Business

Business

Bahrain All Share Index marks 1,975.11 points

Manama, Bahrain All Share Index has closed at 1,975.11 points, marking a decrease of 3.15 points below the previous closing.

This decrease was due to the drop in the financial and industrial sectors.

Bahrain Islamic Index closed at 823.30 points, ma…

Business

Iraq and the German Development Bank (KFW) sign an amendment to the agreement to finance loans for a number of development projects

The Ministry of Finance signed today, Thursday, an amendment to the agreement to extend financing loans granted by the German Development Bank (KFW) for a number of development projects, where the amendment was signed between the Minister of Finance, …

Business

The Minister of Oil inaugurates the first phase of the associated water injection project with a capacity of 300 thousand barrels per day in the northern Rumaila field

Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani inaugurated this afternoon, Thursday, the first phase of the associated water injection project with a capacity of 300 thousand barrels per day in the northern Rumaila fiel…

Business

The Prime Minister receives the approval of the Coalition of companies that won the investment opportunity for the Baghdad Metro

Prime Minister Mohammed Shia Al-Sudani received the approval of the coalition of companies that won the investment opportunity for the Baghdad Metro.

A statement from his media office said that Prime Minister Mohammed Shia Al-Sudani chaired a meeting…

Business

Trade Minister discusses with the Turkish Ambassador the expansion and balance of the volume of trade exchanges

The Minister of Trade, Atheer Dawood Al-Ghurairi, discussed with the new Turkish Ambassador to Iraq, Anil Bora Annan, the prospects for economic, trade and investment cooperation, and expanding and balancing the volume of trade exchanges between the t…

Business

The President of the Republic receives the Iraqi player who carried the Olympic torch in Paris

The President of the Republic, Abdul Latif Jamal Rashid, received today, Thursday, at the headquarters of the Iraqi embassy in Paris, the Iraqi athlete who carried the Olympic torch at the Paris Olympics, Shilan Shamal, and her family.

The Presidency…

Business

Gold Prices Fall 1% as Investors Booked Profits ahead of US Economic Data

Gold prices fell more than 1% today as investors booked profits ahead of US economic data that could offer more cues on when the central bank will cut interest rates this year (2024) and by how much.

Spot gold fell 0.9 % to $ 2377.29 per ounce. US go…

Business

Oil Falls on Weak China Demand Concerns

Oil prices eased today due to concerns over weak demand in China, the world’s largest crude importer.

Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel.

US West Texas Intermediate crude slid 33 cents, or 0.4%, to $77.26 pe…