Canada to Impose Retaliatory Tariffs on US After Trade Talks Fail

Ottawa, August 22 (QNA) - Canadian Prime Minister Mark Carney announced Saturday that Canada will impose retaliatory tariffs on the US after new 50% US tariffs on a number of Canadian products came into effect, following the failure of the two countries to reach a deal.

Turkiye's Exports to Africa Surge to $13.3B in First Seven Months

Ankara, August 22 (QNA) - Turkiye's exports to African countries rose 12.6% year-on-year in the first seven months of the year, reaching $13.3 billion.

Oman's Inflation Hits 3.2% in July

Muscat, August 22 (QNA) - Oman's inflation rate stood at 3.2% in July, compared with the same month last year, while average inflation stood at 2.9% from January through July this year.

QNB: China's Electric Vehicle Exports Accelerate as Industry Moves Toward Consolidation

Doha, August 22 (QNA) - China's electric vehicle export boom is highlighting both the success of its industrial strategy and the growing strains of an industry that is increasingly outgrowing its domestic market, Qatar National Bank (QNB) said in its weekly economic commentary.

Kuwaiti Crude Rises $3.45 to $93.71 a Barrel

Kuwait, August 22 (QNA) - The price of Kuwaiti crude rose $3.45 to $93.71 a barrel in Friday's trading, compared with $90.26 in the previous session, according to the Kuwait Petroleum Corporation (KPC).

US, Canada Fail to Reach Trade Deal, Face Fresh Tariffs

Washington/Ottawa, August 22 (QNA) - The United States and Canada have failed to reach a trade agreement, deepening tensions between the two allies and paving the way for a fresh round of tariffs on Canadian imports.

World Bank Forecasts 6.4 Percent Contraction in Lebanese Economy in 2026

Washington, August 21 (QNA) - The World Bank expects Lebanon's economy to contract by 6.4 percent in 2026, saying the latest war launched by Israel against the country has dealt a setback to efforts to revive the economy.

Gold Price Hits 3 Months High

New York, August 21 (QNA) - Gold prices rose to their highest level in over three months in Friday's trading, on track for their third consecutive weekly gain, as the US Treasury's bond-buying support plan negatively impacted the dollar.

Saudi Arabia, Iraq Discuss Energy Security, Supply Stability

Riyadh, August 21 (QNA) - Saudi Minister of Energy and of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz and Minister of Finance Mohammed bin Abdullah Al Jadaan met on Friday with Iraq's Finance Minister Falih Abdul Hassan Al Hadri and Oil Minister Basim Mohammed Khudair Al Abadi to discuss efforts to strengthen energy security and ensure the stability of energy supplies.

Iraq to Lift Oil Production to 10 Million Barrels a Day

Baghdad, August 21 (QNA) - Iraqi Prime Minister Ali Faleh Al Zaidi affirmed today that his country plans to increase oil production to between 8 million and 10 million barrels per day within six years.

Oman Oil Price Rises to USD 99.61 per Barrel

Muscat, August 21 (QNA) - The official price of Oman crude oil for October delivery increased on Friday by USD 4.7 to USD 99.61 per barrel, compared to Thursday's price of USD 94.91.

Kuwait Oil Price Rises to USD 90.26 per Barrel

Kuwait, August 21 (QNA) - The price of Kuwaiti crude oil rose by USD 1.85 to USD 90.26 per barrel (pb) in Thursday's trading, compared to USD 88.41 pb in the previous session, according to figures released by the Kuwait Petroleum Corporation.