Doha: The US Energy Information Administration (EIA): The US Energy Information Administration (EIA) announced a rise in US crude oil, gasoline, and distillate inventories last week.
According to Qatar News Agency, the EIA, the statistical arm of th…
Riyadh: QNB Group has announced that it has received license approval for a digital-first banking entity, “ezbank”, from the Saudi Central Bank SAMA, in collaboration with Ajlan and Bros. Holding, with a capital investment of SAR 2.5 billion.
Accord…
Kuwait: Kuwait has announced the issuance of $11.25 billion in sovereign bonds, divided into three tranches, marking its first successful return to global debt markets since 2017.
According to Qatar News Agency, the Kuwaiti Ministry of Finance state…
Doha: The dollar sank to a one-week low versus major peers on Wednesday as the US government entered a shutdown that is likely to delay the release of crucial jobs data. The dollar index, which gauges the currency against six counterparts including th…
Kuwait city: Kuwait Bourse closed trading on Wednesday with a decline in the All Share Index, which fell by 13.85 points to settle at 8,781.89 points, marking a decrease of 0.16 percent. The session witnessed the trading of 692.2 million shares valued…
Doha: Oil prices steadied in early trade on Wednesday after two consecutive days of losses. Brent crude futures for December delivery rose 12 cents to $66.15 a barrel. US West Texas Intermediate (WTI) crude rose by 12 cents to $62.49 a barrel.
Accor…
Doha: Gold prices surged to a record high on Wednesday, driven by investor demand for safe-haven assets after the official start of the US government shutdown and as soft labor data bolstered expectations of Federal Reserve rate cuts. Spot gold was up…
Tokyo: Business confidence among major Japanese manufacturers improved for the second consecutive quarter after a deal to lower US tariffs, but the outlook was clouded by caution over the impact of the levies, the Bank of Japan’s Tankan survey showed …
Seoul: South Korea’s exports rose 12.7% from a year earlier in September on the back of strong demand for semiconductors, logging the largest outbound shipments in three years and six months, government data showed Wednesday. Outbound shipments came t…
Doha: Lesha Bank LLC (Public) announced its investment in an energy platform in partnership with a leading energy and infrastructure manager.
According to Qatar News Agency, Lesha Bank has invested approximately QAR 540 million through an entity ma…