Market

Qatar’s IPI Rises by 0.4 Percent in February

Doha: The Industrial Production index (IPI) for February 2024 reached 99.1 points, an 8.2 percent decrease compared to the previous month (January 2024), whereas increased by 0.4 percent, when compared to the corresponding month in 2023.

This indicat…

UK Unemployment Rate Jumps to 4.2%

London, Britains unemployment rate rose to 4.2% in the three months through February, the Office for National Statistics (ONS) said Tuesday.

It is the highest level for nearly six months and up from 3.9% in the three months to January.

Most economis…

Japans Nikkei Ends at 8-Week Low

Tokyo, Japans Nikkei share average fell nearly 2% on Tuesday to close at an eight-week low as technology stocks tracked the overnight declines on Wall Street.

The Nikkei fell 1.94% to 38,471.20, its lowest close since Feb. 21. The index lost as much …

Oil Prices Rise

Singapore: Oil prices rose on Tuesday with Brent futures for June delivery rising 46 cents, or 0.5%, to $90.56 a barrel.

US crude futures for May delivery rose 43 cents, or 0.5%, to $85.84 a barrel.

The benchmarks rose on the back of solid economic …

IMF Expects Steady But Slow Growth for Global Economy in 2024

Washington: The International Monetary Fund (IMF) forecasted that the global economy is heading towards another year of steady but slow growth in 2024. This comes as the strength of the US economy is expected to outweigh the headwinds resulting from o…

Gold Rises on Growing Geopolitical Concerns

London, Gold prices rose on Tuesday, not too far away from a record high hit last week, as rising geopolitical tensions propped up demand for the safe-haven metal.

Spot gold was up 0.2% at $2,387.11 per ounce, after hitting an all-time high of $2,431…