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Category: Business

Qatar Central Bank Cuts Interest Rate

Qatar Central Bank announced a 55 basis point cut to its benchmark interest rate on Wednesday.

A QCB post on X said the move came following an assessment of the State of Qatar’s current monetary policy, based on the Monetary Policy Committee decision…

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European Shares Flat ahead of Fed Rate Decision

European shares were flat on Wednesday, as investors stayed on the sidelines ahead of an all-important interest rate decision by the US Federal Reserve that could mark the beginning of a monetary-easing cycle in the world’s largest economy.

The pan-E…

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Kuwait’s August trade surplus with Japan up 15 pct

Kuwait’s trade surplus with Japan widened 15.0 percent from a year earlier to JPY 76.9 billion (USD 521 million) in August, up for the first time in two months buoyed by strong exports, government data showed on Wednesday.

Kuwait stayed in black ink…

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US Stocks End Nearly Flat

US stocks closed nearly unchanged on Tuesday.

The S and P 500 gained 1.52 points, or 0.04%, to end at 5,634.61 points, while the Nasdaq Composite gained 34.82 points, or 0.20%, to 17,626.95.

The Dow Jones Industrial Average fell 5.19 points, or 0.01…

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SEDD showcases services at Sharjah Investment Forum

SHARJAH: The Sharjah Economic Development Department (SEDD) is taking part in the seventh Sharjah Investment Forum (SIF 2024), organised by the Sharjah FDI Office, “Invest in Sharjah.”

The forum, focused on a futuristic vision for smart economies, of…

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