Category: Business

Gold prices maintained firm in early Asian hours on Monday, bolstered by statistics showing that inflation in the United States has slowed, raising hopes that the Federal Reserve may begin decreasing interest rates this year.

The spot gold price rema…

BERLIN: Germany achieved a new record for renewable energy generation, covering some 58 percent of its electricity consumption in the first half of 2024 with wind, solar, biomass and hydropower.

This is the result of projections by the Centre for Sol…

Doha: The general index of Qatar Stock Exchange (QSE) rose 10.01 points, or 0.10 percent, at the start of trading on Sunday, to reach the level of 10,519 points, compared to Thursday’s closing, with backed by most sectors.

QSE’s figures showed a posi…

BEIJING: China’s courier sector handled more than 80 billion parcels in the first half of this year, the State Post Bureau said Monday.

Xinhua News Agency quoted data from the bureau as saying that the figure was achieved 59 days earlier than in 2023…

Tokyo stocks rose Monday morning after the Bank of Japan’s Tankan survey showed a better-than-expected improvement in sentiment among major manufacturers.

The 225-issue Nikkei Stock Average gained 104.32 points, or 0.26 percent, to 39,687.40.

The br…

HANOI: Vietnam’s government has implemented a value-added tax (VAT) reduction on goods and services, effective today until 31st December 2024, according to Vietnam News Agency (VNA).

The VAT rate dropped from 10% to 8%. This reduction excludes specif…

The euro rose on Monday, while the yen struggled to break away from a near 38-year low.

The euro was last 0.4% higher at $1.0759, around a two-week high.

Against the dollar, sterling rose 0.11% to $1.2659, while the Aussie dipped 0.07% to $0.66655.
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DUBAI: Nasdaq Dubai has welcomed the listing of US$400 million Sukuk by Arada Developments LLC, a UAE-based master developer.

This marks Arada’s second listing on Nasdaq Dubai and its first under their newly developed $1 billion Sukuk programme.

The…