October 7, 2024

Oil Pares Gains after Strongest Weekly Rise in Over a Year

Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid rising geopolitical tensions.

Brent crude futures fell 43 cents, or 0.5%, to $77.62 per barrel. US West Texas Intermediate crude fu…

China’s Foreign Exchange Reserves Up 0.86%

China’s foreign exchange reserves totaled $3.3164 trillion at the end of September, up by $28.2 billion, or 0.86%, compared to the end of August.

China’s State Administration of Foreign Exchange said on Monday that the US dollar index declined, and g…

Gold Dips as US Jobs Data Cements Bets for Smaller Rate Cut

Gold prices eased on Monday as bets firmed for a smaller US rate cut in November after strong jobs data.

Spot gold slipped 0.2% to $2,647.49 per ounce. US gold futures were unchanged at $2,667.10.

The stronger-than-expected September jobs report, re…

Qatar’s Tourism Sector Roadmap Showcased

Doha: HE Chairman of Qatar Tourism and Chair of the Board of Visit Qatar Saad Bin Ali Al Kharji emphasised the tourism sector as a pivotal component in the countrys efforts towards economic diversification, which is crucial for driving sustainable eco…