Category: Industry

Oman Oil Price Rises $1.84

Oman oil price (June delivery 2024) on Tuesday reached $88.68, comprising a rise by $1.84 compared to Monday’s price which stood at $86.84.

The average price of Oman oil (April delivery 2024) stabilized at $80.85 per barrel, thus $2.10 per barrel hig…

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UAE, Oman Establish $35.12 billion Agreements and MoUs

The UAE and Oman signed Tuesday several multi-field agreements, memorandums of understanding and investment partnerships worth AED 129 billion ($35.12 billion).

The signing was done during the UAE-Oman Business Forum, on the sidelines of Sultan Haith…

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Kuwait Crude Oil Up $1.95

Kuwait crude oil went up by $1.95 during Tuesday’s trading to reach $89.12 per barrel compared with $87.17 pb the day before, Kuwait Petroleum Corporation (KPC) said Wednesday.

Benchmark Brent futures increased by $1.42 to $88.42 pb, and West Texas I…

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UDC’s Net Profit Decreases 13.6% in Q1 2024

Doha: United Development Company’s (UDC) announced its financial results for the first quarter of 2024, reporting net profit of QR 76 million in comparison to net profit QR 88 million for the same period of the previous year, a decrease of 13.6%.

UDC…

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Gold Prices Fall as Traders Focus on US Economic Data

Gold prices dropped in Asian trade on Wednesday as investors awaited important US economic data that could provide further insight into the timing of interest rate decreases.

Spot gold was down 0.1% at $2,320.19 per ounce, after closing the previous …

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