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OCB Issues Treasury Bills Worth OR 30 Million

The Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 30 million.

The bank said, in a statement Monday, that the interest rate on repurchase operations with the Oman Central…

Qatar’s Industrial Production Index Rises by 6% in July 2024

Doha: Qatar’s Industrial Production index (IPI) recorded 103.2 points in July 2024, an increase by 6% compared to the previous month (June 2024), but decreased by 4% when compared to the corresponding month in 2023.

The IPI measures the growth of var…

Dollar Falls, Yen Rises amid US Rate Cut Expectations

The dollar index fell 0.15% to 100.87 on Monday, while the yen reached its highest levels in more than a year in limited trading, amidst expectations of a rate cut decision by the US Federal Reserve this week.

The dollar was down 0.47% at 140.15 yen,…

Oil Prices Inch Up on Fed Rate Cut Outlook

Oil prices edged up in early trade on Monday amid expectations of a US interest rate cut this week, though gains were capped by US supply resumptions following Hurricane Francine and weaker China data.

Brent crude futures for November were up 15 cent…