Market

Japanese Yen Plummets as BOJ Signals No Near-Term Rate Hike

The Japanese yen dropped on Wednesday after Bank of Japan (BOJ) Deputy Governor Shinichi Uchida stated that the central bank would not raise interest rates in the near term, easing trader concerns about another potential rise in the yen that could dis…

Kuwait Oil Price Records USD 76.28 PB

Price of Kuwaiti oil increased 51 cents to settle at USD 76.28 per barrel on Tuesday compared with USD 75.77 pb the day before, Kuwait Petroleum Corporation (KPC) said in on Monday.

Globally, the price of Brent crude rose by 18 cents to USD 76.48 pb,…

Saudi Electricity Company Net Profit Rises 16.6% in H1 2024

Riyadh, The Saudi Electricity Company (SEC) continued its strong financial performance in the first half and second quarter of 2024, according to an SEC press release issued today. Revenues climbed 15.5% year-over-year to SAR38.2 billion for H1 2024, …

Over 91,000 Visitors Attend Shaqra Pepper Festival

Shaqra, The fourth Shaqra Pepper Festival, which concluded yesterday, was a resounding success, helping sell large quantities of the region’s distinctive peppers and pepper-based products.

The event drew significant attention from government entities…