The total demand for gold was 915 tonnes in the second quarter of the year, a fall of 12 per cent compared to the same period last year, due mainly to a decline in demand from consumers in India and China, according to a report.
Qatar's bourse fell sharply on Thursday, driven by news of criminal investigations against Fifa soccer officials as well as by profit-taking after an upgrade of some stocks by index compiler MSCI. Most other Gulf markets were also soft.
Brent crude oil steadied below $83 a barrel on Friday, consolidating after several months of sharp falls as the dollar hit a four-year high ahead of US jobs figures.
US non-farm payrolls data were due at 8:30 am EST (1330 GMT) on
Gold slipped on Wednesday after two days of gains as weak China trade data raised fears of an economic slowdown in the world's second-biggest consumer of the metal.
China has been a big support for gold pric
Gold fell from record highs on Tuesday after Switzerland's decision to peg its currency to the euro shook financial markets and sparked a broad flight to liquidity, but the metal is set for fresh gains as the franc's safe-haven status wane
Oil dropped by $2 to $113 a barrel on Friday to trade near the lowest since early May, pressured by faltering global demand and rising supply.
Crude has fallen sharply since reaching an all-time high of $147.27 a barrel on July 11 partly o
Shuaa Capital, the Dubai-based investment bank that helped arrange last year's $5 billion DP World IPO, said fiscal fourth-quarter net profit fell by almost half to Dh58.9 million ($16.04 million), including minority interests.
The Bahrain Kuwait Insurance Company (BKIC) achieved a net profit of BD1,723,835 ($4.5 million) in the first quarter of this year against BD1,750,984 ($4.64 million)for the same period last year.
This 1.5 per cent decrease was due to the
Euro zone money supply growth, a leading indicator of inflation, slowed sharply last month, provisional data from the European Central Bank have showed.
Growth of the ECB's broad M3 measure fell back to 10.3 per cent from 11.3 per cent the
Kuwait's Agility, the Gulf's biggest logistics provider, posted an eight per cent fall in fourth-quarter profit, according to Reuters calculations based on a report.
Kuwaiti newspapers also said that Agility, which has been diversifying it