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Category: Industry

Dollar Holds Near to One-Week High

The US dollar index, which measures the currency against six major rivals, was steady at 103.25, sticking close to Mondays high of 103.61, a level previously not seen since Aug. 8.

Globally, the Australian and New Zealand dollars slumped on Wednesday…

QSE Index Rises 0.39% at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 41.85 points, or 0.39%, at the start of trading on Wednesday, to reach the level of 10,684 points, compared to yesterday’s closing.

QSE index was supported by a rise in six sectors: Telecoms …

Gold Prices Rise as Investors Focus on US Data

Gold prices rose on Wednesday as market participants awaited more US economic data to determine the number of rate cuts the Federal Reserve is likely to deliver in the near term.

Spot gold rose 0.3% to $2,667.97 per ounce, and was $17 shy of a record…

Dollar Steady at over 2-Month High

The US dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, pinning the yen closer to the key 150 per dollar level.

The euro also …

UDC Signs Agreement to Sell 40% Stake in Qatar Cool to QIA

United Development Company (a Qatari public shareholding company) signed a conditional sale and purchase agreement with Investco Holding Company, a wholly owned subsidiary of Qatar Investment Authority (QIA), worth QR 793.4 million, in exchange for 40…

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