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Category: Business

Oil Falls Further on US Stock Build, Easing Supply Concerns

Oil prices extended losses for a third session, dragged down by a larger-than-expected crude and gasoline stockbuild in the US and easing supply concerns.

Markets will be awaiting further inventory data cues from the US Energy Information Administ…

Real Estate Trading Volume Exceeds QR321.3 Million in Week

The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from October 1 to 5, 2023 reached QR 249,404,838.

Total sales contracts for residential units in the Re…

QSE Index Rises 29.36 Points at Start of Trading

The general index of Qatar Stock Exchange rose 29.36 points, or 0.29%, to reach the level of 10,052 points at the beginning of trading on Thursday, compared to yesterday’s closing.

The positive performance of QSE general index was supported by a r…

QCB Issues Treasury Bills Worth QR500 Million for One-Week Term

Qatar Central Bank (QCB) issued today treasury bills worth QR 500 million for a one-week term, due on October 19, at an interest rate of 5.7550 percent.

Treasury bills are a short-term debt instrument issued by the government for the purpose of bo…

ASEZA head, Czech envoy talk cooperation

Head of Aqaba Special Economic Zone Authority (ASEZA), Nayef Fayez, on Thursday discussed with Czech Ambassador to Jordan, Alexander Sporys, ways to enhance bilateral cooperation in various fields of common interest.

During the meeting, Fayez pres…

Dollar Drifts near Two-Week Low Ahead of Inflation Data

The dollar was little changed but hovering near a two-week low on Thursday as investors awaited key US inflation data.

The dollar index, which measures the US currency against six rivals, was at 105.64, not far from 105.55, its lowest since Sept. …

Oil Little Changed as Supply Concerns Fade

Oil prices were little changed in early Asian trade on Wednesday, as concerns eased about potential supply disruptions.

Brent crude rose 12 cents at $87.77 a barrel. US West Texas Intermediate (WTI) crude rose 3 cents to $86.00 a barrel.

Brent a…

Inflation edges up 2.31% during 9 months

The consumer price index (inflation) rose by 2.31% from January to September 2023, reaching 108.78 points, up from 106.33 points during the same period last year.The Department of Statistics (DoS) issued its monthly report on Wednesday, stating th…

Jordan’s Industrial Sector Sees 35pct Female Participation

Recent data underscores a notable trend in Jordan’s industrial landscape: women now comprise 35% of the sector’s workforce.This translates to over 91,000 female professionals out of a total of roughly 267,000, distributed across the Kingdom’s myri…

S. Korea Logs Current Account Surplus for 4th Month in August

South Korea logged a current account surplus for the fourth straight month in August on the back of a widened trade surplus and increased interest income from overseas, South Korea’s central bank data showed Wednesday.

South Korea’s current accou…

Minister of Finance meets IMF Managing Director

HE Minister of Finance Ali bin Ahmed Al Kuwari met with HE Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, on the sidelines of the Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the In…

Deposit Rates in Qatar

Doha: Deposit rates at opening as issued on Tuesday by Qatar National Bank (QNB) are as following: USD JPY CHF GBP 1M 5.43019 -0.25000 1.33000 5.15000 2M 5.50737 -0.25000 1.27000 5.17000 3M 5.58455 -0.25000 1.33000 5.09000 6M 5.72629 -0.20000 1.28000 …

China Futures Market Turnover Up 6.13% in First Three Quarters

The turnover of China’s futures market posted strong growth in the first three quarters, data showed Tuesday.

The total transaction value of the futures market hit 425.29 trillion yuan about ($59.25 trillion) during the Jan-Sept period, up 6.13% …

QSE Index Rises 165.09 Points at Start of Trading

The general index of Qatar Stock Exchange rose 165.09 points, 1.68%, to reach the level of 10,017 points at the beginning of trading on Wednesday, compared to yesterday’s closing.

The positive performance of QSE general index was supported by a r…

Jordan’s ranking improved on Global Innovation Index 2023-JSF

Jordan Strategy Forum (JSF) issued a paper in the “Papers in Brief” series entitled: “Jordan’s Performance on the Global Innovation Index 2023: Tangible Progress and Promising Opportunities.”The report continues JSF’s policy paper published in Apr…

Oil Prices Dip 2%

Oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session as markets weighed the potential for supply disruptions.

Brent crude fell 18 cents, or 0.2%, to $87.97 a barrel at 0017 GMT, while US West Texas Intermed…

China Pumps about $9.3 Billion into Financial System

The People’s Bank of China (the central bank) injected liquidity on Tuesday into the financial system through seven-day reverse repo operations, worth 67 billion Chinese yuan (about $9.3 billion), at an interest rate of 1.8%.

The move aims to kee…

Gold Continues to Rise on Declining Dollar, Bond Yields

Gold prices hit a more than one-week high on Tuesday, a day after posting sharp gains on increased market uncertainty due to the Middle East conflict as dovish remarks from top US Federal Reserve officials weighed on the dollar and bond yields.

S…

Dollar Stalls as Investors Await Several US Economic Data

The dollar remained steady against major peers on Tuesday, after a pause in its rally following a slight dovish shift in Federal Reserve officials’ tone.

Moves in the Asia session were small as traders waited on further Fed appearances later in t…

Commercial Bank Launches Global Multi-Asset Fund

Commercial Bank launched a new Shariah Global Multi-Asset Fund managed by Franklin Templeton Investments.

Commercial Bank said in statement: “Wealth Management is an important strategic objective for Retail Banking at Commercial Bank as it allows…

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