Market

QNB: US Federal Reserve Likely to Implement Two More Rate Cuts

Doha: Qatar National Bank (QNB) has reaffirmed its previous forecast that the US Federal Reserve will implement two additional 25-basis-point interest rate cuts. One of these cuts is expected next week, with the second likely to occur in the first qua…

Omani Oil Price Rises to $63.91 a Barrel

Muscat: The official price of Oman crude oil for February delivery was recorded today at $63.91, an increase of 34 cents compared to yesterday’s price of $63.57.

According to Qatar News Agency, the monthly average price of Omani crude oil for the cu…

Gold Prices Steady Ahead of US Inflation Data

Doha: Gold prices were little changed in early Asian trading on Friday as investors awaited key US inflation data for fresh clues on the Federal Reserve’s interest rate outlook ahead of next week’s policy meeting. Spot gold stood at $4,208.46 per ounc…