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August 6, 2026

Kuwait Oil Price Drops by $3.88 to $74.33 per Barrel

Kuwait city: The price of Kuwaiti crude oil experienced a decline of USD 3.88, reaching USD 74.33 per barrel in Wednesday’s trading. This marks a decrease from the previous session’s price of USD 78.21 per barrel, as reported by the Kuwait Petroleum C…

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QAMCO’s Half-Year Net Profit Declines 35.9 Percent

Doha: Qatar Aluminum Manufacturing Company (QAMCO), a public shareholding company in Qatar, reported a significant decline in its net profit for the first half of 2026. The company recorded a net profit of QR 219.18 million, marking a 35.9 percent dec…

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Gold Reaches a 7-Week High of $4,254

Doha: Gold prices rose on Thursday for the fourth consecutive session, touching their highest level in seven weeks, supported by a weaker US dollar as traders assessed the likelihood of the Strait of Hormuz reopening. Spot gold gained 0.2% to $4,254.9…

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