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August 20, 2025

China Keeps Key Lending Rates Unchanged

China: China kept its benchmark one-year loan prime rate (LPR), a market-based lending rate, unchanged from the previous month at 3 percent on Monday.

According to Qatar News Agency, the National Interbank Funding Center (NIFC) reported the LPR for …

Gold Prices Drop as Dollar Strengthens

Doha: Gold prices hit their lower level in nearly three weeks on Wednesday as the dollar firmed, while investors awaited the Federal Reserve’s symposium later this week for clues on the path for monetary policy. Spot gold was down 0.1% at $3,313.51 pe…

Iraq Signs Agreement with Chevron to Develop Major Oil Projects

Baghdad: The Iraqi government has signed an agreement in principle with US energy giant Chevron to develop several major oil projects, including the Nasiriyah field — which consists of four exploration blocks — as well as the Balad oil field and add…