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Gold Heads for Third Weekly Loss on Firm Dollar

Dubai: Gold prices were on track for a third consecutive weekly decline, falling more than 1 percent on Friday, amid a stronger dollar. Spot gold was down 1.1 percent at $4,163.93 per ounce, as of 03:38 GMT. US gold futures for August delivery fell 1….

Kuwait Plans to Boost Oil Output to 2 Million BPD in a Week

Kuwait: Kuwait Petroleum Corporation (KPC) plans to raise the country’s oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC’s Deputy Chairman and CEO S…

Ebola Outbreak Zone Cases Up Almost 40% in a Week

Congo: The Ebola outbreak in Congo, which has spread across parts of Africa, has claimed more than 200 lives in its first month, marking it as the most severe outbreak at this stage, according to the Africa Centres for Disease Control and Prevention (…

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