Market

Gold Up as Investors Await US Economic Data

Gold prices inched higher on Wednesday, with investors awaiting US economic data that could influence the Federal Reserves rate-cut timeline.

Spot gold was up 0.3% at $2,416.62 per ounce, and US gold futures gained 0.4% to $2,417.10.

As for other pr…

Yen Jumps on Commodity Currencies to its Highest in Two Months

Commodity currencies slid to multi-week lows on Wednesday on the back of weakening raw material prices with the heaviest selling against the yen, which surged to its highest in two months as short sellers bailed out ahead of a central bank meeting.

T…

Yen Jumps on Commodity Currencies to its Highest in Two Months

Commodity currencies slid to multi-week lows on Wednesday on the back of weakening raw material prices with the heaviest selling against the yen, which surged to its highest in two months as short sellers bailed out ahead of a central bank meeting.

T…

QSE Index Rises 5.11 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 5.11 points, or 0.05 percent, at the beginning of trading on Wednesday, reaching 10,145 points, compared to yesterday’s closing.

The QSE general index was supported by a rise in four sectors:…

Oil Prices Rise Affected by Falling US Crude Inventories

Oil prices rose on Wednesday after several days of decline, affected by falling US crude inventories.

Brent crude futures for September rose 37 cents, or 0.5%, to $81.38 a barrel. US West Texas Intermediate crude for September increased 38 cents, or …

UDC Announces QR150 Million Profits in 2024 First Half

Doha: United Development Company (UDC) (a Qatari public shareholding company) has announced net profits amounting to QR 150 million for the first half of 2024, ending on June 30, compared to QR189 million for the same period of 2023.

The UDC said in …

UDC Announces QR150 Million Profits in 2024 First Half

Doha: United Development Company (UDC) (a Qatari public shareholding company) has announced net profits amounting to QR 150 million for the first half of 2024, ending on June 30, compared to QR189 million for the same period of 2023.

The UDC said in …

Oman Oil Price Drops USD 1.29

Oman oil price today reached USD 80.66, comprising a drop by USD 1.29, compared to the price of Tuesday, which stood at USD 81.95.

The average price of Oman oil has stabilized at USD 83.89 per barrel, thus USD 5.41 per barrel lower than June delivery…