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Category: Business

Japans Nikkei Ends at 8-Week Low

Tokyo, Japans Nikkei share average fell nearly 2% on Tuesday to close at an eight-week low as technology stocks tracked the overnight declines on Wall Street.

The Nikkei fell 1.94% to 38,471.20, its lowest close since Feb. 21. The index lost as much …

Gold Rises on Growing Geopolitical Concerns

London, Gold prices rose on Tuesday, not too far away from a record high hit last week, as rising geopolitical tensions propped up demand for the safe-haven metal.

Spot gold was up 0.2% at $2,387.11 per ounce, after hitting an all-time high of $2,431…

QCB Issues Government Bonds, Sukuk Worth of QR 4.65 Billion

Doha: The Qatar Central Bank (QCB) issued Government Bonds and Sukuk for tenors of two, three, five, and seven years worth QR 4.65 billion.

On its website, QCB said on Tuesday that the issuance of the treasury bills came as follows: QR 1.65 billion f…

China’s GDP Grows 5.3% in Q1 of 2024

Beijing, China’s gross domestic product (GDP) grew 5.3% year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed Tuesday.

The country’s GDP reached 29.63 trillion yuan (about $4.17 trillion) during this peri…

Oil Prices Rise

Singapore: Oil prices rose on Tuesday with Brent futures for June delivery rising 46 cents, or 0.5%, to $90.56 a barrel.

US crude futures for May delivery rose 43 cents, or 0.5%, to $85.84 a barrel.

The benchmarks rose on the back of solid economic …

US Dollar Rises to 5-Month High

Singapore: The US dollar rose to a five-month high against major peer currencies on Tuesday following hotter-than-expected US retail sales figures, raising worries of an intervention from Tokyo as the yen languished at its lowest since 1990.

Data on …

PSA: Consumer Price Index Shows Decrease of 1.40% in March

Doha: The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of March 2024.

The CPI of March 2024 reached 106.67 points showing a decrease of 1.40% when compared to CPI of February 2024. Compared to CPI …

QCB: All Financial Institutions to Work Remotely Tomorrow

Doha: Qatar Central Bank (QCB) said that due to the exceptional weather conditions that the country is expected to witness in the coming hours, it was decided to adopt remote work on Tuesday in all financial institutions in the country.

In a statemen…

QSE Index Closes 0.78 Percent Higher

Doha: Qatar Stock Exchange (QSE) general index closed at 9,921.37 points on Monday, 77.010 points (0.78 percent) higher from its previous closing.

A trading volume of 214,626,126 shares was traded in 21,168 transactions in all sectors, with a total t…

Qatar Airways Announces Launch of Flights to Kinshasa

Doha: Qatar Airways announced the latest expansion of its network to include Kinshasa, Democratic Republic of Congo (DRC).

This latest network expansion provides passengers with greater travel choices within a key region of Africa, opening up a new …

Orange and Pink Lines of Lusail Tram are Open to Public

Doha: Qatar Railways Company (Qatar Rail) has started the services on the full Orange Line and Pink Line of the Lusail Tram to the public starting today.

All stations on the Orange Line are now fully operational with the opening of the new stations,…

QSE Index Closes 0.14 Percent Higher

Doha: Qatar Stock Exchange (QSE) general index closed at 9,924.16 points on Sunday, 14 points (0.14 percent) higher from its previous closing.

A trading volume of 116,673,618 shares was traded in 12,612 transactions in all sectors, with a total trad…

Qatar Central Bank Foreign Reserves Surge 5.2 % in March

Doha: The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 5.2 percent year-on-year to reach QR 247.4 billion in March 2024 compared to the same period of last year.

The figures released on Monday by the QCB showe…

Gold Prices Extend Record Rally

London, Gold prices extended their record rally on Monday, supported by speculative buying and continued tensions in the Middle East, which overshadowed strong US job growth in March.

Spot gold was up 0.3% at $2,335.73 per ounce, after hitting a reco…

QNB Net Profit Increases 7% in First Quarter of 2024

Doha: Qatar National Bank (QNB) Group net profit for the first three-month of 2024 increased 7% to QR 4.14 billion in comparison to QR 3.88 billion for the same period of the previous year.

The Earnings per Share (EPS) amounted to QR 0.42 as of Marc…

QSE Index Drops 0.04% at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) dropped 3.86 points, or 0.04%, at the beginning of trading on Monday, reaching the level of 9906.30 points, compared to yesterday’s closing.

The performance of QSE general index was weighed down …

QSE Rises 0.54 Percent at Beginning of Sunday’s Trading Session

Doha: The Qatar Stock Exchange index rose by 0.54 percent at the start of Sunday’s trading session, adding 53.05 points to reach a level of 9869.35 points compared to the previous session’s close, supported by most sectors.

The positive performance o…

QCB Announces Eid Al Fitr Holiday for Financial Institutions

Doha: The Qatar Central Bank (QCB) announced Sunday that, on the occasion of Eid Al Fitr, it has been decided that the holiday for all financial institutions in the State of Qatar will start on Tuesday, April 9, 2024, and will end on Thursday, April 1…

QSE Index Closes 0.96 Percent Higher

Doha: Qatar Stock Exchange (QSE) general index closed at 9,910.16 points on Sunday, 93.86 points (0.96 percent) higher that its previous closing.

A trading volume of 114,597,418 shares was traded in 9,256 transactions in all sectors, with a total tra…

Kuwaiti Oil Rises $1.22

Kuwait: The price of Kuwaiti oil rose by $1.22 to reach $91.43 per barrel in trading yesterday, Friday, compared to $90.21 in trading Thursday, Kuwait Petroleum Corporation said today.

In global markets, Brent crude futures rose $0.52 to reach $91.17…

QNB Group Issues USD 1 Billion Formosa Bond

Doha: Qatar National Bank (QNB) Group, announced the successful completion of a Formosa bond issuance under its Euro Medium Term Note (EMTN) programme and listed on the Taipei Stock Exchange.

QNB said in a statement, carried on the Qatar Stock Exchan…

Muscat Stock Exchange Index Closes 0.19 Percent Lower

Muscat, The Muscat Stock Exchange (MSX) general index (30) closed Wednesday at 4,663.47 points, down by 9.1 points, or 0.19 percent, compared to the last trading session, which closed at 4,672.56 points.

The trading value reached RO 4,057,518, a decr…

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