Tag: business

Oil prices closed higher on Tuesday, reaching their highest level this month, with increasing supply disruptions and traders betting that demand will grow if the Federal Reserve/US Central Bank/cuts borrowing costs this week.

Brent crude futures rose…

Qatar Central Bank announced a 55 basis point cut to its benchmark interest rate on Wednesday.

A QCB post on X said the move came following an assessment of the State of Qatar’s current monetary policy, based on the Monetary Policy Committee decision…

Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the US Federal Reserve lowers borrowing costs this week, as is widely expected.

Brent crude futures gained 95 cents, or 1.3%, to se…

Qatar Credit Bureau participated in the 18th Arab Credit Information Committee meeting which was recently held in Abu Dhabi, United Arab Emirates.

The Arab Credit Information Committee, whose secretariat is held by the Arab Monetary Fund, is a specia…

Saudi Arabia’s Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent.

A statement from the bank said the move comes in line wi…

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 …