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Oil Prices Rise 1% on US Hurricane Impact Concerns

Oil prices rose more than 1% on Thursday, spurred by concerns of Hurricane Francine impacting output in the US, the world’s biggest crude producer, though worries of lower demand capped gains.

Brent crude futures for November were up $1, or 1.4% at $…

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Omani Oil Prices rises USD 1.7 Per Barrel

The official price of Omani crude oil, for delivery in November, today reached USD 71.92, up by USD 1.07 compared to yesterday’s price (Wednesday) which was USD 70.85.

The monthly average price of Omani crude oil for delivery in September reached USD…

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Kuwait Bourse Closes Thursday Trading Higher

Kuwait Stock Exchange closed its trading today as the All Share Index gained 11.55 points to reach 7,158.56 points, an increase of 0.16 percent.

An enormous 273.3 million shares worth KWD 51.8 million (roughly USD 157.9 million) were traded via 16,26…

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UAE banks’ capital, reserves hit AED495.2 billion

ABU DHABI: The total capital and reserves of banks operating in the UAE reached AED 495.2 billion at the end of June 2024, a year-on-year (YoY) increase of 10.6 percent compared to AED 447.8 billion in June 2023, according to the latest statistics of …

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