Paris: The International Energy Agency (IEA) has lowered its forecast for global oil demand in 2026, expecting consumption to decline by 2.5 million barrels per day, compared with a decrease of 1.6 million barrels per day projected in its August estim…

Muscat: The official price of Oman crude oil for November delivery increased on Friday by USD 2.59, reaching USD 121.89 per barrel. This was a rise from Thursday’s price of USD 119.30 per barrel.

According to Qatar News Agency, the monthly average p…

Iraq: Iraq and Turkiye have finalized the draft of a major framework agreement to develop transport and infrastructure, completing four days of legal, financial, and technical talks in Baghdad between key ministries and central banking officials. Buil…

France: France is facing mounting economic and financial pressures as growth prospects weaken and borrowing costs rise, while the government confronts the need to take difficult measures to reduce the budget deficit and secure financial resources. Fre…

London: Official data released on Friday showed the UK economy grew by 1.6 percent year-on-year in July, marking its fastest pace in 18 months and beating expectations of 1.2 percent, driven in part by strong activity in artificial intelligence and re…

New york: Major indexes on Wall Street opened higher on Friday as the S and P 500 rose by 45.1 points, or 0.59 percent, reaching 7,636.75 points. The Nasdaq Composite advanced by 207.7 points, or 0.80 percent, to reach 26,289.414 points, while the Dow…