The Central Bank of Kuwait (CBK) announced on Monday the allocation of issuance of bonds and tawarruq amounting to KD 160 million (about USD 528 million).
The CBK said in a statement carried by Kuwait news agency (KUNA), that the issuance period is t…
Doha: Qatar’s non-energy private sector continued to expand at the start of the second half of 2024, according to the latest Purchasing Managers’ Index (PMI ) survey data from Qatar Financial Centre (QFC) compiled by S and P Global.
Output and new or…
Gold prices on Monday fell by more than 2 percent, amid a broad-based sell-off in stocks driven by growing economic concerns.
Spot gold fell 2.2 percent to $2,389.79 per ounce, while US gold futures lost 1.6 percent to $2,430.
As for other precious …
Qatari financial services companies recorded further sharp expansions in total business activity and new contracts in July, albeit at softer rates than in June. The seasonally adjusted Financial Services Business Activity and New Business Indexes post…
Doha: Qatar Oman Investment Company (QOIS), a Qatari Public Shareholding Company, has achieved a net profit of QR 1.3 million in H1 of 2024, against losses of QR2.5 million recorded during the same period of the previous year.
According to data relea…
Oil futures extended losses in today’s session amid market volatility, as fears of a recession in the United States overshadowed concerns that escalating tensions in the Middle East could affect oil supplies.
Asian markets fell as investors abandoned…
Gold prices drifted higher on Monday, aided by worries that the US could be headed for a recession and rising bets that the Federal Reserve will likely need to start cutting interest rates aggressively.
Spot gold rose 0.14 percent to USD 2,446.83 per…
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…