Market

UDC’s Net Profit Decreases 13.6% in Q1 2024

Doha: United Development Company’s (UDC) announced its financial results for the first quarter of 2024, reporting net profit of QR 76 million in comparison to net profit QR 88 million for the same period of the previous year, a decrease of 13.6%.

UDC…

QC, Jordanian Delegation Discuss Promoting Industrial Cooperation

Doha: The Qatar Chamber (QC) discussed with a delegation of Jordanian manufacturers ways to promote bilateral cooperation relations, available industrial opportunities, and the partnership between the private sectors of both countries.

This came in a…

Oman Oil Price Rises $1.84

Oman oil price (June delivery 2024) on Tuesday reached $88.68, comprising a rise by $1.84 compared to Monday’s price which stood at $86.84.

The average price of Oman oil (April delivery 2024) stabilized at $80.85 per barrel, thus $2.10 per barrel hig…

Gold Prices Fall as Traders Focus on US Economic Data

Gold prices dropped in Asian trade on Wednesday as investors awaited important US economic data that could provide further insight into the timing of interest rate decreases.

Spot gold was down 0.1% at $2,320.19 per ounce, after closing the previous …