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Category: Business

European Stocks Close Lower, Weighed Down by Energy Stocks

European stocks on Tuesday closed lower , weighed down by energy stocks and as inflation data showed annual inflation accelerating in 14 European Union (EU) countries over the past month.

The Stoxx 600 index ended trading down 0.5 percent, erasing ga…

Qatar Development Bank Launches the 2024 SME Directory

Qatar Development Bank (QDB) continues its efforts to bolster the private sector and achieve economic diversification, aiming for a self-sufficient circular economy. One of QDB’s key initiatives in this endeavor is the “SME Directory” which aims to co…

S. Korea, Malaysia Resume Free Trade Talks

South Korea announced on Tuesday that it has resumed negotiations with Malaysia to secure a bilateral free trade agreement, after a 5-year hiatus.

The fourth round of negotiations for the FTA kicked off in Kuala Lumpur for a four-day session, marking…

Oman Oil Prices Down by USD 2.13

The official price of Omani crude oil, for delivery in October, reached on Tuesday USD 75.71 per barrel, a decrease of USD 2.13 compared with Monday’s price of USD 77.84 per barrel.

The monthly average price of Omani crude oil for delivery in August …

Turkiye Central Bank Keeps Interest Rate at 50 percent

Turkiye Central Bank has kept the interest rate unchanged at 50 percent on repurchase (repo) operations for one week.

The Monetary Policy Committee of the Turkiye Central Bank said in a statement that it had decided to keep the interest rate unchange…

Dollar Hangs near Seven-Month Low on Rate Cut Bets

The dollar hung near a seven-month low on Tuesday on wagers the US central bank will start cutting interest rates from next month.

The dollar index, which measures the US currency against six rivals, touched its lowest since Jan. 2 of 101.82 on Tues…

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