Doha: Exchange rates for foreign currencies have been updated as issued by Qatar National Bank (QNB) on Monday. The revised rates reflect both the buying and selling values for a range of currencies. According to Qatar News Agency, the buying and selling rates for the currencies are as follows: The A.E. Dirham is set at 0.97800 for buying and 1.00100
New York: Gold prices edged higher on Monday, helped by a weaker US dollar and safe-haven flows triggered by fears of a global trade war, while investors awaited further clues to gauge the Federal Reserve’s interest rate stance. Spot gold was up 0.1 percent at US$2,914.42 an ounce, while US gold futures rose 0.3 percent to US$2,921.90. According to Qatar
Doha: Oil prices fell on Monday as concern about the impact of US import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers. Brent crude fell 25 cents, or 0.4%, to $70.11 a barrel after settling up 90 cents on Friday. US West Texas Intermediate crude was at $66.76 a barrel, down 28
Muscat: Muscat Stock Exchange witnessed a decline in stock prices last week with the start of annual general meetings, while investors are awaiting the listing of Asyad Shipping Company following the completion of its subscription. According to Qatar News Agency, Muscat Stock Exchange experienced additional pressure last week, resulting in a decline in the prices of 38 companies, compared to
Doha: Qatar National Bank (QNB) ruled out the possibility of growth forecasts for ASEAN-6 economies being impacted by a global trade downturn scenario. This resilience stems from strong growth momentum, the ability of these countries to avoid or contain tariff-related threats, and benefits arising from changes in trade and investment flow trends. According to Qatar News Agency, in its weekly
New York: Federal Reserve Chair Jerome Powell emphasized that there is no rush to cut interest rates, as he awaits greater clarity on the economic impact of President Donald Trump’s new policies. Speaking at an economic forum in New York, Powell stated that the new administration is implementing significant policy changes in four key areas: trade, immigration, fiscal policy, and
New York: The major stock indices on the US Wall Street Stock Exchange closed higher at the end of the trading session. According to Qatar News Agency, the Dow Jones Industrial Average ended the session up 222.64 points, or 0.5 percent, to reach 42,801.72 points. The broader Standard and Poor’s 500 Index also rose 31.68 points, or 0.6 percent, to
Beijing: China’s total foreign exchange reserves rose to approximately USD 3.23 trillion at the end of February, marking an increase of USD 18.2 billion, or 0.57 percent, compared to the end of January. According to Qatar News Agency, the State Administration of Foreign Exchange (SAFE) released a statement on Saturday, noting that the US Dollar index declined last month. This