

Doha: The Consumer Price Index (CPI) in the State of Qatar reached 109.90 points in January 2026, showing a decrease of 2.22 percent compared to December 2025, while it demonstrated a year-on-year increase of 2.28 percent from January 2025. The CPI, w…

Oman Oil Price Falls to $66.87 per Barrel

Muscat: The official price of Oman oil for April delivery reached $66.87 per barrel (pb) on Wednesday, comprising a decline by $0.16 compared to Tuesday’s price of $67.03.

According to Qatar News Agency, the monthly average price of Omani crude oil …