Category: Business

Saudi IPI Rose by 1.6 Percent During July

The Industrial Production Index (IPI) in the Kingdom of Saudi Arabia rose by 1.6% for the month of July compared to the same month in 2023.

Data issued by the General Authority for Statistics (GASTAT) explained that the July industrial production ind…

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Gold Falls ahead of US Inflation Data

Gold prices fell Tuesday as the dollar rose, as traders await key US inflation data, which could indicate the size of the US interest rate cut next week.

Spot gold fell 0.1% to $2,503.09 per ounce, while US gold futures were steady at $2,532.20.

The…

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QatarEnergy Inaugurates LNG Vessel “Rex Tillerson”

QatarEnergy inaugurated the first conventional-size LNG vessel under its historic shipbuilding program. The “Rex Tillerson” was named after the former Chairman and CEO of ExxonMobil as a tribute to his life-long accomplishments in the energy sector.

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Oil Prices Fall amid Weak Demand, Supply Disruptions

Oil prices edged down on Tuesday, as weak Chinese demand and supply disruptions, along with the risk of a global oversupply continued to weigh on the market.

Brent crude futures were down 4 cents, or 0.06%, to $72.80 a barrel.

US West Texas Intermed…

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QSE Index Closes 0.50 Percent Higher

Qatar Stock Exchange (QSE) Index closed Tuesday’s trading session up by 51.22 points, or 0.50 percent, to reach 10,266.77 points.

During the session, 119,482,685 shares were traded, with a total value of QAR 308,723,092.233, resulting from 12,491 tra…

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