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Category: Industry

Dollar Heads for Biggest Monthly Gain in a Year

Doha: A surging dollar has swept past chart resistance and is heading toward its sharpest monthly gain in almost a year on Thursday. The dollar has broken the $1.14 level against the euro this week and hit its strongest in 13 months at $1.1325 overnig…

Visit Qatar Honors Creative Talents in Photography and Videography

Doha: Visit Qatar hosted an awards ceremony to honor the winners of the inaugural “Qatar Through Your Lens” competition, celebrating the creativity and talent of citizens and residents who captured Qatar’s culture, lifestyle, and unique experiences th…

QCAA Shuts Down Non-Compliant Travel and Air Cargo Agencies

Doha: The Qatar Civil Aviation Authority (QCAA) announced the closure of an additional number of travel and air cargo agencies, bringing the total number of offices closed since the launch of the inspection campaigns to 17.

According to Qatar News A…

Oman Oil Price Drops

Muscat: The official price of Oman crude oil for August delivery reached USD 66.9 per barrel on Wednesday. This represents a decrease of USD 3.82 compared to Tuesday’s price of USD 69.91 per barrel.

According to Qatar News Agency, the monthly averag…

Iraq Halts West Qurna-2 Oil Pumping, Cuts Output by Half

Basra: Iraq’s Basra Oil Company announced a complete suspension of pumping operations from the West Qurna-2 oil field, leading to a 50% reduction in output due to force majeure and a shortage of tankers.

According to Qatar News Agency, the productio…

Dukhan Bank Secures USD 500 Million Through AT1 Sukuk Issuance

Doha: Dukhan Bank announced the successful issuance of Additional Tier 1 (AT1) capital sukuk worth USD 500 million, with a non-call period of 5.5 years and a fixed profit rate subject to reset, yielding 6 percent. The issuance has been touted as achie…

QSE Index Opens Marginally Lower

Doha: The Qatar Stock Exchange (QSE) general index experienced a slight decline, dropping by 1.53 points, or 0.01%, at the commencement of Wednesday’s trading session. The index fell to 10,407 points compared to the previous session’s closing figures….

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