Market

Oil Falls 3% in Early Asian Trade

Oil prices slid 3% in early Asian trade on Tuesday after OPEC lowered its outlook for global oil demand growth in 2024 and 2025.

Brent crude futures were down $2.27 at $75.19 per barrel, while US West Texas Intermediate futures fell $2.22 to $71.60 p…

Dollar Steady at over 2-Month High

The US dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, pinning the yen closer to the key 150 per dollar level.

The euro also …

UDC Signs Agreement to Sell 40% Stake in Qatar Cool to QIA

United Development Company (a Qatari public shareholding company) signed a conditional sale and purchase agreement with Investco Holding Company, a wholly owned subsidiary of Qatar Investment Authority (QIA), worth QR 793.4 million, in exchange for 40…