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Category: Industry

Kuwait Oil Price Rises to $82.31 Per Barrel

Kuwait City: The price of Kuwaiti oil increased by $4.36 to reach $82.31 per barrel on Monday, in comparison to $77.95 per barrel on Friday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday.

According to Qatar News Agency, on the int…

European Stocks Drop Amid US Jobs Data Impact

Doha: European stocks fell to their lowest level in a week on Monday amid heavy selling as global stocks came under pressure following US jobs data that reinforced expectations that the Federal Reserve (the US central bank) will be cautious in cutting…

Spot Value in Qatar: Currency Exchange Rates Released by QNB

Doha: Rates against the US Dollar as issued on Tuesday by Qatar National Bank (QNB) are as follows: Qatar’s currency, the Qatari Riyal (QAR), is being bought at 3.64000 and sold at 3.64150. Other currency rates include the Saudi Riyal (SAR) at 3.75410…

Oil Prices Slip But Hold Near Four-Month Highs

Doha: Oil prices experienced a slight decline at market open on Tuesday but continued to hover near four-month highs. This comes amid ongoing market fluctuations and geopolitical tensions affecting global oil supplies.

According to Qatar News Agency…

Central Bank of Kuwait Issues KD 200 Million Bond, Tawarruq

Kuwait City: The Central Bank of Kuwait announced Monday the allocation of bonds and tawarruq issuance worth KD 200 million (approximately $660 million).

According to Qatar News Agency, the bank stated that the issuance has a three-month term with a…

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