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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…

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…

China’s factory activity contracted for the third consecutive month in July, government data showed.

The Purchasing Managers Index (PMI) for China’s manufacturing sector, a gauge of activity of some 3,000 big and state-owned firms across the country,…

South Korea’s exports extended on-year gains to the tenth straight month in July on the back of the robust performance of semiconductors, data showed Thursday.

Outbound shipments rose 13.9 percent on-year to USD 57.4 billion last month, according to …

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…