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Dukhan Bank Secures USD 500 Million Through AT1 Sukuk Issuance

Doha: Dukhan Bank announced the successful issuance of Additional Tier 1 (AT1) capital sukuk worth USD 500 million, with a non-call period of 5.5 years and a fixed profit rate subject to reset, yielding 6 percent. The issuance has been touted as achie…

QCAA Shuts Down Non-Compliant Travel and Air Cargo Agencies

Doha: The Qatar Civil Aviation Authority (QCAA) announced the closure of an additional number of travel and air cargo agencies, bringing the total number of offices closed since the launch of the inspection campaigns to 17.

According to Qatar News A…

Iraq Halts West Qurna-2 Oil Pumping, Cuts Output by Half

Basra: Iraq’s Basra Oil Company announced a complete suspension of pumping operations from the West Qurna-2 oil field, leading to a 50% reduction in output due to force majeure and a shortage of tankers.

According to Qatar News Agency, the productio…

Gold Rises Above $4,800 for First Time Amid Geopolitical Tensions

Doha: Gold surged to a fresh record above $4,800 on Wednesday, buoyed by safe-haven demand and a softer dollar as geopolitical tensions flared. Spot gold rose 1.2 percent to $4,818.03 per ounce, after scaling a record peak of $4,836.24 earlier in the …

IMF Predicts Global Economic Growth and Lower Inflation by 2026

Doha: Amid the rapid developments the world is witnessing due to ongoing geopolitical conflicts and the impact of natural disasters and extreme weather events, and despite technological advancements and the AI revolution, uncertainty arising from thes…