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RIYADH: Saudi Arabia’s Tadawul All Share Index edged up for the third consecutive day, as it gained 31.54 points to close at 12,804. 

Crude prices soared to $86 per barrel on Monday, hitting a four-month high, with industry experts attributing the surge to China’s strong economic data and Ukraine’s drone attacks on Russian oil refineries.

“It is designed to cut untwined steel and aluminum wires and ground wires of power transmission lines that occur as a result of lightning strikes or corrosion,” the National Technology Initiative Platform said

MOSCOW, March 18. /TASS/. Brent oil futures with the settlement in May surged to $87 per barrel at the London-based ICE for the first time since November 3, 2023, according to trading data.

The near-consensus since the start of the pandemic has been that there are powerful fundamental factors keeping the neutral interest rate very low, and that there have been no major changes to those fundamentals

Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major global central banks including the U.S. Federal Reserve this week.

RIYADH: Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 12,772.46 points, witnessing an increase of 10.03 points, or 0.08 percent.    

Stock markets in United Arab Emirates declined on Friday, in line with global equities after a bigger-than-expected hike in U.S. inflation dashed hopes of early rate cut. MSCI’S global equity index was down 0.2%, while Hong Kong’s Hang Seng Index slid 1.4%. The mood turned cautious after a bigger-than-expected rise in producer prices in U.S. data on Thursday added to a hot consumer inflation reading earlier in the week.

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

RIYADH: Non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever, the Ministry of Economy and Planning said on Thursday.