Category: Production

Cairo, The Gulf of Suez Petroleum Company (GUPCO) is planning to drill five new wells in North Safa and Al Wasl oil fields in the Gulf of Suez to develop oil reserves that exceed 100 million barrels and increase oil production to 15,000 barrels per da…

Manama, Bahrain All Share Index has closed at 1,975.11 points, marking a decrease of 3.15 points below the previous closing.

This decrease was due to the drop in the financial and industrial sectors.

Bahrain Islamic Index closed at 823.30 points, ma…

Price of Kuwaiti oil dropped USD 1.29 to settle at USD 82.61 per barrel on Wednesday compared with USD 83.90 pb the day before, Kuwait Petroleum Corporation (KPC) said in on Thursday.

Globally, the price of Brent crude rose by 70 cents to USD 81.71 p…

Doha: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from July 14 to 18, reached QR 236,365,454, while the total sales contracts for residential units in …

Oil prices rose at settlement at the end of Thursday’s trading, after strong US economic data boosted expectations of higher demand for crude, but concerns about lower Chinese oil imports limited gains.

Brent crude futures for September delivery rose…

The value of the Japanese currency rose to 152 yen against the dollar, benefiting from expectations that the Bank of Japan may normalize its monetary policy soon.

The Nikkei stock index logged on Thursday its biggest single-day point fall in eight ye…

Doha: Qatar Stock Exchange (QSE) index lost 0.37 percent at the beginning of Thursdays trading, losing 37.33 points and thus falling to 10,100 points under pressure from all sectors.

QSE attributed the decline in the general index to the negative per…

Oil prices eased on Thursday due to concerns over weak demand in China, the world’s largest crude importer.

Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel.

US West Texas Intermediate crude slid 33 cents, or 0.4%, to $77…

Gold prices fell more than 1% on Thursday as investors booked profits ahead of US economic data that could offer more cues on when the central bank will cut interest rates this year and by how much.

Spot gold fell 0.9 % to $ 2377.29 per ounce. US gol…

Doha: In line with the Third Financial Sector Strategy, the FinTech Strategy, and Qatar Central Banks endeavor to regulate and develop the financial sector and enhance the FinTech ecosystem in the country, Qatar Central Bank has issued the “Distribute…

Doha: The Qatar Stock Exchange (QSE) index closed Thursday’s trading session with a decrease of 39.09 points, or 0.39 percent, settling at 10,098.36 points.

During the session, 100,123,121 shares were traded, with a total value of QR 300,134,561.768,…

China’s major state-owned commercial banks announced on Thursday reductions in deposit interest rates.

The one-year fixed-term deposit interest rate was cut by 10 basis points to 1.35 percent, according to the official deposit interest rates released…