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September 12, 2024

ECB Cuts Interest Rates for Second Time in 2024

The European Central Bank decided today to cut interest rates by a quarter of a percentage point to 3.50 percent, making its second reduction to the deposit rate this year after the worst wave of inflation in years prompted it to raise borrowing costs…

European Shares Jump 1% on Tech Boost

European shares opened more than 1 percent higher on Thursday, buoyed by strong performances among technology stocks, while investors awaited the European Central Bank’s (ECB) rate decision due later in the day.

The pan-European STOXX 600 index was u…

Qatar Chairs Meeting of GCC Central Bank Governors Committee

Doha: The State of Qatar chaired the 83rd GCC Central Banks Governors Committee meeting, held in Doha.

HE Governor of Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al-Thani, Chairperson of the current session, chaired the meeting with…