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Qatar Index settles marginally lower at 11,111 points

Qatar Index settles marginally lower at 11,111 points

The Qatar Stock Exchange on Wednesday saw Islamic equities make gains even as it settled marginally lower but remained above 11,100 points.

Oil demand to rebound next month, says IEA

Oil demand to rebound next month, says IEA

Global oil demand has dropped for three straight months as Covid cases have risen in Asia but it is expected to bounce back next month, the International Energy Agency said on Tuesday.

China hires advisers on Evergrande as restructuring looms

China hires advisers on Evergrande as restructuring looms

China’s government is assembling a group of accounting and legal experts to examine the finances of China Evergrande Group, a potential precursor to a restructuring of the world’s most indebted developer.

Boeing raises jet demand forecast on pandemic recovery

Boeing raises jet demand forecast on pandemic recovery

Boeing revised up long-term demand forecasts on Tuesday, as a snapback in commercial air travel in domestic markets like the United States tempers the more gloomy industry predictions seen at the height of coronavirus lockdowns last year.

Relentless Europe energy surge prompts governments to step in

Relentless Europe energy surge prompts governments to step in

A relentless rally in Europe’s energy prices is piling up pressure on governments, with Spain and Greece taking steps to cushion the blow for consumers.

QIB expands direct remit service Philippines, Pakistan

QIB expands direct remit service Philippines, Pakistan

Qatar Islamic Bank (QIB), the country's leading digital lender, has expanded its direct remit service to the Philippines and Pakistan, following the successful launch to India, enabling its customers to make seamless transfers within seconds.

Cost of living rises 0.3% in August

Cost of living rises 0.3% in August

Higher transportation costs, reflecting the increased retail price of fuel, had its effect on the country’s consumer price index (CPI) inflation, which shot up 2.95% year-on-year in August 2021, according to the official statistics.

QSE crosses 11,100 points on strong buying interests

QSE crosses 11,100 points on strong buying interests

The Qatar Stock Exchange on Tuesday crossed the 11,100 points, mainly on strong buying interests in the industrials segment.

South Korea fines Google almost $180 mn for market abuse

South Korea fines Google almost $180 mn for market abuse

South Korea's antitrust watchdog fined Google nearly $180 million on Tuesday for abusing its dominance in the mobile operating systems and app markets, it said, the latest in a series of regulatory moves against tech giants around the world.

Opec sees stronger global demand for its crude this year and next

Opec sees stronger global demand for its crude this year and next

Opec predicted stronger demand for its crude on a combination of rising global fuel consumption and output disruptions elsewhere.

Turkish industrial output and current account data disappoint

Turkish industrial output and current account data disappoint

Turkish industrial output rose 8.7% annually in July, much less than forecast after a recent strong rebound, while the current account deficit was wider than expected, data showed on Monday, fuelling speculation about the timing of possible rate cuts.

Energy crunch deepening as US warns Europe isn’t doing enough

Energy crunch deepening as US warns Europe isn’t doing enough

Europe’s energy crunch is deepening, with gas and power prices hitting fresh records after the US warned the continent isn’t doing enough to prepare for what could be potentially a dire winter.

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