Author: Steven Sahiounie

Three-month copper on the London Metal Exchange was down 1.3% at $9,698 a metric ton in official rings. It touched $9,988 a ton on Monday, testing the $10,000 mark

Saudi Arabia has welcomed an independent committee’s report on the performance of the UN Relief and Works Agency for Palestine Refugees, the Saudi Press Agency reported on Wednesday.The Saudi Ministry of Foreign Affairs said the Kingdom backed the report, which confirmed UNRWA’s main role in supporting the relief, humanitarian and developmental efforts of the Palestinian people.The ministry further reiterated Saudi Arabia’s emphasis on the importance of the commitment of donor countries to UNRWA to ensure the sustainability and effectiveness of all forms of support for refugees in a way that reduces their suffering, especially in light of the Israeli occupation’s…

Spot gold was down 0.7% to $2,311.07 per ounce by 9:09 a.m. ET (1309 GMT) after earlier hitting its lowest since April 5

Nabil Abu Rudeineh, the spokesperson for President Mahmoud Abbas, has squarely placed the blame on the U.S. administration for the recent Israeli threats and escalation in Gaza and the West Bank, including East Jerusalem. He particularly referred to the alarming reports concerning an imminent Israeli military offensive in Rafah, which “could result in massacres, disasters, and the displacement of civilians, marking the beginning of a period of long-term conflict.” In a press statement this evening, Abu Rudeineh emphasized that “the U.S. decisions to provide military and financial aid [to Israel], along with the use of veto in the UN Security…

The Earthna Prize was launched coinciding with the Earth Day and aims to diversify, educate, and activate the environmental movement worldwide

The top 10 military spenders in 2023 were the United States, China, Russia, India, Saudi Arabia, the United Kingdom, Germany, Ukraine, France, and Japan

LONDON/SINGAPORE – World stocks rose on Wednesday led by tech names as investors’ focus shifts to earnings from U.S. megacap bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of intervention from Japanese authorities.

Egypt in February signed a $35 billion investment partnership agreement with the United Arab Emirates to develop the peninsula, in one of the biggest deals of its kind

Such borrowing risks undermining the economy by expanding the money supply, fuelling inflation and causing the exchange rate to weaken against foreign currencies, economists say

The executive board of the International Monetary Fund will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the Fund said on Wednesday.