The gross domestic product (GDP) of the Sultanate of Oman at constant prices increased by 1.7 percent to reach RO 9.537 billion at the end of the first quarter of 2024, compared to RO 9,373,900,000 at the corresponding period in 2023.
The preliminary…
Jordan and the European Union (EU) signed a loan agreement worth EUR 400 million to enhance water security and climate adaptation in the country.
The agreement was signed by Jordanian Minister of Planning and International Cooperation Zeina Toukan an…
Doha: Ooredoo Qatar has announced a strategic cooperation with Qatar Airways and Cisco. By implementing a state-of-the-art hybrid cloud environment, this collaboration will contribute to redefining the aviation industry’s digital landscape. The flagsh…
Oil prices fell by more than 1 percent on Tuesday due to concerns over a slowdown in the Chinese economy, which is impacting demand, despite growing consensus that the US Federal Reserve may start cutting interest rates in September.
Brent crude futu…
South Korea’s car exports hit a fresh high in the first half of 2024, data showed Tuesday, amid growing global demand for hybrid models.
The combined value of car shipments reached US$37 billion in the January-June period, up 3.8 % from a year earlie…
Gold prices rose Tuesday after statements by Chair of the Federal Reserve (US central bank) Jerome Powell strengthened the justifications for lowering interest rates in September 2024, while investors await more US economic data for other indicators a…
Doha: The general index of Qatar Stock Exchange (QSE) experienced a slight decline at the start of trading on Sunday, slipping by 7.04 points, or 0.07%, to settle at 10,608 points from its previous close.
According to Qatar News Agency, the QSE inde…
China’s central bank conducted 676 billion yuan (USD 94.77 billion) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday.
The central bank said that the move aims to offset the impacts of tax period and keep liquidity reasonable and …
Doha: The net profits of Qatar Islamic Bank (QIB) increased by 5.6 percent in the first half of 2024 to reach QR 2.065 billion, compared to QR 1.955 billion in the same period in 2023.
Basic earnings per share for the six months ending June 30, 2024,…
The dollar crept off five-week lows on Tuesday, as investors weighed the case for a September rate cut after comments by Fed Chair Jerome Powell.
The dollar index , which measures the US unit against six peers, was at 104.3.
The euro was at USD 1.08…