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QEWC Records Net Profits of QR 318 Million in 2024 Q1

Doha: Qatar Electricity and Water Company (QEWC) recorded a net profits of QR 318 million in the first quarter of 2024, compared to QR 401 million for the same period in 2023, a 21 percent decrease.

The company stated that the earnings per share for …

Gold Falls to Lowest Levels in More than 2 Weeks

Singapore, Gold prices fell on Tuesday to their lowest levels in more than two weeks on easing concerns of an escalation in the Middle East crisis.

Spot gold was down nearly 1% at $2,304.99 per ounce. US gold futures fell 1.2% to $2,318.80.

Among ot…

Kuwait Crude Oil Drop $1.21

Kuwait, Kuwait crude oil dropped $1.21 during Monday’s trading sessions to reach $87.17 per barrel compared with $88.38 pb last Friday, Kuwait Petroleum Corporation (KPC) said Tuesday.

Benchmark Brent futures lost 29 cents to $87 pb and West Texas In…