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Trading Value on Muscat Stock Exchange Tumbled 27% Week-on-Week

Muscat: Trading value on the Muscat Stock Exchange (MSX) last week stood at OMR 139.3 million, compared with OMR 191.4 million in the previous week, down 27%, and executed transactions fell by 24.4%, from 41,000 trades to 31,514 trades.

According to…

Rising Sovereign Yields Signal Restrictive Financial Outlook

Doha: Rising sovereign bond yields in major advanced economies are signaling a shift towards a more restrictive financial environment. Qatar National Bank (QNB) stated that this development is a reflection of the broader reassessment of global economi…

Oil Prices See Increase Amid Middle East Developments

Doha: Oil prices rose at the close of trading yesterday, while Brent crude was headed for a weekly loss of about 8 percent, pressured by developments in the Middle East. Brent crude futures climbed 66 cents, or 0.53 percent, to reach $80.38 a barrel, …

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…

Qatar Basketball Team Completes Intensive Training Camp in Antalya

Antalya: Qatar’s first men’s basketball team have concluded their overseas training camp in Antalya, Turkey, held from June 11 to 20, as part of the preparation programme established by the Qatar Basketball Federation ahead of a busy international sch…