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Category: Industry

QNB Dissects Reasons Behind German Economy’s Underperformance

Doha: QNB expects Germanys real GDP to remain flat in 2024 and average growth of 1 percent in the next few years.

The bank said in its weekly report on dissecting the German economy’s growth underperformance that the German economy faces major obstac…

S and P Lifts Oman’s Rating to BBB- with Stable Outlook

Standard and Poor’s (S and P) has upgraded Omans credit rating to BBB- from BB+, with a stable outlook, citing improved financial performance.

The BBB- rating marks the first level of investment-grade creditworthiness, signaling a safe investment e…

Tropical Storm Helen Halts 24% of Oil Production in Gulf of Mexico

About 24 percent of crude oil production and 18 percent of natural gas production in the Gulf of Mexico, United States, has been halted due to Tropical Storm Helene.

The U.S. Bureau of Safety and Environmental Enforcement reported that energy produce…

Oil prices fall amid expectations of increased supplies

Oil prices fell for the third day in a row in early Asian trading, today, Friday, and are heading to end the week lower.

Brent crude futures lost 57 cents, or 0.8 percent, to $71.03 a barrel, while US West Texas Intermediate crude futures fell 58 ce…

Oil prices fall amid expectations of increased supplies

Oil prices fell for the third day in a row in early Asian trading, today, Friday, and are heading to end the week lower.

Brent crude futures lost 57 cents, or 0.8 percent, to $71.03 a barrel, while US West Texas Intermediate crude futures fell 58 ce…

Gold Lingers Near Record Highs

Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big US rate cut this year.

Spot gold was up 0.2% at $2,661.25 per ounce. Bullion hit a record high of $2,670.43 on Wednesday.

US gold futures were steady…

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