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Category: Industry

Gold Eases on US Jobs Report

Doha: Gold prices edged lower on Monday as a stronger-than-expected US jobs report reinforced the Federal Reserve’s cautious stance on rate cuts and boosted the US dollar, weighing the bullion. Spot gold fell 0.2 percent to USD 2,684.39 per ounce. US …

Central Bank of Kuwait Issues KD 200 Million Bond, Tawarruq

Kuwait City: The Central Bank of Kuwait announced Monday the allocation of bonds and tawarruq issuance worth KD 200 million (approximately $660 million).

According to Qatar News Agency, the bank stated that the issuance has a three-month term with a…

Major Share Indexes Slip in Asia Following US Stock Decline

Doha: Major share indexes slipped in Asia on Monday, affected by the decline in US stocks. Australia’s S and P/ASX 200 index fell 1.5% to 8166.40 points, while South Korea’s Kospi declined 1.2% to 2486.14 points. Hong Kong’s Hang Seng index declined 1…

China’s Auto Sector Hits New Record High in 2024

Beijing: China’s auto sector hit a new record high in 2024, with both production and sales exceeding 31 million units.

According to Qatar News Agency, the total auto output reached 31.282 million units last year, up 3.7 percent compared to 2023, whi…

Ooredoo Announces Date to Pay Interest to Bondholders

Doha: Ooredoo announced Monday that Ooredoo International Finance Limited (OIFL), its wholly-owned subsidiary, will pay its Global Medium Term Note (GMTN) holders’ interest payment on 31 January 2025.

According to Qatar News Agency, in an announceme…

Saudi Arabia, Oman Sign MoU to Enhance Financial Cooperation

Riyadh: Saudi Arabia’s Minister of Finance, Mohammed bin Abdullah Al Jadaan, and his Omani counterpart, Sultan bin Salem Al Habsi, signed a memorandum of understanding (MoU) to enhance cooperation in financial matters between the two countries.

Acc…

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