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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
The measure approved by Kazakhstan’s authorities early last month came into force on January 1
Russia’s foreign currency reserves have continued to grow, surpassing $593 billion as of December 22, the country’s central bank has reported.
Iran and Russia have officially abandoned the US dollar for mutual settlements after the countries finalized an agreement to trade in the ruble and the rial, Iranian news agency IRNA reported this week. The agreement was sealed during a meeting in Russia between the heads of the central banks of the two countries, the outlet said.
Gold prices are expected to rally further in 2024 as lingering uncertainty about the prospects for the global economy spurs safe-haven demand for the metal, Reuters reported this week, citing industry experts.
Most analysts polled by the newspaper believe the single currency bloc is already in a recession
The sovereign funds have been seized by the West as part of Ukraine-related sanctions
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