Market

Oil Prices Drop Over $2 Per Barrel Amid OPEC+ Output Increase

Doha: Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes. Brent crude futures dropped $2.15 a barrel, or 3.51%, to $59.14 a barrel, while US West Texas Intermediate crude was at $5…

Qatar Airways Expands Flight Services to Toronto and So Paulo

Doha: Qatar Airways expanded its services for travellers to and from the Americas with its upcoming increase in flights to Toronto and So Paulo. Reaffirming its focus on serving growing demand, the airline will serve Toronto Pearson Airport (YYZ) with…

Egypt Announces 62.3 Percent Drop in Suez Canal Revenues

Doha: The Central Bank of Egypt (CBE) announced Monday that Suez Canal transit revenues decreased by 62.3 percent. In a statement Monday, the CBE explained that canal revenues amounted to approximately USD1.8 billion during the first half of fiscal ye…