Market

Gold Surges to New Record on Safe-Haven Demand, Fed Rate-Cut Bets

Doha: Gold surged to a fresh record high on Tuesday as investors sought safe-haven assets amid a prolonged US government shutdown and growing expectations of a Federal Reserve rate cut later this month. Spot gold rose 0.4% to $3,974.09 per ounce, trad…

QNB Group Reports 1% Increase in Net Profit for Nine Months

Doha: QNB Group’s net profit for the first nine months of the year reached QAR12.8 billion, marking a 1% increase compared to the same period last year.

According to Qatar News Agency, the data posted on the Qatar Stock Exchange website indicated t…

Qatar Chamber and ILO Explore Strengthening Bilateral Cooperation

Doha: Qatar Chamber’s Acting General Manager Ali Bu Sherbak Al Mansouri met with Director of the International Labor Organisation (ILO) Country Office for the State of Qatar Francesco d’Ovidio to discuss promoting joint cooperation.

According to Qat…

Dollar Rises as Yen Falls to Two-Month Low

Tokyo: The dollar index, which measures the greenback against a basket of currencies, added 0.05% to 98.17, while the yen weakened to a two-month low against the dollar. The yen lost 0.2% to 150.59 per dollar and earlier touched 150.62, marking its we…