Browsing: markets

This initiative aligns with the government’s objectives to bolster market supplies, stabilize prices, and lessen the cost of living for citizens

The ever-higher prices reached by gold are turning Dubai’s traditional bazaar into more of a window-shopping experience.

Egypt’s annual urban consumer price inflation jumped to 35.7 percent in February from 29.8 percent in January, driven mainly by a rise in food and beverage prices, data from statistics agency CAPMAS showed on Sunday.

RIYADH: The Central Bank of Oman’s total foreign assets increased by 0.1 percent, reaching 6.73 million Omani rials ($17.49 million) as of Dec. 31, 2023, compared to the same period the previous year. 

According to data provided by energy company Enagas, Spain bought the equivalent of 5,337 GWh of LNG from Russia in February

Gold prices were poised for their biggest weekly jump in five months on Friday, hovering near a historic high, as Federal Reserve Chair Jerome Powell’s remarks cemented mid-year interest rate cut bets, ahead of a U.S. key jobs report later in the day.

Bitcoin touched a record high on Tuesday, fueled by investors pouring money into US spot exchange-traded crypto products and the prospect that global interest rates may fall.

The financial landscape in Egypt on Wednesday was nothing short of dramatic. Amidst a backdrop of anticipation and speculation, the Egyptian economy experienced pivotal changes that underscored the unfolding narrative of reform and adjustment.

NEW YORK: Oil prices rebounded slightly on Wednesday after extended declines as signs of supply tightness amid output cuts by major producers overrode demand growth concerns in China and the US, the world’s two biggest crude consumers, according to Reuters.

RIYADH: Saudi Arabia’s Tadawul All Share Index concluded its Wednesday trading at 12,561.90 points, marking an increase of 91.75 points or 0.74 percent.