Business

QCB Governor Meets Governor of the People’s Bank of China

Doha: HE Governor of the Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al-Thani met with HE Governor of the People’s Bank of China Pan Gongsheng, on the sidelines of the 96th Annual Meeting of the Bank for International Settlements (BI…

Gold Declines Amid Growing Expectations of US Interest Rate Hike

Doha: Gold was on track for another weekly loss on Friday, pressured by a stronger US dollar and growing expectations that the US Federal Reserve will raise interest rates to curb inflation. Spot gold fell 0.9 percent to USD 3,991.49 per ounce during …

Oil Prices Fall as Shipping Resumes Through Strait of Hormuz

Doha: Oil prices fell by nearly 2 percent on Friday and were on track for sharp weekly losses as concerns over supply disruptions eased following the resumption of shipping through the Strait of Hormuz. Brent crude futures dropped by USD 1.50, or 1.99…