Category: Business

Oil prices rose 3 percent amid investor fears of a widening conflict in the Middle East and after a sharp drop in US crude inventories.

Brent crude futures climbed $2.09 a barrel, or 2.66%, to $80.72, for delivery in September. The more active Octobe…

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…

Federal Open Market Committee (FOMC) of the US Federal Reserve decided to maintain the target range for the federal funds rate at 5.25 to 5.5 percent.

Recent indicators suggest that economic activity has continued to expand at a solid pace, the Fed s…

Doha, July 31 (QNA) – The net profits of Khaleej Takaful Insurance Company (a Qatari public shareholding company) decreased by 1.87 percent in the first half of 2024 to reach QR 42.755 million , compared to QR 43.570 million in the same period last ye…

DUBAI: Dubai Aerospace Enterprise (DAE) today reported its financial results for the first half of 2024, logging a year-on-year (YoY) revenue increase to US$679.2 million.

Meanwhile, DAE’s profit before tax rose 22.7 percent YoY to $154.3 million in …

Bethlehem – Ma’an – The shekel fell against foreign currencies with the opening of the Israeli stock market this morning.

The dollar rose today by 0.911% and its representative price was set at 3.767 shekels.

The euro rose by 0.93%, and its exchange…

Federal Open Market Committee (FOMC) of the US Federal Reserve decided to maintain the target range for the federal funds rate at 5.25 to 5.5 percent.

Recent indicators suggest that economic activity has continued to expand at a solid pace, the Fed s…

ABU DHABI: Borouge Plc has reported a 33% year-on-year (YoY) increase in second-quarter net profit to $308 million, powered by higher sales and cost efficiencies as the company recorded its highest ever production volumes.

Adjusted earnings before in…