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Category: Business

US Consumer Price Index Up 0.2% in July

The US Department of Labor has announced that consumer prices in the United States rose last July.

The ministry explained, in a statement today, that the consumer price index rose last month by 0.2 percent annually after declining by 0.1 percent last…

Qatar Insurance Profits Rise 11 Percent in H1 2024

Doha: The net profits of Qatar Insurance Group (a Qatari public shareholding company) increased by 11 percent in the first half of 2024 to reach QAR 360 million, compared to QAR 325 million for the same period of the previous year.

Data issued by the…

UK Inflation Rises to 2.2 Percent in July after Months of Decline

The United Kingdom’s (UK) inflation rate rose to exceed the Bank of England’s target of 2 percent, the first increase recorded this year after months of decline.

According to data issued by the UK’s Office for National Statistics (ONS) on Wednesday, …

Jordan’s Industrial Sector Exports Rise by 0.13% in Seven Months

Jordan’s industrial sector has demonstrated resilience and modest growth, with exports rising by 0.13% over the past seven months of 2024.

According to the Jordan Chamber of Industry, total industrial exports during this period reached JD4.94 billion…

Gulf International Services Profits Grow 27% in H1 2024

Doha: The net profits of Gulf International Services increased by 27 percent in the first half of 2024 to reach QR 356.409 million, compared to QR 280.970 million for the same period in 2023.

Data issued by the company and published on the Qatar Stoc…

Oil Prices Fall after Unexpectedly Rise in US Crude Inventories

Oil prices fell on Wednesday after a report showed that US crude inventories unexpectedly rose, while concerns about the impact of a possible widening conflict in the Middle East on production eased slightly.

Brent crude futures fell 41 cents, or 0.5…

China’s Yuan Loans Rises in First Seven Months of 2024

China’s yuan-denominated loans rose by 13.53 trillion yuan (about 1.89 trillion US dollars) in the first seven months of the year, the Chinese central bank data showed on Tuesday.

The M2, a broad measure of money supply that covers cash in circulatio…

Dollar Drops as Inflation Data Reinforces Bets on 2024 Rate Cuts

The dollar extended losses on Wednesday after falling against major currencies overnight as upbeat US producer price data reinforced bets on a rate cut this year.

Risk-sensitive currencies stayed strong after the unexpected softening in inflation buo…

Oil Prices Climb as Fall Estimated in US Crude Inventories

Oil prices climbed on Wednesday on estimates about shrinking US crude and gasoline inventories as the market watched for a possible widening of tensions in the Middle East, which could curtail global oil supplies.

Brent crude futures rose 30 cents to…

Gold Prices Inch Lower as US Inflation Data Looms

Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key US inflation print later in the day that could set the tone for the Federal Reserve’s September policy meeting.

Spot gold eased 0.2% to $2,460.87 per ounce. Pr…

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