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Gold prices were subdued on Friday, hurt by a stronger dollar and higher Treasury yields, while investors looked ahead to next week’s U.S. inflation reading for clues on when the Federal Reserve could begin cutting interest rates.

CAIRO – Egypt’s annual urban consumer price inflation dropped to 29.8% in January from 33.7% in December, the state statistics agency said on Thursday, coming in well below analysts’ expectations.

Gold prices eased on Thursday as dollar ticked higher, with investors awaiting more cues on the timing of the U.S. Federal Reserve’s first interest rate cut this year, while palladium prices dropped to a fresh five-year low as demand concerns persist.

With traders now resigned to fewer rate cuts this year, they are also focusing on readings showing that US growth remained on track and jobs were still being created, all as inflation came down

Imports fell 2.5% from a year earlier to 715 billion dirhams, while exports increased by 0.2% to 429 billion dirhams, the regulator said

The share of the country’s transactions with other bloc members in national currencies has reached 85%, Elvira Nabiullina says

Only a “miracle” can reverse the problem, the renowned economist believes

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Tuesday, losing 266.84 points, or 2.18 percent, to close at 11,985.97. 

RIYADH: The global merger and acquisition market witnessed a 15 percent drop year-on-year to $3.2 trillion in 2023, marking its lowest level in a decade, according to recent findings.

The IMF forecast global growth of 3.1 percent in 2024, up two-tenths of a percentage point from its October forecast