Basra Oil Company explains the causes of the fire at the second gas compression station


Basra Oil Company announced that firefighting teams extinguished a fire that broke out at the second gas compression station belonging to the Southern Gas Company without losses.

The Assistant Director General of Basra Oil Company for Licensing Rounds Affairs, “Hassan Muhammad Hassan, explained that the fire that broke out in the mobile generator at the second gas compression station was controlled and the fire was extinguished without losses.

He added: Basra Oil Company was affected by the national electricity outage due to the fire, which was directly compensated for by operating private generators.

Hassan confirmed that production operations have resumed normally from the northern Rumaila isolation station and production will not be affected.

Source:National Iraqi News Agency

Saudi Exchange closes in green Sunday


RIYADH: The Saudi Exchange (Tadawul) closed today up 231.04 points to settle at 11,729.97, with trading worth SAR5 billion.

A total of 205 million shares were traded, with 79 companies’ stocks rising in value and 151 shares closing down.

The Saudi Parallel Market Index (Nomu) closed up 71.63 points to settle at 26,825.62, with trading worth SAR22 million over one million shares.

Source: Emirates News Agency

Iraq’s oil exports to US declined last week


Baghdad: Iraq’s oil exports to the United States declined during the past week.

The US Energy Information Administration (EIA) stated in a report, ‘The average US imports of crude oil during the past week from 8 major countries amounted to 6,028 million barrels per day, down by 21 thousand barrels per day from the previous week, which amounted to 6,120 million barrels per day.’

It added, “Iraq’s oil exports to America amounted to 164,000 barrels per day last week, down by 64,000 barrels per day from the previous week, which amounted to 228,000 barrels per day.”

It continued, “Most of America’s oil imports during the past week came from Canada, followed by Mexico, then Saudi Arabia and Colombia, while American imports of crude oil continued, from Brazil, Ecuador and Nigeria, and no quantity was imported from Libya.

Source:National Iraqi News Agency

Egyptian bourse closes in green Sunday


CAIRO: Egyptian equities exhibited a significant upward trend across all major indices at today’s closing bell.

The total market capitalisation of listed companies increased by approximately EGP44 billion, reaching EGP1.837 trillion. This upswing coincided with robust trading activity, with total market volume reaching roughly EGP8.5 billion.

The benchmark EGX 30 index experienced a gain of 2.44%, closing at 27,062.37 points.

Similarly, the EGX 70 EWI, which tracks the performance of small and mid-sized companies, rose by 2.93% to reach 6,103.3 points.

The EGX 100 EWI, which offers exposure to a diversified basket of stocks, also demonstrated positive momentum, advancing by 2.98% to close at 8,810.84 points.

Source: Emirates News Agency

Bahrain Bourse closes down Sunday


MANAMA: The Bahrain Bourse index closed today at 2,039.95 points, down 1.76 points from its trading close. The decline was attributed to a drop in the luxury consumer goods and financial sectors.

According to Bahrain News Agency (BNA), the Bahrain Islamic Index also closed down at 826.02 points, a decrease of 2.93 points from its previous close.

A total of 1,891,435 shares were traded today, worth a total value of BHD 484,240. These transactions were executed through 79 deals.

Investor trading activity focused on shares in the financial sector, with the value of its traded shares accounting for 61.70% of the total value of securities.

Source: Emirates News Agency