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News
Investment Deputy Minister Highlights Saudi-China Economic Ties at CMF Select Shanghai 2026
39+ min ago (1163+ words) Deputy Minister of Investment for Economic Affairs and Investment Studies Dr. Saad Alshahrani affirmed that China is a strategic investment partner for Saudi Arabia, emphasizing that the next phase will focus on deepening bilateral investments, bolstering industrial partnerships, and building…...
Turkish August Monthly Inflation at 1.84%, Just Below Forecast
2+ day, 19+ hour ago (1368+ words) Turkish consumer price inflation rose to 1.84% month-on-month in August, just below expectations, while the annual figure was 31.51%, data from the Turkish Statistical Institute showed on Thursday. In a Reuters poll, the monthly inflation rate was forecast to be 1.93% and the…...
FAO: World Food Prices at Highest Since 2022 as Supply Risks Mount
1+ day, 20+ hour ago (1363+ words) World food prices rose in August to their highest since late 2022, as adverse weather and war disruption in the Gulf and Black Sea heightened concern over supply of staples, the United Nations' Food and Agriculture Organization said on Friday. Extreme…...
Gold Hits Over 3-week Low as Mideast Tensions Fan Rate-hike Fears
3+ day, 21+ hour ago (1642+ words) Gold fell to its lowest in more than three weeks on Wednesday as the escalating Middle East conflict lifted oil prices, stoking inflation and rate-hike fears, while investors focused on upcoming US jobs data. Spot gold nudged0.2% lower to $4,321.31 per ounce…...
Turkish Economy Grows Less-Than-Forecast 2.3% in Q2 as Domestic Demand Shrinks
5+ day, 18+ hour ago (1658+ words) Türkiye’s economy expanded 2.3% year-on-year in the second quarter, data showed on Monday, below forecasts as domestic demand shrank amid tight monetary policy and the Iran war impact. In a Reuters poll, economic growth was estimated to have risen by 2.9% in…...
Gold Hits Near Two-Week Low on Fed Chief’s Hawkish Stance
6+ day, 42+ min ago (1455+ words) Gold fell on Monday to its lowest in nearly two weeks after US Federal Reserve Chair Kevin Warsh signaled that interest rate hikes may be needed to ease price pressures, while escalating Middle East tensions fueled inflation fears. Spot gold…...
Gold Ticks Lower, US Inflation Data in Spotlight
1+ week, 3+ day ago (1675+ words) Gold slips on Wednesday after scaling a more than three-month high in the previous session, as investors awaited a key US inflation report to gauge the Federal Reserve's interest-rate path. The Fed's preferred inflation gauge, the US Personal Consumption Expenditures…...
Gold Steadies after Hitting over 3-month Peak, US Inflation Data Looms
1+ week, 4+ day ago (1644+ words) Gold held steady after hitting its highest in more than three months on Tuesday, as investor focus shifted to upcoming US inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. Spot gold steadied at $4,645.67 per…...
From Wells to Budget: Where Does Libya’s Oil Money Go?
1+ week, 6+ day ago (1652+ words) Libya depends on oil for nearly 98% of its income. Yet a central question persists: How are those revenues collected and spent in a country divided between rival governments? And why do Libyans complain of poverty when their country holds Africa’s…...
South African Rand Hits Strongest Level since Start of Iran War
2+ week, 1+ day ago (1007+ words) The South African rand strengthened on Friday to its strongest level since the United States and Israel launched attacks on Iran on February 28, as rising gold prices and a weaker dollar boosted the commodity-linked currency. At 1229 GMT, the rand traded…...