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US Dollar Falls against Most Major Currencies

The US dollar fell against most major currencies in Wednesday’s trading.

The dollar index, which measures the strength of the greenback against six major currencies, fell 0.3% to 101.4.

Against the Japanese yen, the dollar fell 0.9% to 144.22 yen as…

Korea’s foreign reserves up for 2nd month in August

SEOUL: Korea’s foreign reserves increased for the second straight month in August on the back of the increased value of non-US dollar assets and investment gains, Yonhap News Agency reported, citing central bank data on Wednesday.

The country’s forei…

Saudi Arabia set to host Entrepreneurship World Cup finals

With the objective of attracting foreign investments and drawing pioneering projects to the country, Saudi Arabia announced Wednesday that it will host the Entrepreneurship World Cup (EWC) Finals from November 5th to 9th. The event will feature the t…

RAKBANK completes inaugural Tier 2 issuance of $250 million

ABU DHABI: RAKBANK has completed its first Tier 2 security issuance, raising US$250 million, the securities were issued with a maturity of 10.25 years and a non-call period of 5.25 years (10.25NC5.25), carrying a coupon rate of 5.875 percent.

In a pr…

QSE Index Drops 0.33% at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) dropped 34.60 points, or 0.33%, at the beginning of trading on Wednesday, down to the level of 10,348 points, compared to yesterday’s closing.

QSE index saw a rise in Telecoms by 0.10%; and Transp…

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