Oil prices rose more than $1 today, reversing the previous days loss, amid concerns over a possible US recession reducing demand in the world’s largest oil consumer. Brent crude prices rose $1.25, or 1.6%, to $77.55 per barrel, while US West Texas Int…
Business
Dollar Suffers Sharp Losses amid Weaker Yen, Rate Cut Expectations
The US dollar suffered steep losses today, with the Japanese yen on the back foot after a sharp rise in the previous session as traders contend with unwinding of popular carry trades and the prospect of deep rate cuts from the Federal Reserve.
The do…
iGA CE: progress in digital transformation, operations and governance in H1 2024
Manama, Mohammed Ali Al Qaed, Information and eGovernment Authority (iGA) Chief Executive, said that the iGA achieved significant milestones in digital transformation, investing in emerging technologies, and enhancing IT governance policies in collabo…