Central Bank of Kuwait (CBK) announced a 25 basis point reduction in the benchmark discount rate to four percent from 4.25 percent.
The new discount rates will be effective tomorrow, Thursday.
CBK Governor Basel Al Haroon told the Kuwait News Agency…
The US Federal Reserve (the central bank) on Wednesday announced that it has cut interest rates by 50 basis points to a range of 4.75 percent to 5.00 percent.
The Fed’s decision to cut interest rates is the first of its kind since 2020, which puts an…
The Qatar Stock Exchange closed on Wednesday with a slight increase of 1.25 points or 0.01 percent, reaching the level of 10,406.70 points.
During the session, 152,490,343 shares were traded, with a total value of QAR 322,033,434.544, resulting from …
Qatari Diar has signed a strategic agreement with Qatar National Bank (QNB) Group to offer land loans for Huzoom Lusail project purchasers.
Under this agreement, investors and buyers will find flexible financing solutions to buy plots at one of the m…
The State of Qatar chaired the fifth extraordinary meeting of the Undersecretaries of Ministries of Industry of the Gulf Cooperation Council (GCC) countries, which was held today in Doha.
The meeting was attended by Their Excellencies, the Undersecre…
Gold prices were flat on Wednesday as investors weighed chances of an outsized interest rate cut by the Federal Reserve later in the day.
Spot gold was little changed at $2,571.28 per ounce. Bullion rose to a record high of $2,589.59 on Monday.
US g…
Oil prices held steady on Wednesday, after rising in the previous two sessions, as investors await the US Federal Reserves anticipated interest rate cut.
Brent crude futures for November dropped 3 cents to $73.67 a barrel. US crude futures for Octobe…
US stocks closed nearly unchanged on Tuesday.
The S and P 500 gained 1.52 points, or 0.04%, to end at 5,634.61 points, while the Nasdaq Composite gained 34.82 points, or 0.20%, to 17,626.95.
The Dow Jones Industrial Average fell 5.19 points, or 0.01…