Doha: Fitch Ratings has affirmed Commercial Bank’s Long-Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. Fitch has also affirmed the Bank’s Viability Rating (VR) at ‘bb+’.
According to Fitch, Commercial Bank’s successful rating drivers …
Doha: Qatar Airways Group has Tuesday reported the strongest financial performance in its 27-year history, announcing record profits of QAR6.1 billion (US$1.7 billion) in its Annual Report for the 2023-2024 financial year.
The multiple award-winning …
Egypt Prime Minister Mostafa Madbouly, announced Tuesday, implementing of “South Med” project on the Northwestern North Coast with local investments of about one trillion pounds (USD 21 billion).
The project will be through partnership with the priva…
Singapore, Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible US interest rate cuts that could boost economic g…
Singapore, Gold prices were little changed on Tuesday as investors awaited comments from Federal Reserve Chair Jerome Powell and jobs data for further cues about the US interest rate outlook.
Spot gold was steady at $2,332.27 per ounce. US gold futur…
Somalia’s President Hassan Sheikh Mahmoud said that there were no negotiations between the federal government and Al-Shabab militias, Somali National News Agency (SONNA) reported on Tuesday.
The statement came during a speech delivered by President S…