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Category: Industry

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…

China’s Non-manufacturing PMI Falls in July 2024

China’s purchasing managers’ index (PMI) for the non-manufacturing sector came in at 50.2 this July, reflecting a contradiction from 50.5 in June, data from the National Bureau of Statistics showed on Monday.

Chinese news agency (Xinhua) quoting the …

US Federal Reserve Keeps Interest Rates Unchanged

Washington: The US Federal Reserve (the US central bank) kept its benchmark interest rate unchanged. The decision was made to maintain the rate within the range of 3.50 percent to 3.75 percent.

According to Qatar News Agency, the Fed released a stat…

QatarEnergy Announces Fuel Prices for August

Doha, July 31 (QNA) – QatarEnergy announced Wednesday the fuel prices for August 2024, keeping the prices of diesel, Gasoline 95 and Gasoline 91 unchanged.

QatarEnergy has set the price of a liter of diesel at QR 2.05, the price for Super Gasoline 95…

Oil Prices Fell by More Than 1 Percent at Tuesday’s Trading

Oil prices fell by more than 1 percent at the close of todays trading, ending at the lowest level in seven weeks.

Futures contracts for Brent crude for October delivery decreased by $1.15, or 1.4 percent, settling at $78.63 per barrel.

Futures contr…

Saudi Arabia’s non-oil activities grow 4.4% in Q2 2024

Riyadh, The Kingdom of Saudi Arabia’s non-oil and government activities grew 4.4% and 3.6%, respectively, during the second quarter of this year, the Saudi Press Agency (SPA) reported.

The Kingdom’s Gross Domestic Product (GDP) contracted by 0.4 perc…

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