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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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Facebook CEO Mark Zuckerberg
July 13th, 2019 - 12:00 GMT

Facebook Faces $5 Billion FTC Fine, the Largest Given to a Technology Company

Non-Opec oil supply is forecast to grow by 2.4 mb/d in 2020, higher than in the current year.
July 13th, 2019 - 10:00 GMT

OPEC: Global Oil Demand in 2020 to Grow by 1.14 Million bpd

They have steadily declined since 2014 as Egypt sought to become a regional energy hub.
July 13th, 2019 - 08:28 GMT

Egypt’s Arrears to Foreign Oil Companies Declined to $900 Million at the End of June

It causes dirty water to evaporate and pass through membrane which cleans in.
July 11th, 2019 - 09:58 GMT

Researchers at Saudi University Invent Device to Solve Energy Shortages and Dirty Water Issues

The 777 Freighter is the world’s largest and most capable twin-engine freighter.
July 11th, 2019 - 09:45 GMT

Qatar Orders Five Boeing 777 Freighters

Automation is now a key driver for the full spectrum of industries, including ecommerce.
July 11th, 2019 - 09:16 GMT

Report: Middle East Logistics Market to Reach $66.3 Billion by 2020

Moody’s issued a report saying Jordan's debt-to-GDP ratio is expected to be on a gradually declining path as fiscal consolidation in the Kingdom is expected to resume this year and next.
July 11th, 2019 - 09:05 GMT

Foreign Direct Investments in Jordan Plummet by $33 Billion in Q1 2019

The eurozone/euro area or EA19 countries represents member states that use the single currency -- euro -- while the EU28 includes all member countries of the bloc.
July 11th, 2019 - 08:53 GMT

Eurozone's GDP Expectation for 2020 Slips to 1.4 Percent

Amid rising public outrage at the minimal tax paid by some of the world’s richest firms, French lawmakers are due to approve the proposed Digital Services Tax (DST) law as soon as Thursday.
July 11th, 2019 - 08:32 GMT

US Threatens France With Sanctions Over Proposed ‘Unfair’ Tax on Tech Giants

Unverified reports have even suggested that miners from China have launched several bitcoin farms across the country.
July 11th, 2019 - 07:05 GMT

Iranian Government to Authorize Cryptrocurrency Mining

Jordan’s exports to North American Free Trade Agreement (NAFTA) countries have increased by 2.5 per cent, including to the US by 3 per cent.
July 11th, 2019 - 07:04 GMT

Jordan’s Exports to EU Fall 2.6 Percent While Exports to US Surge 3 Percent

For sovereigns in the Middle East, investment risk is seen as the biggest challenge to investing in China.
July 11th, 2019 - 06:48 GMT

China’s Attractiveness Rating for Sovereign Investors Higher Than Peers Despite US-China Trade War

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