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Category: Business

European Stocks Open Lower Amid Tech Sector Decline

Brussels: European stocks opened lower for the third consecutive session on Wednesday, driven by a decline in the technology sector.

The Stoxx 600 index dropped 0.3 percent, with the tech sub-index falling 1.9 percent.

Dutch semiconductor company AS…

Masraf Al Rayans Profits Rise by 3.2 percent in 2024 First Half

Doha: Masraf Al Rayan (a Qatari public shareholding company) net profits increased by 3.2 percent in the first half of 2024 to reach QR 789.058 million , compared to QR 764.641 million in the same period last year.

Data issued by the bank and posted …

Qatar Stock Exchange Closes Lower by 0.41 Percent

Doha: The Qatar Stock Exchange (QSE) closed Wednesday’s session with a decline of 42.17 points, or 0.41 percent, settling at 10,151.72 points.

During the session, 186,321,557 shares were traded, with a total value of QR 478,482,200.554, executed thro…

Oil Prices Return to Rise Upon Settlement

New York: Oil prices rose at settlement at the end of Wednsdays trading, after three consecutive days of losses.

Brent crude futures contracts recorded an increase of $1.35, or 1.61 percent, to reach $85.08 per barrel upon settlement.

US West Texas …

MEEZA Partners with US AMD on Artificial Intelligence

Doha: MEEZA, Qatars leading managed IT services and data centers provider, has announced a strategic cooperation agreement with the advanced Micro Devices, Inc. American multinational corporation AMD, a global leader in high-performance computing and …

Oil Prices Close on Decline

Oil prices declined at the close of trading on Monday.

Brent crude futures fell by 18 cents, or 0.2 percent, to settle at $84.85 per barrel. Meanwhile, West Texas Intermediate (WTI) crude dropped by 30 cents, or 0.4 percent, to settle at $81.91 per b…

QSE Index Closes 2.41 Points Lower

Doha: The Qatar Stock Exchange (QSE) index closed Tuesday’s trading session with a slight decrease of 2.41 points, or 0.02 percent, settling at 10,193.89 points.

During the session, 139,616,727 shares were traded, amounting to a value of QR 324,340,9…

Oman GDP Grows 1.7% During Q1 2024

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…

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