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- Yamama Cement to upgrade production line being moved to new plant site
- Arabian Cement forecasts rise in cement demand in Saudi Arabia
- Microsoft laying off several thousand employees
- QSE index closes higher
- Bahrain All Share Index, Islamic Index close higher
- Abu Dhabi's hotel revenues surge to $230m in April
- Gulf Bank launches Bug Bounty and Vulnerability Disclosure Program
- Burgan Bank signs partnership with SAP to deploy SuccessFactors HRM system
- Al Mudhaibi Industrial City signs two investment agreements worth OMR5.75 million
- OPAZ invites bids for phase one of Al Rawdah water drainage project
30/04/2011 00:00 AST
The ringgit, which has remained firm at 2.96 per US dollar, is likely to extend its present uptrend next week.
A dealer said the ringgit was able to stay above the 3.00 mark due to continuous weakening of the US dollar and high commodity prices fueling speculation that policy makers in Asia would step up tightening efforts.
"With the speculation that Asian central banks will raise interest rates and US dollar remaining weak, ringgit will stay firm depending on Bank Negara Malaysia's stance," he said.
Such expectations would attract foreign funds seeking higher returns from the widening interest rate differentials between Malaysia and developed nations, especially the US which has keep rates low for an extended period.
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Business Times
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
03/07/2025
Microsoft on Wednesday said it was slashing a little less than four percent of its global workforce as it seeks to cut layers of middle management and leverage new technologies.
"We continue
AFP
03/07/2025
Global public debt rose to an all-time high of $102 trillion in 2024, representing a 7.36 percent increase compared to the previous year, according to a leading UN body.
Nearly one-third of
Arab News
02/07/2025
Most stock markets in the Gulf gave up early gains to close lower on Tuesday, as investors booked profits and turned cautious ahead of a US Senate vote on President Donald Trump's landmark tax and sp
Reuters
02/07/2025
Jordan aims to lower its public debt-to-gross domestic product ratio to 80 percent by 2028 under an International Monetary Fund-backed reform program, according to a government official.
Fi
Arab News
01/07/2025
The latest report by S&P Global highlights that geopolitical tensions and shifting trade policies could potentially have a negative impact on the global oil demand.
Premasish Das, Executive
Times of Oman
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia