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Category: Industry

Oil Prices Rise at US Market Close

Oil prices rose at settlement at the end of Wednesday’s trading, following the announcement of a decline in crude oil and gasoline inventories in the US last week.

Brent crude futures rose by 42 cents, or 0.5 percent, to reach $85.08 per barrel upon …

Real Estate Trading Volume Exceeds QR 450 Million in Week

Doha: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from June 30 to July 4, 2024 reached QR 419,378,464, while the total sales contracts for residential …

QIMC Announces Start of Trial Operation of Gizaz Factory

Doha: Qatar Industrial Manufacturing Company (QIMC) announced today the start of the trial operation of the Gizaz factory for glass containers.

CEO of QIMC and Chairman Gizaz Glass Containers Company Abdulrahman Abdullah Al Ansari said that the trial…

Oil Prices Tick Up as Crude, Gasoline Inventories Ease

Oil prices edged higher on Thursday as crude stocks fell after US refineries ramped up processing and as gasoline inventories eased, signalling stronger demand.

Brent futures rose 35 cents, or 0.4% to $85.43 a barrel. US West Texas Intermediate (WTI)…

Bank of Korea Continues to Freez Interest Rate

South Korea’s central bank froze its key rate at 3.5 percent for the 12th straight session Thursday.

The Bank of Korea (BOK) has continued to stand pat following rate freezes since February last year after delivering seven consecutive rate hikes from…

OPEC Sticks to Strong Oil Demand Growth Forecasts in 2024, 2025

The Organization of the Petroleum Exporting Countries (OPEC) has stuck to its forecast for relatively robust growth in global oil demand in 2024 and 2025, citing resilient economic growth and strong rebound in air travel in the summer months.

In its …

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