Fitch adjusts its forecast for the price of Brent crude for the year 2024

Fitch adjusts its forecast for the price of Brent crude for the year 2024

Direct: Fitch Ratings Agency revised its short-term forecasts for oil prices, attributing this to OPEC’s control over supply and the ongoing dynamics in the energy market. According to new estimates, the price of Brent crude will reach $80 in 2024, compared to previous estimates of $75, according to the Middle East News Agency. The agency […]

Fitch adjusts its forecast for the price of Brent crude for the year 2024

Fitch adjusts its forecast for the price of Brent crude for the year 2024

Direct: Fitch Ratings Agency revised its short-term forecasts for oil prices, attributing this to OPEC’s control over supply and the ongoing dynamics in the energy market. According to new estimates, the price of Brent crude will reach $80 in 2024, compared to previous estimates of $75, according to the Middle East News Agency. The agency […]

US jobs exceed expectations and rise to 199,000, and unemployment falls to 3.7%

US jobs exceed expectations and rise to 199,000, and unemployment falls to 3.7%

Noha Makram-Live- US jobs rose faster than expected in November and unemployment fell despite signs of a weakening economy. US non-farm payrolls rose to a seasonally adjusted 199,000 during the month, which is slightly higher than the Dow Jones estimate of 190,000, and higher than the unadjusted October data of 150,000, according to the Labor […]

Fitch gives UAE banks a stable future outlook

Fitch gives UAE banks a stable future outlook

Abu Dhabi – Mubasher: Fitch, in its report entitled “Middle East Banks Outlook 2024,” gave UAE banks a stable future outlook. The agency expected that favorable business and operating conditions for UAE banks would continue in 2024, and real GDP growth would accelerate moderately to 3.9 percent in 2024 (2023: 2.3%); According to the report. […]

Qatari appeal ruling in favor of KAMCO

Qatari appeal ruling in favor of KAMCO

Kuwait – Mubasher: Kamco Investment Company announced the issuance of an appeal ruling in its favor from the State of Qatar in a financial claim case against the appellant, Hamad Abdullah Al Ibrahim Al-Attiyah, according to a statement from the Kuwait Stock Exchange today, Monday. The subject of the case relates to KAMCO filing a […]

US stocks rose at the end of trading on Tuesday

US stocks rose at the end of trading on Tuesday

Live: US stocks rose, at the end of Tuesday’s session, with bond yields declining after Federal Reserve Governor Christopher Waller’s statements that the economic slowdown may return inflation to its target, indicating that there is currently no justification for further raising interest rates. At the end of trading, the Dow Jones Industrial Average rose 0.25%, […]

European stocks fell at the end of trading on Monday

European stocks fell at the end of trading on Monday

Live: European stock indices declined at the end of the first session of the week, today, Monday, with the evaluation of economic data indicating that the growth in profits of industrial companies in China slowed significantly during the month of October, which raised concerns about the recovery of the second largest economy in the world. […]

Oil ends the week’s trading on a decline after the OPEC+ meeting was postponed

Oil ends the week’s trading on a decline after the OPEC+ meeting was postponed

Live: Oil futures prices closed today’s trading with a decline after the OPEC Plus meeting was postponed. Futures prices for standard Brent crude for January delivery fell by 1.7%, equivalent to $1.38, at $80.58 per barrel, ending the week almost unchanged, after a series of losses that extended over four weeks.. While the price of […]