Central Bank

Oil prices climb on China’s economic growth, Middle East tensions

Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel

How can banks stop fraud in a world of instant payments?

Lenders must use innovative approaches to gain customer trust and acceptance of instant payments

Qatar Central Bank’s foreign reserves surge 5.2 percent to $67.9 billion in March

The official reserves at the end of March 2024 increased by $3.11 billion

China to establish $70 billion re-lending program to support science and technology sectors

21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program

Oil prices decline as Middle East tensions ease: Brent crude falls below $90

Investors await consumer price index data from U.S. and China later this week

Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February

Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion

Oil prices surge above $90, reaching highest level since October

The rise in prices is fueled by geopolitical tension and supply concerns

CBUAE’s gold reserves surged to $4.88 billion in January 2024

The gold reserves recorded 7 percent year-on-year increase

Eurozone inflation drops to four-month low of 2.4 percent in March 2024

The market anticipates four ECB rate cuts, first in June

Türkiye’s inflation climbs to 68.5% as rate hikes fail to stem price rise

Education again saw the highest cost inflation at 104 percent year-on-year