News
Aramco Sees ‘Catastrophic Consequences’ for Oil Markets if Hormuz Strait Remains Blocked
4+ hour, 36+ min ago (1704+ words) Saudi Arabia's Aramco , the world's top oil exporter, said on Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. Oil shipments have been largely blocked…...
Gold Rises on Safe-haven Bid from Iran War
5+ day, 7+ hour ago (1533+ words) Gold prices rose on Thursday, lifted by safe-haven demand amid an escalating war in the Middle East, though a stronger dollar and concerns around the US Federal Reserve's monetary policy capped gains. Spot gold was up 0.4% at $5,156.11 per ounce as…...
Iran War to Weigh More on Indian Growth than Inflation, Keeping Interest Rates Low
5+ day, 13+ hour ago (1745+ words) The US and Israel's attack on Iran is expected to "weigh more on India's economic growth than its inflation, which will encourage the Reserve Bank of India to keep interest rates low, three sources familiar with policymakers' thinking and analysts…...
Gold Retreats as Firmer Dollar Offsets Geopolitical Safe-haven Support
1+ week, 14+ hour ago (1731+ words) Gold prices eased on Tuesday, pulled back by a stronger dollar, while investors assessed the impact of an escalating US and Israeli air war against Iran. Spot gold was down 0.4% at $5,305.23 per ounce, as of 0646 GMT. In the previous session,…...
Turkish Monthly Inflation Near 3%, Keeping Pressure on Central Bank
6+ day, 15+ hour ago (1673+ words) Turkish inflation cooled to 2.96% on a monthly basis in February while the annual figure rose to 31.53%, largely as expected, according to official data on Tuesday that tees up a tough rate decision for the central bank next week. Beyond the…...
ECB's Chief Economist Warns Euro Zone Inflation Could Surge on Lengthy Iran War
1+ week, 10+ hour ago (1175+ words) A prolonged war in the Middle East could cause a substantial spike in euro zone inflation and reduce economic growth, European Central Bank Chief Economist Philip Lane told the Financial Times in an interview published on Tuesday. A US and…...
Saudi Arabia Records Highest Quarterly Non-Oil Exports Since 2017
1+ week, 5+ day ago (1671+ words) Saudi Arabia recorded its highest quarterly level of non-oil exports since 2017 in the fourth quarter of 2025, highlighting a significant structural shift in the Kingdom's trade dynamics. Data from the General Authority for Statistics (GASTAT) showed that the merchandise trade surplus…...
IMF Unlocks Around $2.3 Billion for Egypt
1+ week, 5+ day ago (1586+ words) The International Monetary Fund (IMF) has unlocked around $2.3 billion for Egypt after its latest program reviews, it said on Wednesday. Egypt secured an expanded $8 billion package over nearly four years from the IMF in March 2024, contingent on a series of…...
US Stocks Fall as Iran Angst Lifts Oil Prices
2+ week, 5+ day ago (1280+ words) Wall Street stocks retreated early Thursday as worries over US-Iran tensions lifted oil prices while markets digested mixed results from Walmart. US oil futures rose to a six-month high as Iran's atomic energy chief Mohammad Eslami said no country can…...
Industry Ministry: Saudi Arabia Saw 220% Surge in Mining Licenses in 2025
3+ week, 5+ day ago (977+ words) The Saudi Ministry of Industry and Mineral Resources has announced record growth in the number of new mining exploitation licenses issued in 2025, showing a remarkable increase of 220% compared to 2024. The surge highlights the appeal of the mining investment environment and…...