Gold prices hovered near record highs on Friday and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent giant interest rate reduction and signs that further cuts were on the horizon.
Spot gold rose 0.2% to $2,592.17…
Although oil prices did not witness any significant change in early Asian trading on Friday, they are heading to end the week on a rise that will be the second in a row, after a large cut in US interest rates and a decline in global inventories.
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– The Iraqi Ministry of Oil announced on Wednesday that during the next five years, Iraq will be self-sufficient and will be a source of gas.
The ministry unveiled a number of projects under implementation in the exploration and production sectors, i…
Estithmar Holding Q.P.S.C. celebrated this morning the listing of its first Sukuk in Qatari Riyals on the London Stock Exchange, at the Stock Exchanges headquarters.
This is the first time that London Stock Exchange has witnessed listing in Qatari ri…
Qatar Free Zones Authority (QFZ) and ABB E-mobility, a global leader in electric vehicles charging solutions, and the Public Works Authority (Ashghal), have officially opened the new ABB E-mobility facility in Umm Al Houl Free Zone.
In a statement, t…
Supported by the decision to cut interest rates, the Qatar Stock Exchange (QSE) index ended the current week’s trading with an increase of 0.63 percent, gaining 65.83 points, compared to last week’s closing, to reach 10,464.15 points.
In remarks to Q…
– US stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points.
The S and P 500 lost 16.37 points, or 0.29%, to end at 5,618.21 points, while the Nasdaq Composite los…
US crude oil stockpiles dipped to their lowest level in a year last week, while fuel inventories rose, the Energy Information Administration (EIA) said.
Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week ending Sept. 1…
Syrian sources announced that the sound of explosions in Deir Ezzor is caused by US artillery shelling of the Conoco gas field towards the positions of militants in the area.
Source: National Iraqi News Agency