Author: Steven Sahiounie

Qatar’s Industrial Production Index experienced an uptick in the third quarter of 2023 to reach 105.08 points, marking a 1.7 percent increase from the previous quarter, according to official data.   

The total trading turnover of the benchmark index was SR5.24 billion ($1.39 billion) as 63 of the listed stocks advanced, while 154 retreated. 

During the visit, Bandar Alkhorayef emphasized attracting investments to contribute to the Saudi industrial and mineral sectors. 

Shares in Raiffeisen Bank International (RBI) rallied around 12% on Wednesday shortly after the banking group announced plans for its Russian unit to purchase a stake in Austrian construction giant, Strabag.

Finance Minister Anton Siluanov has warned that Moscow will respond in kind if the European Union decides to utilize profits generated from frozen Russian assets.

Shipping companies have redirected about $35 billion worth of cargo away from the Red Sea amid the risk of attacks from Houthi militants in Yemen, CNBC reported this week.

Vladimir Smerkis, the former chief executive of Binance in the Commonwealth of Independent States (CIS), has cautioned that the United States will persist in applying sanctions pressure on Russian cryptocurrency users.

Belgium’s imports of Russian liquified natural gas (LNG) grew sixfold in October, after five months of reduced purchases, RIA Novosti reports, citing EU statistical data.

Business sentiment in Germany has worsened for the first time since August, with the country likely facing a longer recession contrary to the expectations of analysts, a survey showed this week.

The US Treasury Department has imposed a ban on imports of Russian salmon, cod, pollock, and crab, as well as on seafood products obtained from their processing, an official statement published on Friday said.