Gold Rebounds From over One-month Low on Weaker Dollar
Gold reversed course and edged higher on Monday, supported by a weaker dollar, after hitting a more than one-month low earlier as easing US-China trade…
Category: FINANCE
Saudi Arabia Boosts Foreign Investment Inflows Surge 44%
Saudi Arabia is advancing rapidly toward its Vision 2030 goals, recording a notable surge in foreign direct investment (FDI) during the first quarter of this…
Shell says it is not considering buying BP
Shell has not bid for BP and is not actively considering such a move, it said today, adding it was bound by UK regulations which…
Morocco’s Central Bank Keeps Interest Rate Steady at 2.25%
Morocco’s Central Bank (Bank Al-Maghrib) has maintained its benchmark interest rate unchanged at 2.25%, stating that current borrowing cost levels remain consistent with inflation expectations.…
World Bank to Finance Syria with $146 Million to Restore Electricity
The World Bank approved a $146 million grant to help Syria restore reliable, affordable electricity and support the country’s economic recovery, it said in a…
Egypt courts Chinese investment in sectors amid economic reform
Egypt seeks to deepen economic ties with China as it pushes for foreign investment to support a broad programme of structural reforms and infrastructure upgrades.…
Is Bitcoin becoming too valuable to trade?
Bitcoin [BTC] is no longer behaving like the same asset it was a few years ago. In fact, a fundamental shift in investor behaviour is unfolding—one…
BYD’s Profit Margin Looks Good Amidst Price War Allegations
A hot topic in the EV world lately has been a reported “price war” controversy in China, and perhaps extending a bit beyond that. Some…
World Bank Expects GCC Economic Growth to Rise to 3.2%
Gulf Cooperation Council (GCC) economies showed resilience in navigating global uncertainties while advancing economic diversification in non-oil sectors, the World Bank said on Thursday, projecting…
OPEC+ Now Key Stabilizer of Oil Prices
Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday that the OPEC+ alliance has become a key stabilizing force for oil prices and the…