Market

European Shares Rise As Concerns Over US Banking Sector Ease

Doha: European shares closed higher Monday, as initial concerns over the stability of the US banking sector eased. The pan-European Stoxx 600 index jumped about 1 percent.

According to Qatar News Agency, the industrial sector was the biggest support…

IEA Projects Significant Global Oil Surplus by 2026

Doha: The International Energy Agency (IEA) forecast Monday a global oil market oversupply of 4 million barrels per day (bpd) in 2026, citing the recent increase in crude oil supplies from the Middle East and the Americas. It noted that this increasin…

Ukraine Weighs USD2 Billion Gas Imports Amid Russian Strikes

Kyiv: Ukraine may import natural gas worth up to USD 2 billion this winter from Europe, the United States, and Azerbaijan, following severe damage to Ukraine’s gas infrastructure caused by Russian attacks, Ukrainian President Volodymyr Zelenskyy said …

Gold Edges Higher After Sharp Weekly Decline

Doha: Gold prices edged higher on Monday, recovering part of last week’s steep losses after easing US-China trade tensions spurred investors to shift toward riskier assets. Spot gold rose 0.4% to $4,263.59 per ounce, rebounding after a 1.8% drop on Fr…