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Category: Industry

Oil Prices Rise Amid Fears Of Wider Middle East Conflict

Oil prices rose on Monday, paring last week’s losses, amid fears of a wider conflict in the Middle East following a rocket attack on the Golan Heights.

Brent crude futures rose 20 cents, or 0.3%, to $81.33 a barrel by 00:10 GMT. US West Texas Interme…

European Shares Open Higher Buoyed by Oil Sector

European shares kicked off the week on a positive note, buoyed by the global oil sector amid fears of a widening conflict in the Middle East and as a raft of upbeat earnings updates also lifted the overall market sentiment.

The pan-European STOXX 600…

QCB Governor Meets Banking Official at HSBC

Doha: HE Governor of Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al-Thani met on Monday with Regional CEO, Middle East, North Africa and Turkiye at HSBC Stephen Moss, who is visiting the country.

During the meeting, the two sides di…

Wall Street drifts, and crude oil slides ahead of a frenetic week

New York, stock indexes are drifting in mixed trading Monday ahead of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates.

The SandP 500 was 0.2% higher in late trading, coming…

CBB Treasury Bills oversubscribed by 101%

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 101%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.

Yemen: $20 million in losses at Hodeidah port

Sanaa – Ma’an – The material damage caused by the Israeli attack on the port of Hodeidah in western Yemen amounted to about $20 million, excluding oil losses, according to an official at the strategic seaport.

Israel launched an attack on the Houthi-…

Dollar jumps against shekel, trades at 3.71

Bethlehem Ma’an – Following the recent events in the north, and against the backdrop of growing fears of a security escalation in anticipation of an Israeli response in Lebanon, the dollar and the euro are recording a jump against the shekel.

The dol…

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