rebound

Saudi Arabia’s economy is expected to “rebound” in 2024, according to an analysis by Riyadh Capital. The bank’s “Saudi Economic Chartbook” for the fourth quarter of 2023 outlines a projected continuation of solid growth for non-oil…
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Dubai’s non-oil private sector grew at its fastest rate since September 2022, as the Emirate’s Purchasing Managers’ Index hit 55.5 in March, according to S&P Global. In its latest Purchasing Managers’ Index report for Dubai, the…
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Oil prices slipped on Monday, along with stock markets in Asia, sparked by fears a global recession could dampen oil demand, with investors eying EU talks on a Russian oil embargo that is expected to tighten global supplies. Brent crude…
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Gold prices fell on Wednesday as higher US Treasury yields and a looming interest rate hike announcement by the Federal Reserve dented demand for zero-yield bullion. Spot gold was down 0.2 percent at $1,864.61 per ounce at 0438 GMT. US…
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Gold prices were flat on Monday, as the US dollar and yields firmed after strong jobs data raised the expectation of aggressive rate hikes, offsetting support from safe-haven demand fueled by a worsening Ukraine crisis. Spot gold was…
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Gold prices rose on Wednesday, supported by a dip in the US dollar and Treasury yields, though signs of progress in Russia-Ukraine peace talks dented the metal’s appeal as a safe haven and kept gains in check. Spot gold was up 0.3…
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Saudi Arabia’s net foreign assets rose 2 percent in June, recovering slightly from their lowest level in more than a decade as the Kingdom’s proceeds from sales of crude oil increased with the global oil industry gradually recovering from…
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