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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
Both parties reviewed means to strengthen cooperation between the two entities and mechanisms to promote trade exchange between the two countries
NEW YORK/LONDON – World stocks climbed and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, while signaling that further moves could take a while.
Gold prices held firm on Friday and were set for their first weekly gain in three as traders stepped up bets that the Federal Reserve will start cutting rates soon, sending the dollar and Treasury yields lower.
The U.N. Food and Agriculture Organization’s price index, which tracks the most globally traded food commodities, averaged 120.4 points in May, up 0.9% from its revised April level, the FAO said
Ghana’s gold production rose 8.3% to 4 million ounces in 2023, data from the Ghana Chamber of Mines showed on Friday.
CAIRO: Saudi Arabia-based fintech Simplified Financial Solutions Co. has closed a $10 million seed round led by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund, and RAED Ventures.
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