Business

OPEC+ Approves 206,000 bpd Output Hike

Vienna: The eight member countries of the OPEC+ group, including Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, have approved an adjustment in production levels, increasing output by 206,000 barrels per day (bpd). This adjustm…

FIATA Webinar Explores Shipping Risks Amid Middle East Tensions

Doha: At the initiative of the Qatar Chamber, the International Federation of Freight Forwarders Associations (FIATA) has organized a webinar titled “Middle East Security Situation: Managing Legal, Insurance, and Operational Risks in Times of Disrupti…

QNB Warns Energy Shock Could Prompt ECB Policy Shift

Brussels: Qatar National Bank (QNB) has warned that an external shock in the energy sector could push the European Central Bank (ECB) into a difficult policy trade-off, as rising inflation risks collide with weakening growth prospects.

According to …

US Jobs Growth Bounces Back in March, Unemployment Down to 4.3%

Doha: The US economy recorded stronger-than-expected job growth in March, contributing to a 0.1 percentage point decline in the unemployment rate to 4.3%. The US Department of Labor reported that the world’s largest economy added 178,000 jobs in March…