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…
Egyptian Petrochemicals Holding Company (ECHEM), Sidi Kerir Petrochemicals Co. (SIDPEC), Egyptian Natural Gas Company (GASCO), and Gama Construction signed on Thursday a shareholders’ agreement to establish the Alexandria Supply Chain Company.
The pr…
Oil futures jumped about three percent amid investor concerns about the expansion of the conflict in the Middle East, and after a sharp decline in US crude inventories.
Brent crude futures for September delivery rose $2.09 per barrel, or 2.66 %, to $…
Doha: The Gulf Organisation for Research and Development (GORD) announced its partnership with the United Nations Office for South-South Cooperation (UNOSSC) to launch the global South-South and Triangular Cooperation Solutions Lab.
The initiative wa…
Kuwait Bourse closed Thursday trading as the All Share Index lost 25.28 points to reach 7,214.13 points, a decrease of 0.35 percent.
As many as 207.7 million shares valued at KWD 49.4 million (roughly USD 151 million) were traded via 12,737 transacti…
Secretary-General of the Gulf Cooperation Council (GCC) Jassim Mohammad Al Budaiwi and Indonesia’s Minister of Trade Dr. Zulkifli Hasan signed the joint statement to launch negotiations on the Indonesia-GCC Free Trade Agreement (I-GCC FTA).
Both side…
Tokyo stocks tumbled Thursday at the close of trading Thursday, as key sectors including real estate and exporting companies declined, amid a rise in the value of the yen against the dollar.
The 225-issue Nikkei Stock Average ended down 975.49 points…
The British Oil Company (SHELL) reported that its profit for the second quarter of 2024 fell by more than 19 percent compared to the first quarter.
Despite this decline, profits were higher than expected, with Shell reporting adjusted earnings of USD…
Manama, The Central Bank of Bahrain (CBB) announces that the issue of the 3-year Government Development Bond has been oversubscribed by 280%.
Subscriptions worth BD 419.294 million were received for the BD 150 million issue, which carries a maturity …
Polaris International Industrial Parks Company plans to infuse around $120 million in fresh investments, collaborating with the New Urban Communities Authority to execute a development project spanning 2.6 million square meters in New October.
This i…
Seoul, South Korea’s industrial output fell for the second consecutive month in June, but retail sales and facility investment rebounded.
Industrial output inched down 0.1% on-month in June, following a 0.8% fall a month earlier.
The decline came as…
Stock Exchange (Casablanca) – The Casablanca Stock Exchange, closed on Tuesday on the occasion of Throne Day, began trading in the green on Wednesday, with its main index, the MASI, edging up 1.54% to 14,119.18 points.
On Monday, the MASI had closed …
Tripoli: The German Ambassador to Libya, Arvid Enders, has revealed discussions held with Salem al-Zadma, the Deputy Prime Minister of the Government of National Unity, focusing on achieving consensus on unity and decentralization in the Fezzan region…
Tripoli: The German Ambassador to Libya, Arvid Enders, has revealed discussions held with Salem al-Zadma, the Deputy Prime Minister of the Government of National Unity, focusing on achieving consensus on unity and decentralization in the Fezzan region…
Tripoli: The Jadu filling station will enhance access to fuel services for the city’s residents and surrounding areas. Brega Oil Marketing Company announced on Tuesday the completion of civil and construction works for the instant fuel filling station…
Tripoli: The Tebyan platform has officially denied the truthfulness of reports circulating on various social media platforms, which claimed that the Government of National Unity was involved in handing over a wanted person to Egypt. This assertion com…
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