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Qatar Participates in 18th Meeting of GCC Customs Union Authority

Manama: The State of Qatar has participated in the 18th meeting of the Customs Union Authority of the Gulf Cooperation Council (GCC), held in Bahrain. HE Chairman of the General Authority of Customs and President of the Executive Council of the Custom…

European Stocks Close Lower Due to Rising Interest Rates

Ramallah: European stock indices closed lower today, impacted by the sharp rise in interest rates. Germany’s DAX index fell by 0.50 percent, and France’s CAC 40 index declined by 0.26 percent. Britain’s FTSE 100 index fell by 0.30 percent, and Italy’s…

New Zealand Central Bank Raises Official Cash Rate to 2.75%

Wellington: The Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate (OCR) by 25 basis points to 2.75% on Wednesday, marking its second consecutive rate increase. This move is aimed at bringing inflation back to its 2% target while simulta…