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Category: Business

Gold Up as Investors Await US Economic Data

Gold prices inched higher on Wednesday, with investors awaiting US economic data that could influence the Federal Reserves rate-cut timeline.

Spot gold was up 0.3% at $2,416.62 per ounce, and US gold futures gained 0.4% to $2,417.10.

As for other pr…

Qatar Airways Signs an Expansion to Boeing 777-9 Aircraft Order

On the second day of the Farnborough International Airshow, Qatar Airways announced that its significant order of Boeing 777X aircraft has been expanded to include an impressive 20 Boeing 777-9s.

This is in addition to its existing order of 40 Boeing…

China’s Fiscal Revenue Down 2.8% in H1 2024

China’s fiscal revenue fell 2.8 percent year on year to 11.59 trillion yuan (about 1.62 trillion USD) in the first half of 2024 (H1), according to data released by the Ministry of Finance.

However, after accounting for the impacts of a higher base du…

German Government Tax Revenues Rise in First Half of 2024

German government tax revenues have slightly risen in the first half of 2024, in comparison to the same period of last year.

According to the German Finance Ministry’s monthly report, tax revenues amounted to 176.5 billion euros, an increase of 4.6 p…

QDB to Host 3rd Arab SME Summit (Rowad 2024)

Qatar Development Bank signed today a memorandum of understanding with the United Nations Economic and Social Commission for Western Asia (ESCWA) in the latest bid to promote and support SMEs in Qatar and the Arab region.

In line with the agreement, …

Japan’s Nikkei Closes Marginally Lower

Japan’s Nikkei index closed on the Tokyo Stock Exchange Tuesday with a marginal decline, coinciding with the rise in the value of the yen, investors’ monitoring of global political developments, and anticipation of the central bank meeting next week.
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Turkish Central Bank Keeps Interest Rate at 50 Percent

The Turkish Central Bank on Tuesday kept the interest rate fixed at 50 percent on repurchase operations (repo) for a week.

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

Oil Prices Drop to Lowest Level in Over a Month

Oil prices closed lower at the end of Monday’s trading session, marking their lowest level in more than a month.

Brent crude futures fell by 23 cents, or 0.3 percent, to settle at $82.40 per barrel, the lowest level since June 11.

Similarly, the fut…

QSE Index Closes 0.20 Percent Higher

Doha: Qatar Stock Exchange (QSE) general index closed at 10,155.75 points on Monday, 20.380 points (0.20 percent) up from its previous closing.

A trading volume of 95,343,954 shares was registered in 10,032 transactions in all sectors, with a total t…

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