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Oil Prices Rise at Settlement

Oil prices rose at settlement at the end of Thursday’s trading, after strong US economic data boosted expectations of higher demand for crude, but concerns about lower Chinese oil imports limited gains.

Brent crude futures for September delivery rose…

US Economy Grows by 2.8 percent in Q2

The US economy grew by 2.8 percent in the second quarter of this year, after growing by 1.4 percent year-on-year in the first quarter.

Data from the US Department of Commerce released Thursday showed that the US economy grew more than expected during…

CBI records 14% growth in net profit in H1 2024

DUBAI: Commercial Bank International (CBI) has announced its financial results for the first half of 2024, with pre-tax net profit growing 14 percent year-on-year (YoY) from AED78.9 million to AED89.9 million.

In a press release today, the bank said …

NBF records net profit of AED 441.2 mln in H1 2024

FUJAIRAH: The National Bank of Fujairah (NBF) recorded net profit after tax of AED 441.2 million for the first half of 2024, with a corporate tax charge of AED 43.8 million.

According to a press statement today, Thursday, NBF recorded a year-on-year …

QSE Index Closes Down 0.39 Percent

Doha: The Qatar Stock Exchange (QSE) index closed Thursday’s trading session with a decrease of 39.09 points, or 0.39 percent, settling at 10,098.36 points.

During the session, 100,123,121 shares were traded, with a total value of QR 300,134,561.768,…

Kuwait Oil Price Down to USD 82.61 PB

Price of Kuwaiti oil dropped USD 1.29 to settle at USD 82.61 per barrel on Wednesday compared with USD 83.90 pb the day before, Kuwait Petroleum Corporation (KPC) said in on Thursday.

Globally, the price of Brent crude rose by 70 cents to USD 81.71 p…

UAE hosts 54th meeting of ATICM Executive Bureau

DUBAI: The UAE, represented by the Telecommunications and Digital Government Regulatory Authority (TDRA), hosted the 54th meeting of the Executive Bureau of the Arab Telecommunications and Information Council of Ministers (ATICM) on 24th July 2024 in …

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