Oil Prices Close Lower at Settlement

New York, October 07 (QNA) - Oil prices fell at settlement today following a volatile session, after the International Energy Agency agreed to accelerate the release of oil stocks (prioritizing diesel) when the war in the Middle East is tightening global supplies.

US Oil Inventories Fall 3.2 Million

New York, October 07 (QNA) - The US Energy Information Administration (EIA) announced that oil and distillate inventories in the United States declined, while gasoline stocks increased over the past week.

Iraq Announces 217 Trillion Dinar Budget

Baghdad, October 07 (QNA) - The Iraqi Parliament's Finance Committee announced that the 2027 general budget is estimated at around IQD 217 trillion (approximately USD 165.6 billion), with the deficit projected at around IQD 50 trillion.

IMF Managing Director Warns of Risks Imperiling Global Economy

Singapore, October 07 (QNA) - International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned Wednesday that the global economy is grappling with threats, including a persistent spike in energy prices, record public debt and risks from the AI investment boom, urging governments to enforce protective fiscal and monetary policy measures.

IEA Says Members to Accelerate Release of 100 Million Barrels

Paris, October 07 (QNA) - The International Energy Agency (IEA) confirmed that member states supported accelerating the release of approximately 100 million barrels from oil reserves, a move previously pledged last March to supply the markets.

Qatar Chamber, WSIF Sign Agreement to Enhance Cooperation

Doha, October 07 (QNA) - Qatar Chamber and the Workers' Support and Insurance Fund (WSIF) signed Wednesday a document outlining executive mechanisms and cooperation procedures between the two entities.

Dukhan Bank Profits Rise 0.1%

Doha, October 07 (QNA) - Dukhan Bank net profit rose by 0.1 percent during the first nine months of 2026, reaching QR 1.192 billion, compared to QR 1.191 billion during the same period of 2025.

CRA Highlights Key Outcomes of ICT Competition Framework Review and Update

Doha, October 07 (QNA) - The Communications Regulatory Authority (CRA) hosted a workshop to highlight the key developments and outcomes achieved under the current 2024-2026 cycle of the Information and Communication Technology (ICT) Competition Framework Review and Update, launched by CRA in October 2024.

SMEs Play Crucial Role in Advancing GCC Nations' National Visions, Secretary-General Says

Manama, October 07 (QNA) - Secretary-General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, said that small and medium-sized enterprises (SMEs) play a pivotal role in achieving the national visions of GCC member states and advancing joint Gulf action.

Ashghal Reawards Delayed Infrastructure Projects to New Contractors

Doha, October 07 (QNA) - The Public Works Authority 'Ashghal' announced the re-awarding of delayed infrastructure projects, with the remaining eight projects re-awarded to new contractors, in preparation for the resumption of work.

OFN Signs Dark Fibre Agreement with iQ Networks to Advance Iraq Transit Corridor FIG Landing Partnership with ITPC

Doha, October 07 (QNA) - OFN, Ooredoo Group's international connectivity arm, and iQ Networks, a leading Iraqi fibre-optic infrastructure provider, have signed an agreement to purchase multiple dark fibre pairs for transit connectivity across Iraq.

Qatar Chamber, Iraq Chamber Federation Sign MoU to Establish Joint Business Council

Doha, October 07 (QNA) - The Qatar Chamber (QC) and the Federation of Iraqi Chambers of Commerce (FCCI) signed a Memorandum of Understanding (MoU) to establish the Qatar-Iraq Joint Business Council.