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Category: Business

Gold Holds Ground as Traders Brace for US Inflation Data

Gold prices firmed for a third consecutive session on Thursday, with investors awaiting US inflation data due later in the day for more insights on the Federal Reserve’s interest rate path.

The spot gold price was up 0.2% at $2,375.70 per ounce. Gold…

QSE Index Closes Higher on Thursday

Doha: The Qatar Stock Exchange (QSE) closed Thursday’s trading session with an increase of 15.67 points, or 0.15 percent, reaching 10,177.27 points.

During today’s session, 187,318,653 shares were traded, with a total value of QAR 432,653,450.418, re…

Sterling Rises Against Dollar to One-Month High

The pound sterling rose against the dollar Thursday, against the backdrop of receding expectations for an August rate cut from the Bank of England.

The dollar fell a touch although moves were largely subdued ahead of a US inflation report due later i…

China’s NEV Output, Sales Register Fast Growth in H1

China’s production and sales of new energy vehicles (NEVs) continued to maintain rapid growth in the first six months (H1) of this year, with the NEV market share steadily increasing in the domestic market.

During the period, the production of NEVs r…

Nikkei Stock Index Ends Above 42,000 Mark for First Time

Tokyo’s stock indexes ended at fresh all-time highs on Thursday, with the Nikkei crossing 42,000 for the first time, boosted by buying of Apple Inc. suppliers and other technology issues, as well as optimism about corporate earnings.

The 225-issue Ni…

Oil Prices Rise at US Market Close

Oil prices rose at settlement at the end of Wednesday’s trading, following the announcement of a decline in crude oil and gasoline inventories in the US last week.

Brent crude futures rose by 42 cents, or 0.5 percent, to reach $85.08 per barrel upon …

Real Estate Trading Volume Exceeds QR 450 Million in Week

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 …

OPEC Sticks to Strong Oil Demand Growth Forecasts in 2024, 2025

The Organization of the Petroleum Exporting Countries (OPEC) has stuck to its forecast for relatively robust growth in global oil demand in 2024 and 2025, citing resilient economic growth and strong rebound in air travel in the summer months.

In its …

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