Libya News

Jeddah, The Jeddah Chamber is set to organize the Jeddah International Building Exhibition (Jibex) 2024 at the Jeddah Center for Exhibitions and Events from May 7 to 9.

Jibex 2024 will see the participation of over 300 exhibitors from Saudi Arabia and abroad.

Jibex stands as the premier exhibition specialized in construction and decoration in the western region of Saudi Arabia.

It serves as a platform that brings together solution providers, industry professionals, and suppliers to showcase innovative solutions in the construction sector.

The exhibition provides a regional platform for local and international companies to capitalize on the vast opportunities in the Saudi construction sector.

Source: Saudi Press Agency

Doha: Qatar Stock Exchange (QSE) general index closed at 9,665.88 points on Wednesday, 45.14 points (0.46 percent) down from its previous closing.

A trading volume of 172,240,696 shares was registered in 17,214 transactions in all sectors, with a total trading value of QR 587,334,385.714.

The prices of 18 companies rose and those of 29 declined, while one company maintained its previous closing price.

The market capitalization closed at QR 562,433,565,172.130 compared to QR 564,404,559,525.720 in the previous session.

Source: Qatar News Agency

Doha: The general index of Qatar Stock Exchange (QSE) rose 17.65 points, or 0.18%, at the beginning of trading on Wednesday, reaching the level of 9,728.97 points, compared to yesterday’s closing.

The general index was supported by a rise in five sectors: Banks and Financial Services by 0.36%; Real Estate by 0.35%; Industrials by 0.32%; Telecoms by 0.10%; and Insurance by 0.02%. On the other hand, QSE index saw a decline in Consumer Goods and Services by 0.18%; and Transportation by 0.63%.

At 10:00 am, 33.210 million shares were traded in 2,614 transactions valued QR 91.520 million.

Source: Qatar News Agency

Kuwait crude oil went up by $1.95 during Tuesday’s trading to reach $89.12 per barrel compared with $87.17 pb the day before, Kuwait Petroleum Corporation (KPC) said Wednesday.

Benchmark Brent futures increased by $1.42 to $88.42 pb, and West Texas Intermediate climbed by $1.46 to $83.36 pb.

Source: Qatar News Agency

Doha: Old Doha Port has announced a strategic partnership with a number of marinas in Qatar, with the aim of enhancing cooperation to provide comprehensive solutions and exclusive services to boat and yacht owners.

The most prominent marinas included in the partnership, which is the first of its kind in the field of marine tourism, are Ronautica Middle East Marina (operator of the Pearl Island Marina), Banana Island Resort in Doha, Aura Group (Beef Bar Marina), and Resorts and Leisure Facilities Company’s marinas (Corinthia Yacht Club in Porto Arabia).

In a statement today, Executive Director of the Old Doha Port, Mohammed Abdullah Al Mulla, expressed happiness with the partnership which, he stressed, represents a pivotal step towards unifying the strengths and diversifying the experiences available to boat and yacht owners, pointing out the possibility of benefiting from the unique offers available in each marina.

Old Doha Port seeks to enhance the experience of participants in this event, to develop and
support the goal of making the State of Qatar a global specialized destination in the field of yachting.

He stressed the importance of this initiative, led by the Old Doha Port, to advance the culture of the maritime sector in Qatar and set new standards for luxury and excellence in service provision by pooling resources and unifying common goals.

Source: Qatar News Agency

Gold prices dropped in Asian trade on Wednesday as investors awaited important US economic data that could provide further insight into the timing of interest rate decreases.

Spot gold was down 0.1% at $2,320.19 per ounce, after closing the previous session at its lowest level since April 5.

The ounce of US gold futures was down 0.4% at $2,333.80.

On April 12, gold reached an all-time high of $2,431.29 thanks to a surge that began in March and continued into April.

Spot silver decreased by 0.2% to $27.24 per ounce, palladium decreased by 0.1% to $1,018.50, while platinum increased by 0.3% to $910.15.

Source: Qatar News Agency