Gold Rises on Increasing Fed Rate-cut Bets, Weaker Dollar
Gold rose on Wednesday as expectations of a US Federal Reserve interest rate cut in September gained traction following mild inflation data, while a weaker…
Tag: FINANCE
Vision 2030 Boosted Saudi Arabia’s Ability to Reassess Spending
Saudi Arabia’s Ministry of Finance said the kingdom is now better equipped to reassess its spending priorities during times of economic uncertainty, crediting reforms under…
Saudi Banking Sector Posts Highest Quarterly Profits in Its History
Saudi Arabia’s banking sector has achieved record-breaking quarterly earnings, reporting its highest-ever profits during the second quarter of 2025. According to financial disclosures, profits surged…
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MENA firms surge with fresh funding, bold pivots
Startups across the Middle East and North Africa are attracting fresh capital, forging strategic partnerships, and expanding into new verticals as regional innovation gains momentum.…
Saudi Arabia Pledges $25 Bln Investment to Support Africa
Saudi Arabia on Wednesday announced ambitious plans to scale up its diplomatic and economic presence in Africa, aiming to boost its investments on the continent…
Gold Market Holds in Narrow Range
Gold prices were stuck in range-bound trade on Thursday as investors awaited US non-farm payrolls data that could influence the Federal Reserve’s timeline for interest…
Qatar’s economy sees annual growth of 3.7%
Qatar’s economy expanded by 3.7 percent in real terms in the first quarter of 2025 compared to the same period a year earlier, driven primarily…
Nakheel issues $204m infrastructure contracts for Palm Jebel Ali, Dubai
Nakheel, part of Dubai Holding Real Estate, has issued three major contracts for infrastructure works on Palm Jebel Ali in Dubai, United Arab Emirates (UAE).…
Kuwait Plans to Return to Globat Debt Market
Kuwait plans to return to the global debt market this year and is expected to borrow between $10 to $20 billion during the current fiscal…
UK says Gulf trade deal next in line after sealing pact with EU
The UK government’s dealmakers are turning their attention to the Gulf after a series of trade agreements with Europe, Chancellor Rachel Reeves has said. On…