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News
South Korea nears agreement worth over $100bln in US investments, WSJ reports
2+ day, 23+ hour ago (259+ words) The South Korean government is preparing to announce a major energy investment project in the United States worth more than $100 billion aimed at boosting artificial intelligence build-out, the Wall Street Journal reported on Thursday. The deal would see South Korea…...
ECB raises interest rates as Iran war fuels inflation fears
2+ day, 19+ hour ago (800+ words) The European Central Bank raised interest rates on Thursday for the second time this year, seeking to quell an energy-driven rise in inflation triggered by the Iran war. Attacks by both sides since the end of August have shattered a…...
Khaled Balama among the world’s highest-rated Central Bank governors in Global Finance’s 2026 Ranking
2+ day, 22+ hour ago (361+ words) Zawya Khaled Balama among the worldâs highest-rated Central Bank governors in Global Financeâs 2026 Ranking International recognition reflects the CBUAEâs strong performance in supporting monetary and financial stability, enhancing the resilience of the UAEâs financial system, and…...
Gold eases as strong US jobs data boosts Fed rate-hike bets
5+ day, 20+ hour ago (354+ words) Gold eased on Monday after a robust U.S. jobs report bolstered expectations of a Federal Reserve interest rate hike this month, while investors awaited key inflation data for further clues on the monetary policy outlook. Spot gold fell 0.8% to $4,392.88 per ounce…...
Gold rises as dollar and yields ease, with US nonfarm payrolls report in spotlight
1+ week, 3+ day ago (361+ words) Gold prices firmed on Thursday as the U.S. dollar and Treasury yields eased, while investors strapped in for U.S. nonfarm payrolls data that could help shape expectations for the Federal Reserve's next policy move. Spot gold rose 0.5% to $4,409.97 per ounce by 0219 GMT…...
Gold falls to lowest in more than three weeks on stronger dollar and inflation risks
1+ week, 3+ day ago (345+ words) Gold prices fell to their lowest in more than three weeks on Wednesday, pressured by a stronger dollar as the biggest exchange of fire between the U.S. and Iran since July threatened to fuel global inflation. Spot gold was little changed…...
Gold drops over 1% as Treasury yields rise; investors eye US jobs data
1+ week, 4+ day ago (343+ words) Gold fell more than 1% on Tuesday, pressured by elevated U.S. Treasury yields, while markets awaited key U.S. labour market data for fresh signals on the Federal Reserve's monetary policy outlook. Spot gold was down 1.8% at $4,369.24 per ounce by 1003 GMT, itslowest level since…...
Zinc and copper driven up by supply fears before retreating on strong dollar
1+ week, 5+ day ago (370+ words) Zinc prices hit a more than four-year high on supply worries while copper touched a seven-month peak on Tuesday before retreating under pressure from a stronger dollar and a global bond selloff. Benchmark three-month zinc on the London Metal Exchange…...
UAE participates in second G20 Finance Ministers and Central Bank Governors meeting
1+ week, 5+ day ago (324+ words) Asheville, United States: The UAE Ministry of Finance took part in the second meeting of G20 Finance Ministers and Central Bank Governors, held in Asheville, North Carolina, United States, on 31 August and 1 September 2026, under the United States’ 2026 G20 Presidency. Discussions focused on…...
RAK Chamber explores trade, investment opportunities at UAE-Lebanon Business Forum
2+ week, 1+ day ago (227+ words) Ras Al Khaimah Chamber of Commerce and Industry has explored new business and investment opportunities during its participation as part of the UAE’s official delegation at the UAE-Lebanon Business Forum. On the sidelines of the forum, Mohamed Mosbbeh Al Nuaimi,…...