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Category: Business

European Stock Indices Close Slightly Lower

Brussels, European stocks on Tuesday closed slightly lower.

The Stoxx 600 index closed 0.2 percent lower. Shares of the banking and luxury products sectors were the biggest losers, as each of them fell about 0.9 percent.

The Stoxx index has retreate…

QCB Governor Meets Singapore’s Minister for Home Affairs

Doha: HE Governor of Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al-Thani met on Tuesday with HE Minister for Home Affairs and Law of the Republic of Singapore K Shanmugam.

During the meeting, they discussed bilateral cooperation re…

QSE Index Rises 0.02% at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 1.50 points, or 0.02%, at the beginning of trading on Tuesday, reaching 9,678 points, compared to yesterday’s closing.

The general index was supported by a rise in Insurance by 0.96%; Telecom…

Gold Rises on Growing Rate-Cut Bets

Singapore, Gold prices rose on Tuesday, hovering near a record peak hit in the previous session as recent economic data boosted bets that the US Federal Reserve would start cutting interest rates later this year.

Spot gold was up 0.1% at $2,428.14 pe…

20th Edition of Project Qatar to Begin on Monday

Doha: The 20th edition of Project Qatar, one of the biggest trade exhibition specializing in construction materials, equipment, and technologies in Qatar, will get underway at Doha Exhibition and Convention Center on Monday, May 27.

At a press briefi…

UK is Set to Have Slower Inflation than Eurozone and US

The UK is set to have slower inflation than both the Eurozone and the US for the first time in over two years as falling energy prices for consumers cut Britains rate of headline price growth.

The Financial Times said that the annual growth in consum…

Oil Prices Rise in Monday’s Trade

Oil prices extended gains on Monday, with Brent crude rising 10 cents, or 0.1%, to $84.08 a barrel, its highest since May 10.

US West Texas Intermediate (WTI) crude edged down 5 cents to $80.01 a barrel, after hitting the highest since May 1.

The Ju…

Qatar’s IPI Increases by 4.7% in March

Doha: The Industrial Production Index (IPI), March 2024 reached 100.2 point, increased by 4.7% compared to the previous month (February 2024), and decreased by 3.2%, when compared to the corresponding month in 2023.

This indicator reflects the growth…

Qatar’s IPI Increases by 4.7% in March

Doha: The Industrial Production Index (IPI), March 2024 reached 100.2 point, increased by 4.7% compared to the previous month (February 2024), and decreased by 3.2%, when compared to the corresponding month in 2023.

This indicator reflects the growth…

Lesha Bank LLC Acquires Kazakh Bereke Bank

Doha: Lesha Bank LLC (Public) announced that it had signed a sale and purchase agreement with the Kazakh company Baiterek NMH JSC for the acquisition of the entire share capital of Bereke Bank in Kazakhstan at a price of 65 billion Kazakh Tenge, equiv…

Dollar Calm as Traders Await Clues on US Federal Reserve Meeting

The dollar was broadly steady on Monday as investors awaited further clues to help chart the US interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling.

The Japanese yen was flat at…

European Stock Indices Close Slightly Higher

European stock indices on Monday closed their trading slightly higher, supported by profits from shares of defense industries companies, but gains remained limited as investors awaited economic data in light of uncertainty about expectations of loweri…

Exchange Rates in Qatar – 1 –

Moroccan Dirham N/A 0.39410 Malayasian Ringgit 0.73410 0.79270 Norwegian Krona 0.31460 0.37130 New Zealand Dollar 2.17990 2.30790 Omani Riyal 9.40100 9.64900 Philippine Peso 0.05850 0.06470 Pakistani Rupee N/A 0.01360 Saudi Riyal 0.96400 0.98600 Swedi…

Minister of Finance Meets French Minister of Economy and Finance

Doha: HE Minister of Finance Ali bin Ahmed Al Kuwari met with HE Minister of Economy and Finance of the French Republic Bruno Le Maire, who is visiting Doha.

The meeting discussed the most prominent topics of importance to both countries, especially …

MEEZA Signs Cooperation Agreement with Oman’s ITHCA Group

Doha: MEEZA, a pioneering Qatari managed IT services and solutions provider, announced a cooperation agreement with Oman Information and Communication Technology Group (ITHCA Group).

This strategic collaboration focuses on enhancing mutual capabiliti…

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