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Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets
November 10th, 2025 - 10:45 GMT
Albawaba Business

Albawaba Business

Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets

ALBAWABA- Gold prices surged 2% on Monday to their highest level in two weeks, driven by mounting expectations of a Federal Reserve rate cut next month and renewed safe-haven demand amid global economic and geopolitical uncertainty. A softer U.S. dollar further bolstered bullion’s appeal. According to Reuters , spot gold climbed 2% to $4,078.45 per ounce by 09:56 GMT—its strongest level since October 27—while U.S. gold futures for December delivery ...
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Oman’s dependence on imported goods has decreased, according to data from the National Centre for Statistics and Information.
July 16th, 2019 - 08:11 GMT

Oman's Imports Plummet by 9.1 Percent

The project will slash annual CO2 emissions by 3,243 metric tonnes.
July 16th, 2019 - 08:11 GMT

Dubai Installs Region's Largest Airport Solar Energy System

Work under the contract will be performed at the company's plant in Mesa, Ariz., with an estimated completion date of Dec. 31, 2024.
July 16th, 2019 - 08:08 GMT

Boeing Awarded $96.9 Million Contract to Provide UAE With Apache Helicopters, Training Support

Some banks are using robots to make their banking services easier to access.
July 16th, 2019 - 07:58 GMT

People Using Digital Banking in UAE Soar to 90 Percent

In March, Pakistan had partially opened its airspace but kept it closed for Indian flights.
July 16th, 2019 - 07:37 GMT

Indian Airlines Resume Flights Operations Over Pakistan Airspace

The largest of these was Careem'’ landmark exit to Uber.
July 16th, 2019 - 07:18 GMT

MENA Startup Funding Surges 66 Percent in H1 2019

Interior design is important in all spaces, especially those where people learn, teach and heal.
July 16th, 2019 - 06:52 GMT

'Workspace' to Focus on Wellness and Sustainability

UAE-based decision makers are more concerned about leveraging digital innovation to drive down operational costs.
July 16th, 2019 - 06:51 GMT

UAE Performs Better Than the Global Average in Four out of Five Technology-Related Capabilities

Within the UK, wind power is the largest source of renewable electricity and the second largest source of renewable energy after biomass.
July 15th, 2019 - 11:50 GMT

Saudi Firm to Invest $1.3 Billion in UK Renewable Energy

The trend in Abu Dhabi in the first half of the year has seen a shift towards affordability and competitive pricing.
July 15th, 2019 - 09:56 GMT

Rental Prices in Abu Dhabi Continues to Decline Throughout the Rest of the Year

The power sector continues to evolve throughout the region, driven by the need for countries to meet demand growth, diversify their economies and create efficiencies.
July 15th, 2019 - 09:56 GMT

$209 Billion Worth of Investments Required in MENA to Meet Demand in Power Sector

Average daily rate (ADR) rose 7.2 per cent to Dh339.31 ($92.3) .
July 15th, 2019 - 09:56 GMT

Abu Dhabi Hotel Occupancy Soars to 62.9 Percent in June

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