The proposed mandatory health cover requirement yesterday buoyed the insurance sector, lifting the sentiments in the Qatar Stock Exchange whose index surpassed the 10,100 levels.

HE the Undersecretary of the Ministry of Commerce and Industry (MoCI) Sultan bin Rashid al-Khater Thursday met Rodrigo Yanez, Chile’s Undersecretary for International Economic Relations and the accompanying delegation currently visiting Qatar.

The impact of Covid-19 in 2020 is estimated to have led to around a 7% reduction in global energy-related CO2 emissions; the GECF said and noted this decline, however, will be short-lived with a rebound in 2021 and 2022 as energy demand recovers.

The year 2021 has started off on a solid footing for Doha's commercial banks as their total assets expanded faster year-on-year than the country’s gross domestic product (GDP) this January, according to the Qatar Central Bank data.

Despite Covid-19 and slowdown in the growth of expatriate population, the annual fall in rents and capital values of residential units during 2020 was less compared to year-on-year (YoY) decline in 2019, the researcher said in its country report

US Treasury Secretary Janet Yellen called for greater transparency around the use of International Monetary Fund resources and on existing stocks of debt as global finance chiefs consider an expansion in the IMF’s lending firepower.

Emerging-market nations are looking at issuing the first nature-linked bonds as part of talks involving the World Bank and major sovereign creditors to make their debt more sustainable.

Traveloka, Southeast Asia’s largest online travel startup, plans to launch financial services in Thailand and Vietnam as it eyes a US listing through a blank-cheque company, its president said.

Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets yesterday, while traders were also taking heart from positive developments on the vaccine front.

President Joe Biden’s $1.9tn relief plan, plus the prospect of more stimulus later this year, is setting the stage for a shift away from historically low Treasury yields that’s likely to lead to a pickup in volatility in currency markets.

Wells Fargo & Co plans to sell its asset-management business to two private equity firms, part of chief executive officer Charlie Scharf’s efforts to dump non-essential operations and help the bank emerge from years of scandals.

Britain will resist “very firmly” any European Union attempts to arm-twist banks into shifting trillions of euros in derivatives clearing from Britain to the bloc after Brexit, Bank of England governor Andrew Bailey said yesterday.