Tokyo: The Bank of Japan raised interest rates today to their highest level in 31 years. The Bank’s Policy Board decided at its two-day monetary policy meeting, which concluded today, to raise the interest rate from 1 percent to 1.25 percent, its high…
Doha: Estithmar Holding QPSC announced that its financial arm, Masaref Holding LLC, has finalized the acquisition of a 48.68 percent stake in Syria’s Shahba Bank from Banque Bemo Saudi Fransi and Ahli Trust Bank following regulatory approvals.
Accord…
Doha: Gold prices rose more than 1% on Thursday as investors digested the US Federal Reserve interest rate hike and its signal that further policy tightening may follow, while an earlier rally in oil prices lost momentum. Spot gold was up 1.1% to $4,3…
Kuwait city: The price of Kuwaiti oil increased by USD 1.96 a barrel, reaching USD 126.30 in Wednesday’s trading session. This is an increase from USD 124.34 in the previous trading session, as announced by the Kuwait Petroleum Corporation (KPC).
Ac…