BUSINESS NEWS
Bahrain All Share Index closes higher
Manama, Bahrain All Share Index has closed at 2,022.31 points, marking an increase of 1.41 points above the previous closing.
This increase was due to the rise in the communication services sector and the financial sector.
Bahrain Islamic Index clos…
Gold extends record rally amid speculative buying
Singapore, Gold prices extended their record rally on Monday, steered by speculative buying and persistent tensions in the Middle East, which overshadowed strong U.S. payrolls number last week.
Spot gold was up 0.3% at $2,335.73 per ounce, as of 0646…
Completion of drilling a new well in the Bay Hassan oil field, west of Kirkuk
The Ministry of Oil announced, today, Monday, the completion of drilling a new oil well with a depth of 1,810 meters in the Bay Hassan oil field, west of Kirkuk Governorate.
It said in a statement, ‘The staff of the Iraqi
Electricity Ministry signs with the French company Total two contracts to produce 1,000 megawatts of solar energy in Basra
The Ministry of Electricity and the French company Total signed two contracts today, Monday, to produce 1,000 megawatts of solar energy in Basra.
A statement by the Ministry said, ‘Minister of Electricity Ziad Ali Fadel sponsored the signing of two i…
Al-Awadi announces a decrease in external debt to about $9 billion during the current year
Government Spokesman Bassem Al-Awadi announced, today, Monday, that the external debt has decreased to about 9 billion dollars during the current year.
Al-Awadi said in a statement: ‘As an emphasis from the government on transparency in economic work…
A slight increase in dollar exchange rates in Baghdad, Basra and Erbil
The exchange rates of the dollar against the dinar increased slightly on Monday morning in Baghdad, Basra and Erbil.
Below is a list of dollar selling prices:
$100 = 148.00 dinars in Baghdad
$100 = 148,000 dinars in Basra
$100 = 147,700 dinars in
Oil prices decline with the decline in geopolitical tensions in the Middle East
Oil prices fell in early Asian trading, today, Monday, with tension easing in the Middle East, after Israel withdrew more of its soldiers from the southern Gaza Strip and pledged to hold new talks on a possible ceasefire in the