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The bills included QAR300 million for a 7-day term (Tap Issuance) at an interest rate of 5.7815 percent
This $299.49 million auction is part of the Islamic T-Sukuk issuance program for August 2024
Gold prices gained almost 3 percent in the last 30 days, marking their second consecutive monthly gain
Brent oil futures for October rose 0.2 percent to $80.08 a barrel
Traders priced in a 65.5 percent chance of a 25-basis-point cut and a 34.5 percent chance of a bigger 50-basis-point reduction
Brent oil futures for October delivery dipped slightly to $78.62 a barrel
Markets now await the release of the U.S. PCE data, the Federal Reserve's preferred measure of inflation, on Friday
Egypt's economic growth to increase to around 5.5 percent as structural reforms to strengthen the business climate pay off
Traders now see a 70 percent chance of a 25-basis-point rate cut and about a 30 percent chance of a bigger 50-basis-point reduction
Term deposits exceeding 12 months recorded AED44.48 billion at the end of May, up by 0.52 percent
The dollar hovered near its lowest level in 13 months, making gold cheaper for other currency holders
Brent oil futures for October delivery advanced 0.8 percent to reach $79.59 per barrel
Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel
The bills carry an issue date of August 25, and are scheduled to mature on February 23, 2025
U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase
Brent oil futures fell 0.1 percent to $75.95 a barrel
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped
Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel
This growth is driven by technological advancements and changes in the financial sector, leading to greater security and efficiency
This move reflects TCMB's commitment to a cautious monetary policy, balancing inflation control with economic risks
Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel
U.S. dollar index fell to a seven-month low in the previous session, further supporting dollar-denominated gold
