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Gold Prices Poised for Monthly Gain

Gold prices declined on Friday but are on track for a second consecutive month of gains, on prospects of a US interest rate cut in September, while traders awaited key US inflation data for further insights.

Spot gold was trading at $2,513.99 per oun…

Kuwaiti Oil Barrel Prices Decline $0.88

Kuwait’s oil barrel fell $0.88 to $77.79 per barrel in trade on Wednesday against $78.67 in trading on Thursday, according to Kuwait Petroleum Corporation (KPC) reported price.

In global markets, Brent crude futures fell $1.29 cents to set the settle…

July PPI Grows 7.19% YoY

The PPI for July 2024 came in at 116.43 points showing an increase of 0.60 percent and 7.19 percent on a monthly and yearly basis respectively, data from the National Planning Council showed today.

The four main sectors that make up the index are Min…

Free Zones Authority CEO Meets Kazakhstan’s Ambassador

CEO of the Free Zones Authority HE Sheikh Mohammed bin Hamad bin Faisal Al-Thani, met with HE Ambassador of the Republic of Kazakhstan to the State of Qatar Arman Issagaliyev, during his visit to Ras Bufontas Free Zone.

The two sides discussed ways o…

Eurozone Inflation Falls to 3-year Low

Eurozone inflation fell to its lowest level in three years this month, reinforcing expectations of another interest rate cut by the European Central Bank (ECB) in September.

According to preliminary data released by the European statistics agency Eur…

Oman Oil Price Rises USD 1.63

Oman oil price (October 2024 delivery) today reached USD 78.05, comprising a rise by USD 1.63, compared to the price of Thursday, which stood at USD 76.42.

According to Oman new agency (ONA), the average price of Oman oil (August 2024 delivery) stabi…

China demands the Philippines withdraw US missiles

China on Friday reiterated its strong opposition to the US deployment of medium-range missiles in the Philippines, calling on Manila to withdraw them from its territory as soon as possible.

Chinese Foreign Ministry spokesperson Lin Jian stated this …

UK concerned over military operation in West Bank

The UK is deeply concerned by the ongoing military operation by Israeli occupation forces in the occupied West Bank, a Foreign, Commonwealth and Development Office (FCDO) spokesperson said on Friday.

In a press statement, the spokesman said his coun…

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