Business

BEIJING: China’s central bank conducted 571.9 billion yuan (about US$80.96 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday.

Xinhua News Agency quoted the People’s Bank of China as saying that the move aims to keep liquid…

Gold prices stabilized Thursday after hitting a record high in the previous session after the Federal Reserve decided to cut interest rates significantly.

Spot gold was little changed at $2,562.85 per ounce, after scaling a record high of $2,599.92 o…

The Jordan Central Bank (JCB) decided Thursday to reduce interest rates on all monetary policy instruments by 50 basis points, effective from September 22.

This decision comes after the end of the monetary tightening cycle that the JCB implemented si…

Bethlehem – Ma’an – Gold prices rose to their highest level after the US Federal Reserve cut interest rates by about half a percentage point.

Spot gold rose 0.9% to $2,592.39 an ounce, while US gold futures rose 0.2% to $2,598.60 at settlement.

Sou…

AJMAN: Salem Al Suwaidi, Director General of Ajman Chamber of Commerce and Industry, discussed with Hussain Muhammad, Consul General of the Islamic Republic of Pakistan, ways to develop bilateral trade and increase mutual investment opportunities in t…

ABU DHABI: The UAE Council for Climate Action outlined the progress in implementing national initiatives in collaboration with all relevant authorities in the UAE and the preparation for the upcoming COP29 taking place in the Republic of Azerbaijan in…

SHARJAH: The Sharjah Investment Forum 2024 (SIF) has successfully concluded two days of knowledge-packed sessions, workshops, and opportune networking between stakeholders across multiple industries, leaving a lasting impression on the global investme…

– The general index of Qatar Stock Exchange (QSE) rose 33.33 points, or 0.32%, at the start of trading on Thursday, to reach the level of 10,440 points, compared to yesterday’s closing.

QSE’s figures showed an increase in the performance of most sect…