Doha: Qatar National Bank (QNB) expects that the European Central Bank will implement two additional interest rate cuts, by 25 basis points, during the current year, as it continues to closely monitor price developments and labor market activity.
QNB…
Gold prices declined on Friday, but are poised to record gains for the 3rd consecutive week, amid hopes that the US Federal Reserve will cut interest rates in September.
Spot gold slipped 0.2% at $2,409.19 per ounce after rising 2% on Thursday. US go…
The price of Kuwaiti oil went up by $0.88 to $87.39 a barrel on Thursday as opposed to $86.51 a barrel last Wednesday, Kuwait Petroleum Corporation (KPC) said today.
In the global markets, Brent crude futures rose $0.32 to reach $85.4 a barrel, while…
Oil prices went up on Friday amid signs of easing inflationary pressures in the United States, though the contracts were headed for a weekly decline.
Brent crude futures rose 33 cents, or 0.4%, to $85.73 a barrel. US West Texas Intermediate crude fut…
European stock indices rose on Friday at the close and achieved their second weekly gain in a row thanks to strong business results and optimism among investors regarding an interest rate cut in the US next September.
The European Stoxx 600 index clo…
Data from the French National Institute of Statistics and Economic Studies (INSEE) showed today that the inflation rate in the country retreated to 2.2 percent on an annual basis last June.
The institute’s data attributed this slight slowdown to weak…
Doha: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from June 30 to July 4, 2024 reached QR 419,378,464, while the total sales contracts for residential …
Doha: HE Minister of Commerce and Industry Sheikh Mohammed bin Hamad bin Qassim Al-Thani met today with HE Minister of State for Economic and Fiscal Policy of Japan Yoshitaka Shindo, who is visiting the country.
During the meeting, the two sides disc…
Doha: The Qatar Stock Exchange (QSE) index concluded this week’s trading with a notable increase of 1.03 percent, adding 104.09 points to its balance and rising to 10,177 points, bolstered by all sectors.
Financial analyst, Mubarak Al Tamimi told the…
Doha: Qatar Industrial Manufacturing Company (QIMC) announced today the start of the trial operation of the Gizaz factory for glass containers.
CEO of QIMC and Chairman Gizaz Glass Containers Company Abdulrahman Abdullah Al Ansari said that the trial…