Business

Oil Trims Losses as Traders Assess Progress in US-Iran Talks

Singapore: Oil prices steadied in Asian trade on Wednesday after falling about 2% in the previous session as investors assessed progress in US-Iran talks but remained cautious about the prospects of a final deal that could ease supply concerns. Brent …

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…