Doha: Experts in the fields of economics and information technology estimated that the economic impact of the recent internet disruption on the global economy could be worth millions, if not billions, of US dollars. They noted that it is currently dif…
Category: Business
Turkiye Intends to Explore for Oil, Gas in 3 Areas Off Somali Coast
Turkish Minister of Energy and Natural Resources Alparslan Bayraktar, announced Thursday his countrys intention to explore for oil and gas in 3 areas off the Somali coast.
This came in a press conference after he attended the signing ceremony of an a…
Dollar Eases Due to Possible Fed Rate Cuts
Singapore: The dollar was broadly weaker on Wednesday after a modest but short-lived boost following better-than-expected US retail sales data, as traders focused on the prospect of Federal Reserve rate cuts as early as September.
The New Zealand dol…
ADB Raises S. Korea’s 2024 Growth Forecast to 2.5%
Seoul: The Asian Development Bank (ADB) revised up its outlook for South Korea’s economic growth this year to 2.5%.
The ADB said in its latest report on the Asian economy for July that it raised its forecast for Korean economic growth to 2.5% for thi…
Qatar Stock Exchange Index Starts Trading Down 0.24 %
Doha: Qatar Stock Exchange index declined by 0.24% at the beginning of Wednesday’s trading, losing 24.25 points and dropping to the level of 10,169 points, pressured by six sectors.
Qatar Stock Exchange attributed the decline in the general index to …
Oil Prices Steady in Early Asian Trade
Singapore: Oil prices were steady in early Asian trade on Wednesday, as signs of weakening demand growth in China clashed with the prospect of declining US oil stockpiles.
Brent crude oil futures fell by 11 cents, or 0.1%, to $83.62 a barrel, and US …
Qatar Post Opens Postal Outlet in the Free Zones to Support the Business Ecosystem for Investors
Doha: Qatar Free Zones Authority (QFZ) announced the opening of the newest outlet of Qatar Postal Services Company (Qatar Post) at the Investor Relations Center in the Business Innovation Park at Ras Bufontas Free Zone, in a move to enhance the servic…
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…