Business

Meethaq Islamic Banking has launched a Sharia-Compliant Equity Fund, in partnership with Bank Muscat’s Asset Management Unit.

The Fund is designed to capitalize on the growing potential of the economies in the Sultanate of Oman and GCC, providing inv…

Japan’s yen today hit its highest levels against the dollar since January 2024, as markets extended moves triggered last week after weak US labour data stoked recession worries and expectations of deeper rate cuts by the Federal Reserve.

The dollar i…

Oil futures extended losses in today’s session amid market volatility, as fears of a recession in the United States overshadowed concerns that escalating tensions in the Middle East could affect oil supplies.

Asian markets fell as investors abandoned…

Gold prices drifted higher today, aided by worries that the US could be headed for a recession and rising bets that the Federal Reserve will likely need to start cutting interest rates aggressively.

Spot gold rose 0.14 percent to USD 2,446.83 per oun…

The Sultanate of Oman’s overall oil exports during the first half of 2024 increased by 0.3% to stand at 153,362,300 barrels. The average price of a barrel was $82.2, according to the data of the National Centre of Statistics and Information (NCSI).

O…

Manama, Bahrain All Share Index has closed at 1,931.24 points, marking a decrease of 20.09 points below the previous closing.

This decrease was due to the drop in the financial sector and the real estate sector.

Bahrain Islamic Index has closed at 7…

Ramallah – Ma’an – Bank of Palestine, in partnership with the Welfare Association, has contributed to providing potable water for hundreds of families affected and displaced in shelters in the northern Gaza Strip, who are suffering from water scarcity…

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 215%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.

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