Category: Industry

Oil prices rise amid fears of widening Middle East conflict

Oil prices rose on Tuesday amid concerns about the expansion of the conflict in the Middle East and the possibility of a tropical storm later this week affecting production in the United States, the world’s largest crude producer.

Brent crude future…

CBB 12 Month Treasury Bills oversubscribed by 108%

Manama, This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 108%.

The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.

The issue date of the bills is July 18, a…

Gold prices fall to $2,409.54 per ounce

Tokyo, Gold prices declined on Monday as the dollar strengthened, with investors awaiting comments from Federal Reserve officials and economic data for further clues on US interest rates.

Spot gold fell 0.1% to $2,409.54 per ounce. US gold futures dr…