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Oil Prices Rise on Fed Rate Cut Expectations

Oil prices extended gains on Monday on fears that an escalation in the Middle East could disrupt regional oil supplies, while imminent US interest rate cuts lifted the global economic and fuel demand outlook.

Brent crude futures climbed 37 cents, or …

China’s Fiscal Revenue Down 2.6% in Jan-July

China’s fiscal revenue dipped 2.6 % year-on-year in the first seven months of this year, official data showed Monday.

The January-July figure, however, rose 1.2 % after adjustment by deducting effects from factors such as favorable policies for micro…

Gold Extends Gains on Fed Rate Cut Hopes

Gold prices edged higher on Monday, extending gains from the last session as Federal Reserve Chair’s remarks solidified expectations of an interest rate cut next month.

Spot gold rose 0.2% to $2,516.09 per ounce.

US gold futures gained 0.2% to $2,55…

QSE Index Starts Trading in Green Zone

Qatar Stock Exchange index started Tuesday’s trading in green zone, rising by 60.75 points, or 0.59%, to reach the level of 10,276 points, compared to yesterday’s closing.

QSE general index was supported by a rise in all sectors: Banks and Financial …

Oil prices rise amid expectations of a US interest rate cut

Oil prices rose in Asian trading on Monday on concerns that an escalation in the Middle East could disrupt regional oil supplies, while imminent US interest rate cuts boosted global economic prospects and fuel demand.

Brent crude futures rose 37 cent…

Mubadala co-invests in UCB’s mature business in China

ABU DHABI: Mubadala Investment Company announced today that in partnership with CBC Group, Asia’s largest healthcare-dedicated asset management group, it has acquired 100% ownership in the carve-out of UCB Pharma’s mature business in China.

UCB, a gl…

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