Browsing: markets

Federal Reserve officials at their last meeting acknowledged the U.S. economy appeared to be slowing and that “price pressures were diminishing,”

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 63.46 points, or 0.55 percent, to close at 11,658.66.         

SINGAPORE: Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of gains and holding near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns, according to Reuters.

Oil prices fell on Thursday, with investors turning cautious on expectations of lower demand as US employment and business data came in weaker than forecast

RIYADH: Saudi Arabia’s first-quarter current account surplus widened to SR28.6 billion ($7.6 billion), up 75.46 percent from the previous quarter, driven by strong services exports, an analysis showed. 

RIYADH: Saudi Arabia’s point-of-sale spending increased by 48 percent to reach SR12.34 billion ($3.29 billion) from June 23 to 29, with the education sector registering the largest surge.

Turkey has been battling a cost-of-living crisis that prompted President Recep Tayyip Erdogan to drop his opposition to interest-rate hikes to combat inflation.

SINGAPORE: Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains, according to Reuters.

RIYADH: The global market for carbon removal credits could reach $100 billion annually between 2030 and 2035, up from just $2.7 billion last year

RIYADH: Saudi Arabia’s sovereign wealth fund has reported strong financial results for 2023, achieving revenues of SR331 billion ($88.3 billion) from its diverse investment portfolio, marking over 100% percent growth from 2022.