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September 18, 2024

Oil Prices Settle Up

Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the US Federal Reserve lowers borrowing costs this week, as is widely expected.

Brent crude futures gained 95 cents, or 1.3%, to se…

Saudi Central Bank Slashes Rates by 50 bps

Saudi Arabia’s Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent.

A statement from the bank said the move comes in line wi…

Qatari Diar, QNB Sign Deal to Finance Huzoom Lusail Purchase

Qatari Diar has signed a strategic agreement with Qatar National Bank (QNB) Group to offer land loans for Huzoom Lusail project purchasers.

Under this agreement, investors and buyers will find flexible financing solutions to buy plots at one of the m…