Arada finishes another 1,000 homes at Masaar

SHARJAH: Sharjah developer Arada has finished the second and third phases at Masaar, the forested megaproject based in the Suyoh district of Sharjah. All 986 homes in the Kaya and Robinia districts have now begun the handover process as one of the UAE…

Oil Prices Rise After US Interest Rate Cut

Oil prices rose on Thursday after a large interest rate cut from the US Federal Reserve, but concerns over global demand lingered and capped gains.

Brent crude futures for November were up 36 cents, or 0.5 percent, to USD 74.01 a barrel, while WTI cr…

QSE Index Rises 0.32% at Start of Trading

– The general index of Qatar Stock Exchange (QSE) rose 33.33 points, or 0.32%, at the start of trading on Thursday, to reach the level of 10,440 points, compared to yesterday’s closing.

QSE’s figures showed an increase in the performance of most sect…

Gold Holds Gains after US Rate Cut

Gold prices stabilized Thursday after hitting a record high in the previous session after the Federal Reserve decided to cut interest rates significantly.

Spot gold was little changed at $2,562.85 per ounce, after scaling a record high of $2,599.92 o…

Gold prices rise

Bethlehem – Ma’an – Gold prices rose to their highest level after the US Federal Reserve cut interest rates by about half a percentage point.

Spot gold rose 0.9% to $2,592.39 an ounce, while US gold futures rose 0.2% to $2,598.60 at settlement.

Sou…

US Crude Inventories Hits Lowest Level Last Week

US crude oil stockpiles dipped to their lowest level in a year last week, while fuel inventories rose, the Energy Information Administration (EIA) said.

Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week ending Sept. 1…

US Stocks Close Slightly Lower

– US stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points.

The S and P 500 lost 16.37 points, or 0.29%, to end at 5,618.21 points, while the Nasdaq Composite los…