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Stock markets on hold as investors await key US inflation data
Stock markets were mostly in wait-and-see mode as investors eyed the release this week of key US inflation data that...Market Report
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Bezos sells $2bn Amazon shares
Business
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Kuwait leads GCC market gains amid regional tensions
Despite challenges from regional tensions and fluctuating oil prices, sectors like F&B and pharma see notable increases, showcasing the diverse...Market Report
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‘Bond market acts as a mirror to economic realities’
"(US Federal Reserve Chair Jerome) Powell's focus on verifying inflation's trajectory is in line with the central bank's dual mandate...Business
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Qatar Central Bank issues treasury bills, sukuk worth US$686m
DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...Economy
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‘GCC set to dominate global cryptocurrency market’
“Oman is emerging as a standout in the regional crypto mining landscape, highlighted by its support of Exahertz, an Omani mining company. A significant investment of $1.1 billion is set to deploy over 800 megawatts, boosting Oman's role in the Bitcoin mining sector,” she adds, amid predictions for Bitcoin to hit the $100,000 mark.Business
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Saudi National Bank launches US dollar-denominated sukuk
RIYADH, SAUDI ARABIA - Saudi National Bank (SNB) commenced the US dollar-denominated senior unsecured sukuk issuance through a special-purpose vehicle. The sukuk are offered to qualified investors inside and outside Saudi Arabia. The amount and terms of offer of the sukuk will be determined subject to market conditions, the bank said in a statement to Tadawul. This announcement does not constitute an invitation...Business
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IOTA Foundation launches US$10m investment fund at Investopia 2024
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Foreign investments boost Saudi financial market
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