Market

Kuwaiti Oil Barrel Price Retreats $0.39

Kuwait, The price of a barrel of Kuwaiti oil rose by $0.39 to reach $80.31 per barrel in trading yesterday, Friday, compared to $79.92 in trading the previous day, according to the price announced today by the Kuwait Petroleum Corporation.

In global …

Gold Prices Rise Amid Expectations of US Interest Rate Cuts

Gold prices rose Friday, heading towards achieving weekly gains, supported by increasing hopes for a US interest rate cut in September.

Gold rose in spot transactions by 0.6 percent to USD 2,471.79 per ounce, and rose by 1.7 percent since the beginni…

European Stock Indices Close on Mixed Board This Week

European stocks ended trading this week with strong gains, amid optimism following a series of positive US data.

The European Stoxx 600 index Friday rose 0.3 percent , recording its best weekly performance since May 6, as it increased by 2.4 percent …

Japanese Stocks Close Higher

Japanese stocks closed higher on Monday.

The Nikkei rose nearly 3 percent and posted its best weekly performance in more than four years after strong U.S. retail sales data eased concerns about a recession in the world’s largest economy and Japan’s b…

Industrial Production Index Rises 2.5% in June MoM

Doha: The Industrial Production index (IPI) for June 2024 reached 96.1 point, increased by 2.5 percent compared to the previous month (May 2024), and decreased by 7.5 percent, when compared to the corresponding month in 2023.

This index measures the …

Kuwait Oil Price Down 56 Cents

The price of Kuwaiti oil went down 56 cents to reach $79.92 per barrel on Thursday, compared to $80.48 pb the day before, according to Kuwait Petroleum Corporation (KPC) on Friday.

On the global scale, the Brent crude futures’ contracts went up $1.28…