Please wait...
GulfBase Live Support
- Rafal to develop 4 hotels in Riyadh, Tilal Khuzam units accessible from $1,867 monthly: CEO
- Nasdaq tumbles on renewed angst over AI building boom
- Kuwait Airways, Sri Lankan Airlines strengthen codeshare agreement to expand travel
- Bahrain All Share Index, Islamic Index close higher
- Trump vows economic boom, blames Biden in address to nation
- Landmark India-Oman economic pact set to transform bilateral trade
- Ajman Bank launches digital extension scheme to boost smart services
- Tecom Group launches Dh615 million Innovation Hub Phase 4 in Dubai Internet City
- Global M&A deals hit $4.8bn on strong tech and AI deals
- Kuwait to award $3.9bn EPC contract for Al Kabeer Port Phase I
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.
For more on this Click Here
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 |
19/12/2025
President Donald Trump promised Americans an economic boom in an address to the nation on Wednesday, while blaming Democratic predecessor Joe Biden for high prices that have hit the Republican's popu
AFP
19/12/2025
A potent rebound in global M&A is on track to deliver the second-highest total deal value on record in 2025, at a projected $4.8 trillion for the year, up 36% versus 2024, according to a report by Ba
Trade Arabia
18/12/2025
German business sentiment fell to its lowest level in seven months in December, a survey showed Wednesday, with Europe's beleaguered top economy set to end the year on a gloomy note. The Ifo institut
AFP
17/12/2025
Asian markets extended losses with Wall Street on Tuesday as investors prepared for key US jobs and inflation data, while sentiment remains subdued by worries over a possible tech bubble.
Af
AFP
16/12/2025
Europe's embattled carmakers are hoping for a reprieve when Brussels unveils an auto sector package on Tuesday, which could water down an effective ban on new combustion engines initially slated for
Kuwait Times
Financial Information Co.
Saudi Arabia