Business

Exchange Rates in Qatar

Doha: Exchange rates for foreign currencies as issued on Tuesday by Qatar National Bank (QNB) are as following: Currency Buying Selling A.E.Dirham 0.97800 1.00100 Australian Dollar 2.42510 2.54480 Bahraini Dinar 9.44500 9.80600 Canadian Dollar 2.63710…

Kuwait Bourse Closes Lower

Kuwait Bourse closed Tuesday trading as the All Share Index lost 15.90 points to reach 7,101.66 points, a decrease of 0.22 percent.

As many as 128 million shares valued at KD 31.7 million (roughly USD 96.6 million) were traded.

The Main Market Index…

China’s Central Bank Pumps Over $94 Billion into Banking System

China’s central bank conducted 676 billion yuan (USD 94.77 billion) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday.

The central bank said that the move aims to offset the impacts of tax period and keep liquidity reasonable and …