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Doha, August 03 (QNA) – Qatar National Bank (QNB) expected that the US Federal Reserve would cut rates by 25 bps twice in 2024, before accelerating the pace of rate cuts in H1-2025.

In its weekly commentary, QNB alluded this to the continuation of th…

The price of Kuwaiti oil went down USD 1.36 to USD 80.47 pb on Friday’s trading, compared to USD 81.83 pb on Thursday, according to Kuwait Petroleum Corporation (KPC).

In the global markets, oil prices declined Friday to stabilize at their lowest lev…

KAMPALA: The African Development Bank (AfDB) has underscored the urgent need for increased private sector involvement in climate finance at a key meeting of African finance ministers in Uganda.

Speaking at the “Sustainable Horizons: Climate Action St…

ABU DHABI: The UAE’s real estate sector continued to thrive and attract investment during the first half of 2024, supported by the country’s economic and financial stability, and the launch of new world-class projects to meet the rising demand for var…

Doha, August 03 (QNA) – Qatar National Bank (QNB) expected that the US Federal Reserve would cut rates by 25 bps twice in 2024, before accelerating the pace of rate cuts in H1-2025.

In its weekly commentary, QNB alluded this to the continuation of th…

ABU DHABI: Gross banks’ assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion, compared to AED3.869 trillion in May 2023, according to the May figures issued by…

BEIJING: China’s marine economy expanded steadily in the first six months of the year, with a gross output of CN¥4.9 trillion (US$678.55 billion), up 5.6 percent year-on-year (YoY), data from the Chinese Ministry of Natural Resources showed.

Accordin…

Iraq’s Ministry of Oil signed a comprehensive Memorandum of Expertise with British Petroleum (BP) to develop oil and gas fields in Kirkuk Governorate, north of the country.

The presidential media office on Thursday mentioned that Prime Minister Moham…