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Category: Industry

QSE Index Rises 5.11 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 5.11 points, or 0.05 percent, at the beginning of trading on Wednesday, reaching 10,145 points, compared to yesterday’s closing.

The QSE general index was supported by a rise in four sectors:…

Oil Prices Rise Affected by Falling US Crude Inventories

Oil prices rose on Wednesday after several days of decline, affected by falling US crude inventories.

Brent crude futures for September rose 37 cents, or 0.5%, to $81.38 a barrel. US West Texas Intermediate crude for September increased 38 cents, or …

Yen Jumps on Commodity Currencies to its Highest in Two Months

Commodity currencies slid to multi-week lows on Wednesday on the back of weakening raw material prices with the heaviest selling against the yen, which surged to its highest in two months as short sellers bailed out ahead of a central bank meeting.

T…

UDC Announces QR150 Million Profits in 2024 First Half

Doha: United Development Company (UDC) (a Qatari public shareholding company) has announced net profits amounting to QR 150 million for the first half of 2024, ending on June 30, compared to QR189 million for the same period of 2023.

The UDC said in …

Oman Oil Price Drops USD 1.29

Oman oil price today reached USD 80.66, comprising a drop by USD 1.29, compared to the price of Tuesday, which stood at USD 81.95.

The average price of Oman oil has stabilized at USD 83.89 per barrel, thus USD 5.41 per barrel lower than June delivery…

Digesting Biden exit, markets focus on earnings, data

Washington, World markets steadied on Tuesday as investors looked beyond Joe Biden’s exit from the U.S. presidential race, turning their focus to corporate earnings and economic data.

Biden’s exit from the race has cast some doubt on a Republican vic…

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Gold Prices Climb by One Percent Amid Declining Oil Prices

London:Gold prices increased by approximately one percent, bolstered by a decline in oil prices as investors anticipate the upcoming US Federal Reserve monetary policy meeting for insights on future interest rate directions.

According to Qatar News …