June 24, 2024

Oil Extends Losses on Stronger Dollar

Oil prices fell in early Asian trade on Monday for a second straight session, weighed down by a stronger dollar after concerns of higher-for-longer interest rates resurfaced and cooled investors’ risk appetite.

Brent crude futures slid 40 cents, or 0…

China’s General Public Budget Spending Up 3.4% in Jan-May

China’s general public budget spending expanded 3.4% year on year to 10.8359 trillion yuan (about $1.52 trillion) in the first five months of 2024, China’s Ministry of Finance said Monday.

Education, social security and employment took the lion’s sha…

QSE Index Rises 0.23% at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 22.69 points, or 0.23%, at the beginning of trading on Monday, reaching 9,739 points, compared to yesterday’s closing.

The QSE general index was supported by a rise in five sectors:

Algeria, Turkiye Discuss Enhancing Economic Cooperation

Algeria’s Minister of Trade and Export Promotion Tayeb Zitouni discussed Monday with his Turkish counterpart, Omer Bolat, the means to enhance economic cooperation between the two countries.

In statements to the media, Zitouni said that Turkiye is “m…

QDB Renews Support for Entrepreneurs, Innovation Ecosystem

Doha: Qatar Development Bank wrapped up its 2024 Business Incubation and Acceleration Demo Day, with the participation of 14 startups that pitched their businesses to QDB partners, leading investors and experts. The event was held in partnership with …

Oil Prices Rise Amid Expectations of Increased Demand

Oil prices rose today as traders weighed the support from anticipated summer demand and geopolitical tensions, which offset the impact of a stronger dollar.

Brent crude futures increased by 15 cents, or 0.2 percent, to USD 85.39 a barrel, while

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