Business

QSE Index Closes 2.41 Points Lower

Doha: The Qatar Stock Exchange (QSE) index closed Tuesday’s trading session with a slight decrease of 2.41 points, or 0.02 percent, settling at 10,193.89 points.

During the session, 139,616,727 shares were traded, amounting to a value of QR 324,340,9…

QIB Profits Surge 5.6% in H1 2024

Doha: The net profits of Qatar Islamic Bank (QIB) increased by 5.6 percent in the first half of 2024 to reach QR 2.065 billion, compared to QR 1.955 billion in the same period in 2023.

Basic earnings per share for the six months ending June 30, 2024,…

Oman GDP Grows 1.7% During Q1 2024

The gross domestic product (GDP) of the Sultanate of Oman at constant prices increased by 1.7 percent to reach RO 9.537 billion at the end of the first quarter of 2024, compared to RO 9,373,900,000 at the corresponding period in 2023.

The preliminary…

Dollar Rises After Comments by Fed Chair on September Rate Cut

The dollar crept off five-week lows on Tuesday, as investors weighed the case for a September rate cut after comments by Fed Chair Jerome Powell.

The dollar index , which measures the US unit against six peers, was at 104.3.

The euro was at USD 1.08…