Author: Steven Sahiounie

By raising the daily mobile money transactions ceiling, Kenya Central Bank may have set into motion forces that will accelerate the rate of inflation in the country.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether

Oman has planned to invest over US$31bn by 2040 in the tourism sector, H E Azzan al Busaidi, Undersecretary for Tourism, stated at ITB Berlin.

The total number of citizens working in the private sector during the month of February reached more than 2.34 million

The MoU outlines a comprehensive joint work programme, focusing on key initiatives including tackling hand-carried gold in illicit trade

Most stock markets in the Gulf ended lower on Tuesday on falling oil prices as China’s economic reforms underwhelmed investors, although the Saudi index bucked the trend. Crude prices – a catalyst for the Gulf’s financial markets – slipped for a second day as concern over China’s plan for growth and uncertainty over the pace of U.S. interest rate cuts offset the prospect of a tighter market due to continued OPEC+ supply restraint.

Mainland Chinese stocks reversed early losses with the blue-chip CSI 300 up 0.7% LONDON – Global shares eased below their recent highs on Tuesday, as the start of China’s week-long annual session of parliament lacked any big-ticket stimulus plans, leaving investors disappointed, while bitcoin remained tantalisingly close to record peaks. Equity markets took a knock from a retreat from record highs on Wall Street on Monday, as the U.S. Federal Reserve showed no signs of being in a rush to cut interest rates. U.S. stock futures also pointed lower. Meanwhile, bitcoin hit a two-year peak of $68,828, just a whisker from…

Dollar steady versus euro ahead of ECB and US data, bitcoin in spotlight

Three-month copper on the London Metal Exchange (LME) dropped 0.2% at $8,524.5 per metric ton as of 1220 GMT

Shortly after 1330 GMT, gold advanced to $2,141.79 per ounce, surpassing its prior peak of $2,135.39 that was struck in early December, before pulling back slightly