Economy








Gold price rises almost 1.5% on risk aversion

NEW YORK: Gold rose nearly 1.5 percent on safe-haven buying triggered by worries that there could be an escalation of the military conflict in Ukraine and by a weak undertone in global equities.



TADAWUL: Insurance stocks outperform by 1.64%

Despite a plunge of 52 points after the Wednesday’s opening bell, the Tadawul All-Share Index (TASI) finished with a balmy gain 0.27 percent or 27.82 points, closing at 10,478.34.



‘Smart investor’ program reaches 4m children

The smart investor program (an awareness program of the Capital Market Authority) has been successful in expanding the scope of social, cultural, and economic activities in schools.



Qatar eases market rules

DOHA: Qatar’s Amir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies, part of reforms to expand the stock market and develop the financial industry.



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