China’s major state-owned commercial banks announced on Thursday reductions in deposit interest rates.

The one-year fixed-term deposit interest rate was cut by 10 basis points to 1.35 percent, according to the official deposit interest rates released…

Cairo, The Gulf of Suez Petroleum Company (GUPCO) is planning to drill five new wells in North Safa and Al Wasl oil fields in the Gulf of Suez to develop oil reserves that exceed 100 million barrels and increase oil

Doha: The Qatar Stock Exchange (QSE) index wrapped up this week’s trading down by 0.39 percent to stand at 10,098 points, while achieving a positive weekly performance of around 0.64 percent, achieving 1.3 percent gains since the beginning of July.

Manama, Bahrain All Share Index has closed at 1,975.11 points, marking a decrease of 3.15 points below the previous closing.

This decrease was due to the drop in the financial and industrial sectors.

Bahrain Islamic Index closed at 823.30 points,