Market

QCB Foreign Reserves Rise 3.28% in July

Doha: International reserves and foreign currency liquidity at the Qatar Central Bank rose by 3.28% year-on-year in July, reaching QR 259.238 billion, compared to QR 250.981 billion during the same period last year.

According to Qatar News Agency, d…

Dollar Declines Due to US Economy Slowdown Concerns

Doha: The dollar continued its decline against a basket of major currencies Thursday, amid growing expectations that the Federal Reserve (US central bank) will cut interest rates to stimulate the economy. The dollar index, which measures the performan…

South Korea Logs Record High Current Account Surplus in June

Seoul: South Korea recorded its largest-ever current account surplus in June, driven by rising exports, central bank data showed Thursday. The country’s current account surplus reached US$14.27 billion in June, up from $10.14 billion the previous mont…