Market

Kuwaiti Oil Prices Rise $1.37 a Barrel

The price of Kuwaiti oil rose $1.37 to reach $76.08 per barrel in Thursday’s trading, compared to $73.70 in trading the day before, according to the price announced by the Kuwait Petroleum Corporation (KPC).

In global markets, US West Texas Intermed…

Gold Hovers Near Record High on Fed Rate Cut Boost

Gold prices hovered near record highs on Friday and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent giant interest rate reduction and signs that further cuts were on the horizon.

Spot gold rose 0.2% to $2,592.17…

ABB E-mobility Opens Regional Facility in Qatars Free Zones

Qatar Free Zones Authority (QFZ) and ABB E-mobility, a global leader in electric vehicles charging solutions, and the Public Works Authority (Ashghal), have officially opened the new ABB E-mobility facility in Umm Al Houl Free Zone.

In a statement, t…

Financial Analyst to QNA: Interest Rate Cuts Boost QSE Gains

Supported by the decision to cut interest rates, the Qatar Stock Exchange (QSE) index ended the current week’s trading with an increase of 0.63 percent, gaining 65.83 points, compared to last week’s closing, to reach 10,464.15 points.

In remarks to Q…