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The price of gold fell strongly, coinciding with the statements of the US Federal Reserve Chairman, Jerome Powell, in which he confirmed that the board will not stop raising interest rates until it sees a clear break in the inflation…
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Russia’s Federal Anti-Monopoly Service (FAS) said on Thursday it was conducting “anti-cartel” inspections at major sugar producers following a sharp increase in sugar prices and “unjustified” shortages in some regions as shoppers rushed to…
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UAE-based natural gas firm Dana Gas raised cash dividends by 45 percent for 2021 from a year earlier as it turned into profit. The company to pay 4.5 fils per share for the second half of 2021, bringing the total annual dividend to 8…
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Gold prices rose on Monday, but expectations of tighter monetary policy in the United States limited the precious metal's gains With US markets closed for a public holiday, spot gold rose 0.14 percent to $1819.70 an ounce by 17:05 GMT,…
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Japan’s defense ministry is seeking an annual budget increase that will add to past hikes to expand military spending over a decade by almost a sixth, as it looks to counter the growing strength of neighboring China. Since last year,…
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Saudi Arabia’s decision to raise the price of the oil it sells in Asia this month may prove costly as Chinese demand weakens amid a resurgence in coronavirus cases and the US and Russia seek to undercut the Kingdom’s product with cheaper…
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The price of bread in Syria doubled on Sunday and the cost of diesel fuel nearly tripled as the Assad regime confronted a cash crisis caused by 10 years of civil war and Western sanctions. Damascus has repeatedly raised fuel prices in…
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Turkey’s natural gas distributor BOTAS said on Thursday it had raised natural gas prices for residential use by 12 percent, for industrial use by 20 percent and for electricity production by 20.2 percent. The move comes shortly after the…
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