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Author: Steven Sahiounie
Gold prices extended their record rally on Monday, supported by speculative buying and continued tensions in the Middle East, which overshadowed strong U.S. job growth in March.
Investors weighed when the U.S. Federal Reserve will start cutting rates in the wake of yet another blowout jobs report
The International Air Transport Association’s (IATA) data for February 2024 global passenger demand said that total demand, measured in revenue passenger kilometres (RPKs), was up 21.5% compared to February 2023.
Saudi Arabia and Pakistan have committed to expediting the implementation of a previously agreed upon $5 billion investment package.
Egypt’s annual core inflation rate decreased to 33.7% in March from 35.1% in February, central bank data showed on Monday Egypt’s annual core inflation rate decreased to 33.7% in March from 35.1% in February, central bank data showed on Monday. Source: Zawya
Buoyed by a stronger-than-expected non-oil GDP growth in the UAE and Saudi Arabia, the Middle East economy remains robust, despite oil cuts and geopolitical turbulence, according to economists.
Elon Musk revealed Friday that Tesla will pull back the curtain on a robotaxi this summer, news that comes as adoption of self-driving vehicles hits speed bumps over safety concerns.
An Abu Dhabi investment firm and a Saudi conglomerate have bought into the largest office tower in Dubai’s financial hub, securing a slice of one of the world’s few upbeat commercial property markets.
The US will lose more than 30 gigawatts of solar energy during Monday’s total eclipse — roughly the output of 30 nuclear reactors — as sunlight is blocked during prime generating hours.
The Chinese economy is expected to grow by 5.3% this year as the property sector recovers and external demand improves, the ASEAN+3 Macroeconomic Research Office (AMRO) said on Monday.
