Politics

Yemen leadership chief meets UK, UAE envoys

Yemen’s Presidential Leadership Council (PLC) Chairman Rashad Al-Alimi discussed Thursday with British and Yemeni Amassers Abda Sharif and Mohammed Al-Zaabi respectively relations, regional happenings and means of coordination on all levels.

While re…

Politics

US forces claim destroying more Houthi drones, USVs

The US Central Command (USCENTCOM) said Thursday its forces successfully destroyed five Iranian-backed Houthi un-crewed surface vessels (USV) in the Red Sea in the past 24 hours. USCENTCOM forces also successfully destroyed two Houthi un-crewed aerial…

Market

Oil Rises on Cooling US Inflation

Oil prices went up on Friday amid signs of easing inflationary pressures in the United States, though the contracts were headed for a weekly decline.

Brent crude futures rose 33 cents, or 0.4%, to $85.73 a barrel. US West Texas Intermediate crude fut…

Market

Kuwaiti Oil Price Rises to $87.39 a Barrel

The price of Kuwaiti oil went up by $0.88 to $87.39 a barrel on Thursday as opposed to $86.51 a barrel last Wednesday, Kuwait Petroleum Corporation (KPC) said today.

In the global markets, Brent crude futures rose $0.32 to reach $85.4 a barrel, while…

Market

Gold Prices Decline, but Set for Weekly Gains

Gold prices declined on Friday, but are poised to record gains for the 3rd consecutive week, amid hopes that the US Federal Reserve will cut interest rates in September.

Spot gold slipped 0.2% at $2,409.19 per ounce after rising 2% on Thursday. US go…