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Category: Industry

Oil Prices Edge Down Amid Calls to Secure Strait of Hormuz

Riyadh: Oil prices declined in early Asian trading on Monday following US President Donald Trump’s call for other nations to assist in protecting the Strait of Hormuz. Brent crude futures fell 24 cents, or 0.23 percent, to $102.90 a barrel, after clos…

Aluminium Bahrain Initiates 19% Production Capacity Reduction

Manama: Aluminium Bahrain (Alba) has announced a strategic move to shut down three of its aluminium smelting lines, which constitute 19% of its total production capacity, set at 1,623,000 metric tonnes per annum. This decision was revealed on Sunday a…

Kuwait Bourse Closes Lower as All Share Index Drops

Kuwait city: Kuwait Bourse closed trading on Monday as the All Share Index lost 54.55 points, a decrease of 0.62% to reach 8,760.57 points. As many as 349.8 million shares valued at KWD 91.7 million (roughly USD 280.6 million) were traded via 30,056 t…

Muscat Stock Exchange Index Declines by 34.8 Points

Muscat: The Muscat Stock Exchange (MSX) general index 30 concluded trading on Sunday at 7,704.67 points, marking a decline of 34.8 points, or 0.45 percent, from the previous close of 7,739.43 points.

According to Qatar News Agency, the trading value…

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