Kuwait oil price down to $71.14 pb

Kuwait: The Kuwaiti oil price fell US$1.14 to US$71.14 per barrel on Tuesday, compared with US$72.28 pb on Monday, state news agency (KUNA) reported, citing the Kuwait Petroleum Corporation (KPC) on Wednesday.

Globally, Brent crude went down by 30 ce…

ADNOC Drilling reports revenue above $1 billion in Q3-24

Abu dhabi: ADNOC Drilling Company today announced record financial results for the third quarter and first nine months of 2024. The company’s third-quarter revenue increased significantly to $1.026 billion, rising by 32% year-on-year.

The company sai…

Korea’s new car sales dips to 11-yr low

Seoul: The Republic of Korea’s new automobile sales during the first nine months of the year fell over 8 percent from a year earlier amid high borrowing costs and a slowdown in global electric vehicle demand, industry data showed Wednesday.

Yonhap Ne…

UAE’s economy to grow over 5% in 2025: UBS Wealth Management

ABU DHABI: Michael Bolliger, Chief Investment Officer of Emerging Markets at UBS Global Wealth Management, stated that the UAE’s GDP growth is expected to surpass 5 percent in 2025.

Bolliger told the Emirates News Agency (WAM), during an online press…