Category: Key Issues

Qatar-India Joint Business Council Convenes in Doha, Stresses Strategic Partnership

Doha: The meeting of the Qatar-India Joint Business Council and the high-level meeting between private sector representatives from both sides convened in Doha on Monday. A side of those two meetings was attended by HE Minister of Commerce and Industry Sheikh Faisal bin Thani bin Faisal Al-Thani, HE Minister of Commerce and Industry of India, Piyush Goyal, HE Minister of

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Exchange Rates Announced by Qatar National Bank

Doha: Exchange rates for various foreign currencies have been released by Qatar National Bank (QNB), outlining the buying and selling rates as of Monday. According to Qatar News Agency, the QNB rates show that the buying and selling price for the A.E. Dirham are 0.97800 and 1.00100 respectively. The Australian Dollar stands at 2.35340 for buying and 2.49200 for selling.

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QNB Group Successfully Refinances USD 1.5 Billion Syndicated Loan Facility

Doha: QNB Group, the largest financial institution in the Middle East and Africa, has announced the successful refinancing of its USD 1.5 billion unsecured syndicated term loan facility. According to Qatar News Agency, QNB’s Group CEO, Abdulla Mubarak Al Khalifa, highlighted that the refinancing attracted interest from both global and regional banks, significantly broadening QNB’s investor base. The issuance was

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Gold Tops $3,900 for First Time on Safe-Haven Demand

Doha: Gold surged past $3,900 an ounce for the first time on Monday, driven by safe-haven demand amid a US government shutdown, alongside growing expectations of additional Federal Reserve rate cuts. Spot gold rose 0.4% to $3,900.40 per ounce after hitting an all-time high of $3,919.59 earlier in the session. According to Qatar News Agency, US gold futures for December

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Paris Stocks Fall by Two Percent Following Premier’s Resignation

Paris: The Paris stock exchange witnessed a decline of about two percent on Monday, following French Prime Minister Sebastien Lecornu’s resignation. According to Qatar News Agency, the Premier’s move caused French 10-year bonds to rise, increasing temporarily to 3.61 percent before falling back to 3.57 percent, a rise of seven basis points from the previous closing price. This development came

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Oil Gains after OPEC+ Announces Modest Output Hike

Doha: Oil prices gained around 1% in early trading on Monday after OPEC+ announced a lower-than-expected increase in production, easing some concerns about a potential supply surge. Brent crude futures rose 63 cents, or 1%, to $65.16 a barrel, while US West Texas Intermediate (WTI) crude climbed 58 cents, or 1%, to $61.46 a barrel. According to Qatar News Agency,

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Minister of Finance Meets IFC Managing Director

Doha: HE Minister of Finance, Ali bin Ahmed Al Kuwari met with Managing Director of the International Finance Corporation (IFC), Makhtar Diop, who is visiting the country. The meeting discussed cooperation relations and prospects for enhancing them in terms of investments, finance, and the economy, in addition to reviewing matters of common interest. According to Qatar News Agency, the discussions

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Mexico President Voices Confidence in Her Government’s Ability to Seal Favorable Trade Agreement with US

Mexico city: Mexican President Claudia Sheinbaum on Sunday expressed confidence in her government’s ability to reach a favorable trade agreement with the US and other countries. She emphasized the importance of adapting to the evolving trade landscape, highlighting her administration’s proactive steps in this direction. According to Qatar News Agency, President Sheinbaum announced plans to unveil the progress of “Made

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