Category: Industry

European Shares Open Higher Buoyed by Oil Sector

European shares kicked off the week on a positive note, buoyed by the global oil sector amid fears of a widening conflict in the Middle East and as a raft of upbeat earnings updates also lifted the overall market sentiment.

The pan-European STOXX 600…

Read More

QCB Governor Meets Banking Official at HSBC

Doha: HE Governor of Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al-Thani met on Monday with Regional CEO, Middle East, North Africa and Turkiye at HSBC Stephen Moss, who is visiting the country.

During the meeting, the two sides di…

Read More

CBB Treasury Bills oversubscribed by 101%

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 101%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.

Read More

Yemen: $20 million in losses at Hodeidah port

Sanaa – Ma’an – The material damage caused by the Israeli attack on the port of Hodeidah in western Yemen amounted to about $20 million, excluding oil losses, according to an official at the strategic seaport.

Israel launched an attack on the Houthi-…

Read More

Dollar jumps against shekel, trades at 3.71

Bethlehem Ma’an – Following the recent events in the north, and against the backdrop of growing fears of a security escalation in anticipation of an Israeli response in Lebanon, the dollar and the euro are recording a jump against the shekel.

The dol…

Read More

Gold Prices Rise on Hopes of US Interest Rate Cut

Gold prices went up on Monday amid expectations of a US rate cut in September and rising geopolitical tensions in the Middle East.

Spot gold was up 0.5% at $2,397.65 per ounce. US gold futures climbed 0.7% to $2,396.70.

The US central bank’s Federal…

Read More