Central Bank

Oil prices stabilize after steep declines amid U.S. rate hike fears, Venezuela sanctions

Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions

UAE gold prices remain stable as global rates surge on Middle East tensions

Central bank buying and geopolitical tensions drive gold's rally near record-high

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