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Oil Prices Fall by Nearly 3 Percent at Settlement

Doha: Oil prices experienced a notable decline as trading came to a close, with Brent crude futures dropping USD 2.03, or 2.83 percent, to settle at USD 69.67 a barrel. Similarly, US West Texas Intermediate (WTI) crude saw a decrease of USD 1.93, or 2…

US President Increases Tariffs on Dozens of Countries

Washington: US President Donald Trump has signed an executive order to increase tariffs on imports from dozens of countries, in a move aimed at restructuring global trade dynamics and promoting US economic interests. The new tariffs are set to take ef…

S. Korea’s Exports Grow 5.9% On-Year in July

Doha: South Korea’s exports rose 5.9% from a year earlier in July thanks to robust global demand for semiconductors. Outbound shipments came to $60.8 billion last month, the highest figure for any July, according to data compiled by the Ministry of Tr…

Gold Prices Steady, Set for Weekly Loss on Stronger Dollar

Doha: Gold prices held steady on Friday, but were on track for a weekly loss as pressure from a stronger dollar outweighed support from trade uncertainty caused by new US tariffs. Spot gold was unchanged at $3,289.79 per ounce. Bullion is down 1.4% so…