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Basra crude suffers weekly losses

Basra crude, heavy and medium, suffered weekly losses, coinciding with global oil recording weekly losses after 4 weeks of gains.

Basra Heavy crude closed in its last session yesterday, Friday, with a decline of 20 cents, reaching $81.08, and recorde…

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QNB Expects ECB to Implement 2 More Rate Cuts in 2024

Doha: Qatar National Bank (QNB) expects that the European Central Bank will implement two additional interest rate cuts, by 25 basis points, during the current year, as it continues to closely monitor price developments and labor market activity.

QNB…

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France’s Inflation Rate Retreats to 2.2% in June

Data from the French National Institute of Statistics and Economic Studies (INSEE) showed today that the inflation rate in the country retreated to 2.2 percent on an annual basis last June.

The institute’s data attributed this slight slowdown to weak…

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