Kuwait city: Kuwait Petroleum Corporation (KPC) announced Saturday that its subsidiary, Kuwait Oil Company (KOC), has signed a USD 16 billion lease and leaseback agreement for its domestic crude oil export pipeline network (the Shaheen Project) with a…
Doha: Qatar National Bank (QNB) said in its latest weekly economic commentary that while mounting structural headwinds continue to weigh on the US dollar’s long-term outlook, cyclical factors remain the dominant drivers underpinning the currency’s res…
Doha: Gold prices declined in Asian trading on Friday after falling nearly 2% in the previous session, as oil prices climbed above $100 a barrel, strengthening inflation concerns and expectations of higher US interest rates. Spot gold prices fell 0.4%…
Doha: The price of Kuwaiti crude oil surged by USD 7.68, reaching USD 102.39 per barrel in Thursday’s trading. This increase is a notable jump from the previous session’s price of USD 94.71 per barrel, as reported by the Kuwait Petroleum Corporation.
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