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Yen Rises, Dollar Falls as Federal Reserve Signals Rate Cut

The US dollar declined today after the Federal Reserve (US Central Bank) kept the door open for a rate cut in September, helping stabilize the yen near its highest level since March following the Bank of Japan’s shift towards a tightening policy The y…

Turnwell: Pioneering new phase of Abu Dhabi’s energy industry

ABU DHABI: Turnwell, ADNOC Drilling’s new joint venture has started operations, drilling its first well in Abu Dhabi’s Al Dhafra region, to unlock Abu Dhabi’s world-class unconventional energy resources. marking a major milestone for Abu Dhabi’s energ…

QSE Index Drops 19.32 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) dropped 19.32 points, or 0.19 percent, at the beginning of trading on Thursday, reaching 10,134 points, compared to yesterday’s closing.

QSE general index was weighed down by a decline in four sec…

Gold Hits Two-week High after Fed Chief’s Rate Statements

Gold prices climbed to a two-week high on Thursday as US Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September.

Spot gold was steady at $2,448.38 per ounce, after hitting its highest level since July 18 e…

S. Korea’s Exports Rise 13.9% in July

South Korea’s exports extended on-year gains to the tenth straight month in July on the back of the robust performance of semiconductors, data showed Thursday.

Outbound shipments rose 13.9 percent on-year to USD 57.4 billion last month, according to …

Iraq, BP ink oil, gas fields MoU in Kirkuk governorate

Iraq’s Ministry of Oil signed a comprehensive Memorandum of Expertise with British Petroleum (BP) to develop oil and gas fields in Kirkuk Governorate, north of the country.

The presidential media office on Thursday mentioned that Prime Minister Moham…

Oil Prices Jump nearly Three Percent as US Inventory Falls

Oil prices rose 3 percent amid investor fears of a widening conflict in the Middle East and after a sharp drop in US crude inventories.

Brent crude futures climbed $2.09 a barrel, or 2.66%, to $80.72, for delivery in September. The more active Octobe…

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