Saudi bourse rebounds; Aramco’s profit soars 82pc in Q1 DUBAI: Saudi Arabia’s stock market rebounded on Sunday, after a sharp decline in the previous session, while the... Published 16 May, 2022 05:42am
World Saudi Arabia posts $15.3 billion budget surplus in Q1 as oil prices surge Saudi Arabia posted a budget surplus of 57.49 billion riyal ($15.33 billion) in the first three months of 2022, the... Updated 15 May, 2022 10:45pm
Pakistan Govt rules out increasing fuel prices for the time being: Miftah Ismail Addressing a press conference on Sunday, finance minister says he will talk to the IMF over the fuel-subsidy issue Updated 15 May, 2022 06:07pm
Markets OPEC authorises Iraq to increase output to 4.5mn bpd from June Iraq's representative at OPEC said the organisation had agreed to the country increasing its output to 4.5 million... Published 14 May, 2022 07:35pm
Markets Oil jumps 3pc as US gasoline prices hit record NEW YORK: Oil prices rose about 3% on Friday as US gasoline prices jumped to an all-time high and on fears supplies... Published 14 May, 2022 04:05am
BR Research OGDCL – profits gushing High oil prices along with currency depreciation have been key factors of growth in the revenues of oil and gas... Published 13 May, 2022 06:29am
Markets Saudi Aramco becomes world’s most valuable company SAN FRANCISCO: Saudi Aramco on Wednesday dethroned Apple as the world’s most valuable company as surging oil ... Published 13 May, 2022 05:59am
Markets Oil rises as supply concerns outweigh reduced demand, recession risks NEW YORK: Oil prices rose on Thursday, reversing earlier losses, as supply concerns and geopolitical tension in... Published 13 May, 2022 05:59am
Markets Japan rubber futures slump SINGAPORE: Japanese rubber futures slid to an eight-week low on Thursday, weighed down by a weaker Nikkei, while... Published 13 May, 2022 05:59am
Markets Palm falls over 2pc as concerns over China demand weigh KUALA LUMPUR: Malaysian palm oil futures closed lower on Thursday, as traders awaited clarity on Indonesia’s ... Published 13 May, 2022 05:59am
Markets Indian shares hit two month-low BENGALURU: Indian shares on Wednesday fell to their lowest in two months, extending losses for a fourth straight... Published 12 May, 2022 05:40am
Markets Oil up as Russia gas flow to Europe falls, EU Russian oil ban looms NEW YORK: Oil prices jumped almost 5% on Wednesday after plunging nearly 10% in the previous two sessions, buoyed by... Published 12 May, 2022 05:40am
Markets Oil jumps as Russia gas flow to Europe falls, EU Russian oil ban looms LONDON: Oil jumped almost 5% on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply... Updated 11 May, 2022 08:18pm
Markets China oil imports rebound in April SINGAPORE: China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in... Published 11 May, 2022 04:58am
Markets Most Gulf bourses in red in line with global shares DUBAI: Most stock markets in the Gulf ended lower on Monday, in line with global shares as worries about higher... Published 10 May, 2022 05:10am
Markets Oil prices tumble over 5pc, weighed down by China lockdowns NEW YORK: Oil prices sank over 5% on Monday alongside equities, as continued coronavirus lockdowns in China, the top... Published 10 May, 2022 05:10am
World Oman budget swings into surplus on oil price rise Oman’s budget recorded a surplus of 357 million rials ($929.7 million) by the end of the first quarter, boosted by a... Published 09 May, 2022 06:05pm
World Sri Lanka runs low on gas as supporters rally for embattled PM COLOMBO: Sri Lankan energy companies said on Monday they were running low on stocks of liquid petroleum gas mainly... Published 09 May, 2022 12:44pm
Markets KSE-100 suffers its biggest fall this year as panic grips PSX Benchmark index ends 3.23% lower, its biggest single-day drop in terms of percentage in 2022 Updated 09 May, 2022 07:45pm
Markets Saudi, Egypt gain as markets reopen after Eid holiday; Qatar slips DUBAI: Saudi Arabia’s stock market rose on Sunday as it reopened after a week of public holidays to celebrate Eid... Published 09 May, 2022 05:39am
Markets Saudi, Egypt gain as markets reopen after Eid holiday; Qatar slips Saudi Arabia's stock market rose on Sunday as it reopened after a week of public holidays to celebrate Eid and was... Updated 08 May, 2022 09:35pm
World Saudi Arabia lowers Arab Light oil price to Asia, Europe in June Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June, according... Published 08 May, 2022 05:48pm
Markets Oil rises 2pc, set for another weekly rise on supply concerns HOUSTON: Oil prices climbed more than 2% on Friday and were set to rise for a second consecutive week, shrugging off... Published 07 May, 2022 07:09am
Markets U.S. fuel prices surge faster than crude as exports tighten market NEW YORK: U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has... Published 06 May, 2022 11:27am
Markets Oil rises 2%, set for another weekly rise on supply concerns HOUSTON: Oil prices climbed more than 2% on Friday and were set to rise for a second consecutive week, shrugging off... Updated 06 May, 2022 09:07pm
Markets Oil steadies near $110/bbl; strong dollar offsets supply worry NEW YORK: Oil prices steadied on Thursday, under pressure from a stronger dollar and a drop in global stock markets... Published 06 May, 2022 05:03am
Markets Oil edges up on supply jitters as EU plans Russian oil ban NEW YORK: Oil prices were flat to a little higher on Thursday as a stronger US dollar offset supply concerns after... Updated 05 May, 2022 09:33pm
Markets Nasdaq, S&P 500 slide ahead of Fed decision The S&P 500 and the Nasdaq slipped on Wednesday as growth stocks lost ground, while banks gained ahead of a... Published 04 May, 2022 09:16pm
Markets Canadian dollar edges up as exports notch record high TORONTO: The Canadian dollar rose against its U.S. counterpart on Wednesday as oil prices rose and domestic data... Published 04 May, 2022 07:38pm
Markets Oil jumps 4% as EU proposes ban on Russian oil LONDON: Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to... Updated 04 May, 2022 08:07pm