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Category: Industry

Japanese Yen to 7-Month Highs as US Economic Slowdown Persist

Japan’s yen hit its highest levels against the dollar since January on Monday, as markets extended moves triggered last week after weak US labor data stoked recession worries and expectations of deeper rate cuts by the Federal Reserve.

The dollar ind…

QSE Index Falls Below 10,000-Point Mark at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) fell below the 10,000-point mark at the beginning of trading on Monday, reaching 9,885 points after dropping 172 points, or 1.71%, compared to the closing of Sunday’s session, affected by declines …

QSE Index Drops 20.07 Points at Start of Trading

Doha, July 31 (QNA) – The general index of Qatar Stock Exchange (QSE) dropped 20.07 points, or 0.20 percent, at the beginning of trading on Wednesday, reaching 10,130 points, compared to yesterday’s closing.

QSE general index was weighed down by a de…

QCB Maintains Current Interest Rates

Doha: The Qatar Central Bank (QCB) decided on Wednesday to maintain the current interest rates for QCB Deposit Rate (QCBDR), QCB Lending Rate (QCBLR), and QCB Repo Rate (QCBRR) following an assessment of Qatar’s current monetary policy.

According to…

Oil Futures Rebounds Over $1 after 7-Week Lows

Oil futures rebounded more than $1 a barrel from 7-week lows.

Brent crude futures climbed $1.17, or 1.5%, to $79.80 a barrel, while the more active October contract was at $79.18, up $1.11.

US West Texas Intermediate (WTI) crude futures rose $1.15, …

Gold Prices Set for Monthly Gain on US Rate Cut Hopes

Gold prices firmed on Wednesday, heading for a monthly gain on the back of growing optimism about US interest rate cuts.

Spot gold was up 0.4% at $2,416.79 per ounce, and has gained nearly 4% for the month. US gold futures added 0.5% to $2,414.80.

S…

Qatar’s Budget Records QR 2.6B Surplus in Q2 of 2024

Doha July 31 (QNA) – The Ministry of Finance announced Wednesday that the State of Qatar’s budget for the second quarter of 2024 recorded a surplus of QR 2.6.

The surplus was directed to reducing public debt, and therefore there is no cash surplus, t…

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