UAE, Qatar central banks keep rates unchanged in tandem with Fed move
The UAE and Qatar central banks have kept the interest rates unchanged, following the U.S. Federal Reserve’s move…
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U.S. Federal Reserve
Dollar gains before Fed rates decision
The dollar headed for its biggest monthly gain since September as Federal Reserve is expected to take decision…
Yuan falls against dollar after PBOC holds rate
China’s yuan fell on Monday to a one-month low of 7.1813 per dollar after the People’s Bank of China (PBOC) left…
QNB reports 8% profit rise
Qatar National Bank (QNB), the largest bank in the Gulf by assets, announced on Thursday an 8 per cent increase in…
U.S. Fed keeps key interest rates unchanged, foresees three upcoming cuts in 2024
The U.S. Federal Reserve has on Wednesday kept its key interest rates unchanged for the third straight time and set…
Global stock indexes expected to increase modestly in 2024
Most key global indexes are predicted to rise next year, while a small majority of stock market experts expected…
Gulf markets take advantage from high oil prices
Gulf's stock market closed high on Sunday which resulted from Friday's rise in oil prices, with the Saudi index…
Citigroup predicts U.S. Fed to soar interest rate in Nov
Citigroup expects the U.S. Federal Reserve (the central bank of the United States) to raise its key interest rate…
Goldman Sachs expects gradual cut in Fed interest by mid-2024
Goldman Sachs economists said on Sunday it expected the U.S. Federal Reserve to start cutting interest rates in the…
Russia to reduce oil supply in August by 500K barrels per day
Russia will reduce its oil exports by 500 thousand barrels per day (bpd) in August as a global economic slowdown…