Business

EU Offers Support to Ukraine for Druzhba Pipeline Repairs

Brussels: European Union (EU) officials announced Tuesday that Ukraine has accepted European technical and financial assistance to repair the Druzhba pipeline, which carries Russian oil to Hungary and Slovakia. European Commission President Ursula von…

Jordan’s Wheat Reserves Sufficient for 5.5 Months, Minister Says

Jordan: Jordan’s Minister of Industry, Trade and Supply Yarub Qudah announced that the Kingdom’s wheat reserves are adequate to cover consumption for 5.5 months, with an additional four-month supply already contracted and on its way. This statement wa…

Oil Prices Edge Down Amid Calls to Secure Strait of Hormuz

Riyadh: Oil prices declined in early Asian trading on Monday following US President Donald Trump’s call for other nations to assist in protecting the Strait of Hormuz. Brent crude futures fell 24 cents, or 0.23 percent, to $102.90 a barrel, after clos…

Kuwait Bourse Ends Trading with Decline in All Share Index

Kuwait: Kuwait Bourse closed trading on Monday as the All Share Index lost 32.98 points to reach 8,571.14 points, a decrease of 0.38 percent.

According to Qatar News Agency, the trading session saw a total of 137.6 million shares exchanged, valued a…