Ooredoo to Develop Cybersecurity Solutions Partnering with Qatar Airways, Fortinet
Doha: Ooredoo has entered a strategic partnership with Qatar Airways, together with Fortinet, a global leader in cybersecurity, to implement a hybrid multi-cloud environment and develop advanced solutions for cloud cybersecurity.
This strategic partn…
Aamal Reports 12.1% Increase in Net Profit in H1 2024
Doha: Aamal (Q.P.S.C.) disclosed the interim financial statement for the six months ending June 30, 2024. The financial statements revealed a net profit of QR 188,363,443 compared to a net profit of QR 166,767,456 for the same period of the previous y…
Commercial Bank Closes USD 500 Million Syndicated Term Loan Facility
Doha: Commercial Bank has successfully closed a 3-year USD 500 Million Syndicated Term Loan Facility led by Bank of America, Mizuho Bank, and SMBC Bank as joint coordinators and Bookrunners of the facility.
According to a statement by the bank, the s…
Dollar Falls to Lowest Levels Against Japanese Yen in Two Months
The dollar fell to its lowest levels in more than two months against the Japanese yen on Wednesday, with the decline in yen selling in financial carry transactions ahead of the Japan Central Bank’s meeting next week.
The dollar index, which measures …
Yen Jumps on Commodity Currencies to its Highest in Two Months
Commodity currencies slid to multi-week lows on Wednesday on the back of weakening raw material prices with the heaviest selling against the yen, which surged to its highest in two months as short sellers bailed out ahead of a central bank meeting.
T…
Gold Up as Investors Await US Economic Data
Gold prices inched higher on Wednesday, with investors awaiting US economic data that could influence the Federal Reserves rate-cut timeline.
Spot gold was up 0.3% at $2,416.62 per ounce, and US gold futures gained 0.4% to $2,417.10.
As for other pr…