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Day: January 11, 2024

Kuwait crude oil price up to US$80.09 pb

KUWAIT: The price of Kuwaiti oil went up by US$1.13 to US$80.09 per barrel on Wednesday as opposed to US$78.96 the day before, Kuwait Petroleum Corporation (KPC) said Thursday.

According to the Kuwait News Agency (KUNA), in international markets, the…

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Vietnam experiencing vibrant sea tourist influx

HANOI: The tourism industry in 2024 has seen positive signals as ocean liners have bustled at ports for the past 10 days, bringing tens of thousands of foreign visitors to Vietnam, reported the state news agency (VNA).

According to the UN World Touri…

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Gold gains $10 in spot trading

Gold prices rose during today’s trading, gaining about US$10 in spot trading.

As of 10:15 UAE time, the yellow metal increased by 0.49 percent or $9.98 to reach $2034.36 per ounce.

Gold futures for February 2024 rose by 0.52 percent or $10.4 to rea…

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FAB issues first Sukuk globally in 2024

ABU DHABI: First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779%.

This issuance marks the first Sukuk issued globally in 2024 and stands as the region’s first offerin…

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