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Category: Industry

Qatar National Bank Announces New Deposit Rates

Doha: Qatar National Bank (QNB) has announced the latest deposit rates for various currencies as of Tuesday, highlighting the rates for USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. These rates are critical for investors and account holders seeking to m…

Gold Prices Slip as Hopes for US Rate Cuts Diminish

Riyadh: Gold prices edged lower Monday, weighed down by receding hopes for a near-term US interest rate cut due to rising energy prices, while a weaker dollar helped limit the losses. Spot gold fell 0.2 percent to $5,007.58 per ounce. US gold futures …

Qatar Stock Exchange Index Declines Amid Sectoral Pressures

Doha: The Qatar Stock Exchange index began trading on a lower note on Sunday, decreasing by 0.38 percent. This decline saw the index shedding 39.49 points to reach 10,446 points compared to the previous session’s close, primarily influenced by downtur…

Aluminium Bahrain Initiates 19% Production Capacity Reduction

Manama: Aluminium Bahrain (Alba) has announced a strategic move to shut down three of its aluminium smelting lines, which constitute 19% of its total production capacity, set at 1,623,000 metric tonnes per annum. This decision was revealed on Sunday a…

Kuwait Bourse Closes Lower as All Share Index Drops

Kuwait city: Kuwait Bourse closed trading on Monday as the All Share Index lost 54.55 points, a decrease of 0.62% to reach 8,760.57 points. As many as 349.8 million shares valued at KWD 91.7 million (roughly USD 280.6 million) were traded via 30,056 t…

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