Category: Industry

Dollar Firms on Federal Reserve Chair Caution

The dollar was on the front foot on Wednesday, having rebounded from a three-week low, after Federal Reserve Chair Jerome Powell struck a cautious tone on how soon US interest rate cuts would come.

In the first day of his testimony to Congress overni…

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Bahrain all share index marks 1,994.56 points

Bahrain All Share Index closed at 1,994.56 points, marking a decrease of 5.25 points below the previous closing.

This decrease was due to the drop in the communication service sector and the financial sector.

Bahrain Islamic Index closed at 803.33 p…

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Oil prices record an increase upon settlement

Oil prices rose at settlement at the end of today’s trading, following the announcement of a decline in crude oil and gasoline inventories in the United States last week.

Brent crude futures rose by 42 cents, or 0.5 %, to reach $85.08 per barrel upon…

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