Business

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 …

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,…