Qatar

Investors waited for more details about U.S. president Donald Trump's plans to impose reciprocal tariffs, and were concerned that global trade tensions could escalate. Trump re-invigorated his tariff threats on Friday, warning that auto levies may kick in as early as April 2. Trump also instructed commerce and economic officials in the U.S. to investigate reciprocal tariffs against countries that impose tariffs on U.S. products, with an April 1 deadline for recommendations. Saudi Arabia's benchmark stock index fell 0.5%. The biggest lender, Saudi National Bank, saw a 0.7% drop and ACWA Power dropped 1.2%. Saudi Aramco Base Oil Company also...

ExxonMobil and Qatar Energy on Friday started exploratory drilling for natural gas in a. possibility west of Cyprus, Cyprus President Nikos Christodoulides. stated on X. The east Mediterranean has actually yielded some major gas. discoveries in the last few years, and an interruption in energy products. from Russia after its 2022 intrusion of Ukraine has actually honed. Europe's attention on protecting alternative sources of supply. Cyprus progresses expedition activities, aiming to be an. alternative and trustworthy source of natural gas for the EU,. Christodoulides wrote in his post. He stated drilling at the prospect, called Electra, got. underway on Friday...

Syrian Foreign Minister Asaad Hassan alShibani stated on Wednesday that the country will open its economy to foreign financial investment and that Damascus is also dealing with energy and electrical power collaborations with Gulf states. Syria's economic resources are diverse and we have a great deal of sectors - industry, tourist ... of course the economy in the future will be open and will open the road for foreign investment, he said at the World Economic Online forum meeting in Davos, Switzerland. Shibani paid different check outs to Saudi Arabia, the United Arab Emirates and Qatar in early January, during...

QatarEnergy sharply cut the term cost for alShaheen petroleum loading in January, trade sources said on Friday, in line with a current fall in Middle East area premiums. The January term rate was up to 73 cents a barrel above Dubai quotes, the sources stated, down for a second straight month and at a multi-month low. The sources decreased to be named as they are not authorised to consult with the media. The term cost for December freights was at a premium of $ 1.93 a barrel. For its January tender, QatarEnergy offered 5 cargoes at premiums between 40 and...

Most stock markets in the Gulf increased in early trade on Thursday in line with Asian shares as financiers mulled the ramifications of a Donald Trump presidency. Trump was elected president, topping a remarkable comeback 4 years after he was voted out of the White Home and ushering in a brand-new American leadership likely to evaluate democratic organizations at home and relations abroad. Saudi Arabia's benchmark index got 0.4%, with Al . Rajhi Bank rising 1.5%, while oil huge Saudi Aramco. innovative 1.8%. In Other Places, Al Moammar Details Systems Co. advanced 2.7%, a day after the firm signed a...

Major stock exchange in the Gulf were mixed in early trade on Tuesday on weakening oil even as stress intensified in the area and as financiers braced for thirdquarter incomes. Saudi Arabia's benchmark index dropped 0.1%, struck by a 0.9% fall in ACWA Power and a 0.6% fall in the nation's most significant loan provider, Saudi National Bank. Somewhere else, oil giant Saudi Aramco relieved 0.4%. Oil costs - a catalyst for the Gulf's financial markets - slid as much as $3 to a near two-week low throughout Asian trade on the back of a weaker demand outlook and after...

Most stock exchange in the Gulf were subdued in early trade on Wednesday with dispute in the Middle East the most pressing concern, although the Qatari index was buoyed by Qatar National Bank. An escalation of fighting in Lebanon and the ongoing one-year-old war in between Israel and Hamas in Gaza has actually raised fears of a wider Middle East conflict. The decline in Gulf markets started after Iran launched a. missile barrage on Israel on Oct. 1. Israel has actually sworn to. strike back and is weighing its alternatives, with Iran's oil. centers considered a possible target. Saudi Arabia's...

The majority of significant stock markets in the Gulf climbed in early trade on Thursday, in line with Asian shares, supported by news of aggressive financial stimulus from China, although geopolitical stress in the area restricted the benefit. China's central bank on Tuesday unveiled its biggest stimulus considering that the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target. Driving the optimism was a main readout from a meeting of China's politburo that said the country would deploy necessary fiscal costs to fulfill this year's economic development target of roughly 5%. Saudi...

South African petrochemicals company Sasol and state power utility Eskom stated on Friday they had actually consented to jointly explore ways the country could use melted gas (LNG). As the nation's two most significant users of coal, Sasol and Eskom are significant polluters therefore are main to the nation's. efforts to transition to cleaner energy sources. Eskom is wanting to build on a current enhancement in its. plant performance, after years of imposing power cuts. The cooperation intends to identify the possible volumes. that South Africa requires to develop a viable LNG import. market in addition to the making it...

Major stock markets in the Gulf increased in early Thursday trade after a lot of reserve banks in the region cut their essential interest rates following a larger than typical policy easing by the U.S. Federal Reserve. The Fed cut its benchmark rate by 50 basis points (bps) on Wednesday, with policymakers seeing another half a portion point fall by the end of this year. Saudi Arabia's benchmark index acquired 0.4%, with Al . Rajhi Bank rising 1.1%. The kingdom, the area's greatest economy, cut its. redeemed arrangement (Repo) rate and reverse repo rate by 50 bps. each to 5.5%...

Russia on Sunday rejected a report that Ukraine's attack on the Kursk region had actually derailed indirect talks with Kyiv on halting strikes on energy and power targets, stating there had been no talks with Kyiv about civilian infrastructure facilities. The Washington Post reported on Saturday that Ukraine and Russia were set to send delegations to Qatar this month to negotiate a landmark arrangement halting strikes on energy and power facilities on both warring sides . The Post said the agreement would have amounted to a. partial ceasefire however that the talks were hindered due to Ukraine's attack on Russian...

Significant stock exchange in the Gulf were mixed in early trade on Tuesday ahead of a multitude of information being released this week, including U.S. inflation, that will help hone views on the Federal Reserve's next moves and on oil need concerns. Markets are evenly split between a cut of 25 bps and 50 bps at the next conference in September. Traders are pricing in an overall of 100 bps of cuts this year. U.S. producer price data for July, due later in the day, might feed through to the core personal consumption (PCE). procedure favoured by the Fed. Monetary...

The de facto ceasefire that had been agreed between Congolese and Rwandan rebels in Walikale, a town located in eastern Congo, appeared to have collapsed on Monday. The rebels reneged on their promise to withdraw from the area and accused the army of breaking its own promises. The M23 rebels are hopeful about a possible ceasefire in Walikale. Captured last week The hope that diplomatic efforts would be revived to end the largest conflict in eastern Democratic Republic of Congo for decades was briefly sparked. This conflict is rooted in the long-lasting fallout of the 1994 Rwandan genocide and the...

The majority of major stock exchange in the Gulf increased in early trade on Thursday, buoyed by wish for a potential ceasefire offer in between Israel and Hezbollah. Lebanon's prime minister revealed hope on Wednesday that a. ceasefire handle Israel would be announced within days as. Israel's public broadcaster published what it said was a draft. arrangement offering a preliminary 60-day truce. The push for a ceasefire for Lebanon is taking place. alongside a similar diplomatic drive to end hostilities in Gaza. Saudi Arabia's benchmark stock index acquired 0.2%,. with ACWA Power Company advancing 3.9% and aluminium. products maker Al...

Major stock exchange in the Gulf increased in early trade on Monday amid expectations of a U.S. interest rate cut this week, with the Saudi index on course to acquire for a. 3rd session. The Fed's two-day financial policy meeting beginning on. Tuesday will take centre stage for the week. Expectations are. for the reserve bank to kick-start a relieving cycle, providing. space for local central banks to think about cutting rates. Markets are pricing in a 59% opportunity of a 50 basis points. ( bps) cut, with a 41% possibility of a 25 bps cut, CME FedWatch. tool revealed....

Major stock exchange in the Gulf rose in early trade on Monday as investor belief stayed upbeat on hopes of a September rate cut in the United States. The Federal Reserve is anticipated to begin a rate-cutting cycle at its monetary policy conference on Sept. 17-18. Traders presently see a 67% opportunity of a 25 basis-point (bp). decrease by the U.S central bank this month and a 33% opportunity of. a 50-bp cut, according to the CME FedWatch tool. Financiers await the U.S. ISM production and services. prints, in addition to the JOLTS task openings, ADP private payrolls. and the...

Significant stock markets in the Gulf fell in early trade on Thursday due to increasing geopolitical stress in the region, while financiers await U.S. weekly unemployed claims information to evaluate the health of the labour market. In the Middle East, combating continued in the Gaza Strip between Israel and Hamas militants, without any indications yet of a. concrete development in ceasefire talks in Cairo. More than 40,500 Palestinians have been eliminated in the war,. according to Gaza's health ministry. The congested enclave has. been laid to squander. The majority of its 2.3 million individuals have actually been. displaced numerous times...

Major stock markets in the Gulf dropped in early trading on Monday, tracking losses in international markets, as financiers wagered that the attack on U.S. presidential prospect Donald Trump made his victory more likely. Saturday's shooting at Trump's election rally raises his chances of recovering the White House and banking on his victory will increase, investors stated. Donald Trump was shot in the ear during a campaign rally Saturday after a major security lapse, an attack that will likely reshape this year's presidential race and fuel fears that the campaign might come down into political violence. Saudi Arabia's benchmark index...

Japan's Nippon Steel and Sumitomo Corp said on Friday they have actually won orders from QatarEnergy for highalloy smooth pipes that will be utilized for carbon capture storage (CCS). Nippon Steel has actually recently delivered the first items to Qatar's state-owned energy company which prepares to build a blue. ammonia factory, with the CCS, in Qatar's Mesaieed. region, among the nation's leading industrial zones, the. Japanese steelmaker said in a statement. While traditional ammonia production discharges co2. ( CO2) if it is made with fossil fuel, throughout the production of. blue ammonia any CO2 created is captured and saved. Under...

Investors reacted positively to the Federal Reserve's comments and the ongoing geopolitical tensions as they surveyed the major stock markets of the Gulf in the early trading on Thursday. Saudi Arabia's benchmark stock index rose 0.3% to close out two sessions of losses. The Saudi Arabian Mining Company stock, which had been down for the previous two sessions, gained 4.1% after the bourse introduced single stock option contracts. Allianz Saudi Fransi Cooperative Insurance also rose 0.3% after Abu Dhabi National Insurance Co acquired 51% of the insurer for 133.1 million dollars. Qatar Navigation rose 1.8%, while Industries Qatar increased 0.4%....