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August 5, 2024

CBK Announces New Bonds, Tawarruq Worth KD 160 Million

The Central Bank of Kuwait (CBK) announced on Monday the allocation of issuance of bonds and tawarruq amounting to KD 160 million (about USD 528 million).

The CBK said in a statement carried by Kuwait news agency (KUNA), that the issuance period is t…

Oil Falls 1% Amid US Recession Fears

Oil futures extended losses in today’s session amid market volatility, as fears of a recession in the United States overshadowed concerns that escalating tensions in the Middle East could affect oil supplies.

Asian markets fell as investors abandoned…

Gold Prices Fall by More Than 2 Percent

Gold prices on Monday fell by more than 2 percent, amid a broad-based sell-off in stocks driven by growing economic concerns.

Spot gold fell 2.2 percent to $2,389.79 per ounce, while US gold futures lost 1.6 percent to $2,430.

As for other precious …

Non-Energy Private Sector Continues to Expand in July -1-

Qatari financial services companies recorded further sharp expansions in total business activity and new contracts in July, albeit at softer rates than in June. The seasonally adjusted Financial Services Business Activity and New Business Indexes post…