KPI Acquires 50 Percent Stake in Italy’s Eco Fox

Kuwait Petroleum International (KPI) announced on Wednesday completing the agreement to acquire a 50 percent stake in Italy’s Ecofox, a company wholly owned by Fox Petroli, which specializes in the production of biofuels.

In a statement , KPI said th…

Saudi Stock Market Index Closes Lower

The main Saudi stock index closed on Monday down by 28.17 points, to close at 12,174.76 points, with trades worth SAR 8.3 billion.

The volume of shares traded reached 439 million shares, with the shares of 127 companies closed up and 96 companies clo…

QSE Index Rises 0.08% at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 7.78 points, or 0.08%, at the beginning of trading on Wednesday, reaching 9,835 points, compared to yesterday’s closing.

The QSE general index was supported by a rise in four sectors: Banks a…

Saudi Stock Market Index Closes Higher

Riyadh: The main Saudi stock index closed on Tuesday up 77.24 points, to close at 12,157.61 points, with trades worth SAR 7.3 billion.

The volume of shares traded reached 239 million shares, with the shares of 157 companies closed up and 64 companies…

QSE Index Rises 0.65% at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 63.96 points, or 0.65%, at the beginning of trading on Tuesday, reaching 9,836 points, compared to yesterday’s closing.

The QSE general index was supported by a rise in six sectors:Transporta…

Gold Drifts Lower ahead of US Inflation Data

Singapore: Gold prices eased on Tuesday, while investors looked toward key US inflation data due later this week that could throw some light on the Federal Reserve’s interest rate cut stance.

Spot gold was down 0.2% at $2,327.52 per ounce as of 0339 …