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Category: Industry

Jordan: Crude Oil Reserves Secure, Cover Local Demand

Doha: The Jordan Petroleum Refinery Company (JPRC) has confirmed that its crude oil reserves, necessary for refining petroleum products and producing gas cylinders, are securely available and cover local market demand without any interruption.

Accor…

Turkiye Warns Middle East Tensions Could Impact Global Economy

Ankara: Turkish Minister of Energy Alparslan Bayraktar has warned that the ongoing geopolitical crisis in the Middle East could escalate to a level affecting the global economy. Speaking to the press on Wednesday, Bayraktar described the current tensi…

Exchange Rates and Precious Metals Prices Released in Qatar

Doha: The Qatar News Agency released the latest exchange rates and precious metal prices. The data provides insights into the currency values and metal prices as determined on the current market.

According to Qatar News Agency, the exchange rates fo…

Saudi Stock Index Closes Higher Amid Strong Trading Activity

Riyadh: The main Saudi stock index closed higher Wednesday, registering a gain of 130.55 points to reach a closing value of 11,079.93 points. The trading activity for the day was valued at SAR 5.7 billion.

According to Qatar News Agency, the trading …

Qatar National Bank Releases Updated Deposit Rates

Doha: Deposit rates at Qatar National Bank (QNB) were issued on Monday, detailing the latest figures for various currencies.

According to Qatar News Agency, the deposit rates for USD are structured as follows: a 1-month deposit rate stands at 3.608…

Dollar Slips with Traders Cautious Over US-Iran Tensions

Doha: Currency markets showed signs of fatigue early in Asian trade on Wednesday, with traders cautious over US President Donald Trump’s efforts to bring an end to the war with Iran. The US dollar index, which measures the greenback’s strength against…

Gold Gains as Dollar Weakens, Rate Hike Fears Ease

Doha: Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a US plan to end the Middle East war. Spot gold rose 2.1% to $4,…

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