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Category: Industry

Oil Prices Fall 2nd Day Amid Possible US-Iran Peace Deal

Doha: Oil prices fell for a second day on Wednesday on expectations bottled up supply from the key Middle East producing region could resume flowing after The US indicated a possible peace deal may be reached to end the war with Iran. Brent crude futu…

Dollar Falls as US-Iran Deal Hopes Grow

Doha: The dollar retreated against most major currencies on Wednesday after the US signaled it may be nearing a deal with Iran. The euro stood at $1.1714 and sterling traded at $1.35685, both up roughly 0.2% so far on the day.

According to Qatar New…

US Stock Indexes Close Higher

New york: Major US stock indexes closed higher on Tuesday.

According to Qatar News Agency, the S and P 500 rose 58.72 points, or 0.82 percent, to close at 7,259.47. The Nasdaq Composite gained 259.06 points, or 1.03 percent, to 25,326.51. The Dow J…

Kuwait Bourse Closes Higher with Strong Gains Across Indices

Kuwait city: Kuwait Bourse closed trading on Wednesday up as the All Share Index gained 35.54 points to reach 8,906.53 points, an increase of 0.40 percent.

According to Qatar News Agency, a total of 631.19 million shares valued at KWD 132.6 million …

Oil Prices Ease on US Efforts to Reopen Strait of Hormuz

Doha: Oil prices eased on Tuesday Oil prices eased on Tuesday after climbing by as much as 6 percent in the previous session on signs of US attempts to open the Strait of Hormuz.

According to Qatar News Agency, Brent oil futures for July fell by 68 …

Gold Rebounds from Over One-Month Low as Prices Rise

Doha: Gold prices rose on Tuesday, rebounding from a more than one-month low hit in the previous session, though gains were limited by elevated oil prices. Spot gold was up 0.5% at $4,541.39 per ounce. Bullion fell more than 2% to its lowest level sin…

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