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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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IMF called for energy sector reforms to eliminate quasi-fiscal losses and encourage investment, including by depoliticising gas and power tariff setting.
July 10th, 2019 - 07:46 GMT

IMF Approves Disbursal of First Tranche of $1 Billion Loan to Pakistan

Of the 34 awarded contracts, around 50 per cent went to high-caliber Saudi firms that have proven their ability to handle complex projects.
July 10th, 2019 - 07:33 GMT

Saudi Aramco Awards $18 Billion Contracts to Boost Production Capacity

CSIS's report points out that the counterfeit application even offers bogus SIM unlocking for $19.99.
July 10th, 2019 - 07:19 GMT

Google Suspends Samsung App Over Violating Policies

The Iraqi government said the ban would only last for one year as it intends to increase domestic production in Iraq
July 10th, 2019 - 06:57 GMT

The Reasons Behind Banning Turkish Products in Iraq

The vast restructuring -- which will see 18,000 job losses -- is forecast to cost 7.4 billion euros ($8.3 billion) and will shrink the bank’s capital buffers.
July 10th, 2019 - 06:13 GMT

Deutsche Bank Continues Its Restructuring Process in New York, Tokyo, London

Reports have previously linked DarkMatter to a hacking programme run by the Emirati authorities.
July 10th, 2019 - 06:13 GMT

Mozilla Prevents UAE from Becoming Internet Gatekeeper Fearing It Would Spy on Internet Users

The weaker global economic outlook is keeping oil prices under downward pressure
July 9th, 2019 - 01:00 GMT

Oil Prices Plummet Amid Trade Disputes

Egyptian markets saw an average revenue per available room (RevPAR) growth of 24 per cent in the first five months of 2019 compared to the same period last year.
July 9th, 2019 - 12:00 GMT

Egypt Hospitality Market Witnesses Strong Growth in Performance Levels

The business council meeting evaluated trade between the two countries
July 9th, 2019 - 10:30 GMT

Jordan, Tunisia to Increase Bilateral Trade

The economic analysis found Jordan incurred losses of JD1.6 billion in 2015, representing 6 per cent of overall GDP, due to widespread consumption of tobacco. 
July 9th, 2019 - 10:00 GMT

Tobacco Costs Jordan 6 Percent of Its GDP

The workers would receive training in various sectors, including driving and nursing, and earn higher wages.
July 9th, 2019 - 09:54 GMT

50,000 Ethiopian Workers to Be Sent to UAE

There is the 20% option and there are options even higher than that but each in its own place.
July 9th, 2019 - 09:30 GMT

Iran Mulls 20 Percent Uranium Enrichment as Next Step in Reducing Nuclear Deal Commitments

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