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…
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U.S. Federal Reserve
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…
Oil prices retreat amid concerns about dollar price
Oil prices have decreased Monday amid anticipations about the Federal Reserve’s upcoming meeting and decisions.
Microsoft to pay over $3mln fines for violating US sanctions against Russia
Microsoft Corporation has agreed to pay over $3 million to settle a potential civil liability, for being accused of…
U.S. weighs new fund as backup if more banks fail
The U.S. Federal Reserve and the Federal Deposit Insurance Corp are considering creating a fund to allow regulators…