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Stocks and Markets
Saudi Arabia’s Industrial Production Index rose 1.6 percent in July, compared to the same month last year, driven by a surge in manufacturing activity
A Reuters poll had expected the rate to ease to 2.5% last month. The consumer price index fell 0.4% in February from January
Brent crude oil futures were down 45 cents or 0.6% to $84.83 a barrel at 1155 GMT, a day after topping $85 a barrel for the firs
Spot gold rose 0.1% to $2,162.10 per ounce, as of 1206 GMT. U.S. gold futures remained unchanged at $2,167.50
U.S. import prices increased marginally in February as a surge in the cost of petroleum products was partially offset by modest gains elsewhere, which bodes well for the inflation outlook.
The President of the US-UAE Business Council highlighted that US exports to the UAE support 125,000 jobs in the US
The North African nation stunned markets in February with a $35 billion land development deal with Emirati sovereign wealth fund ADQ
Mideast Discourse is a news website specialised on the latest events and developments in the Middle East and the world, and it is in Both languages Arabic and English.
