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August 1, 2024

Bank of England Cuts Interest Rate to 5% in First Drop Since 2020

The United Kingdom’s (UK) interest rates have been cut for the first time in more than four years by the Bank of England amid slowed inflation signs.

The bank reduced rates from 5.25% to 5% following a vote by the Monetary Policy Committee.

“Inflati…

Ooredoo announces its half-year financial results for 2024

Ramallah – Ma’an – Ooredoo Palestine announced its financial disclosure for the first half of 2024 in accordance with the applicable laws and regulations in Palestine. The company’s disclosure statement showed positive performance in various indicator…

Ooredoo announces its half-year financial results for 2024

Ramallah – Ma’an – Ooredoo Palestine announced its financial disclosure for the first half of 2024 in accordance with the applicable laws and regulations in Palestine. The company’s disclosure statement showed positive performance in various indicator…

Shekel depreciates against dollar and euro

Tel Aviv – Ma’an – The value of the shekel fell against the dollar and the euro, and stock indices declined on the Tel Aviv Stock Exchange, following Israel’s assassination of Hamas political bureau chief Ismail Haniyeh and Hezbollah leader Fuad Shukr…

Oil prices jump nearly 3 % as US inventories fall

Oil futures jumped about three percent amid investor concerns about the expansion of the conflict in the Middle East, and after a sharp decline in US crude inventories.

Brent crude futures for September delivery rose $2.09 per barrel, or 2.66 %, to $…

Kurdistan Region transfers more than 74 billion dinars to Baghdad

The Ministry of Finance in the Kurdistan Regional Government announced today, Thursday, the transfer of more than 74 billion dinars of non-oil revenues to the federal Ministry of Finance.

The Ministry stated in a statement that “an amount of (74,844,…

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Sultan Haitham Embarks on State Visit to China

Muscat:His Majesty Sultan Haitham bin Tarik departed this morning for the People’s Republic of China on a two-day state visit. The visit comes in response to an invitation from President Xi Jinping of China.

According to Oman News Agency, His Majest…

Oman Engages in 27th ICDO General Assembly Session in Geneva

Geneva:The Sultanate of Oman has taken part in the 27th session of the General Assembly of the International Civil Defence Organisation (ICDO), which commenced today at the Geneva International Conference Centre.

According to Oman News Agency, the O…