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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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The improved growth will be driven by spending related to Expo 2020
June 25th, 2019 - 07:04 GMT

Dubai’s Economic Growth to Hit 3.7 Percent in 2020

The United States Fashion Industry Association (USFIA) also thinks that there no other viable alternative to Chinese suppliers for now.
June 25th, 2019 - 07:00 GMT

New Levies on Chinese Imports to Cost Americans $18 Billion a Year

ACWA Power and Silk Road Fund’s further collaboration is a mirror image of the robust and strategic ties between Saudi Arabia and China that is strengthened year after year.
June 25th, 2019 - 06:30 GMT

Silk Road Fund Acquires 49 Percent Stake in Saudi Arabia’s ACWA Power

Carrefour Group will retain a 20% stake in the business and two seats out of seven on Carrefour China’s Supervisory Board.
June 24th, 2019 - 01:00 GMT

Carrefour to Sell 80 Percent Stake in China to Suning.com

It said the average salary of expatriates working in both sectors was SR3,872 — SR3,980 for men and SR2,900 for women.
June 24th, 2019 - 12:00 GMT

Private Sector Companies in Saudi Arabia Pay 59% Less for Same Job in Public Sector

Facebook is unfortunately in the middle of a bad political decision-making process that Congress needs to address.
June 24th, 2019 - 11:30 GMT

The Difficulties Cannabis Related Companies Face on Social Media

The deflationary momentum began in Saudi Arabia and the UAE because the introduction of value-added tax (VAT) in 2018 created a high base for comparison.
June 24th, 2019 - 11:00 GMT

Deflation Continues to Rise in GCC as Consumer Prices Record Steepest Fall

Consumer prices in the GCC overall fell into deflation for the first time since 2000
June 24th, 2019 - 10:30 GMT

Oil Prices Rebound Amid Deflation Fears

The platform will help the FIU prevent money laundering, financing of terrorism and other illicit financial activities.
June 24th, 2019 - 10:00 GMT

UAE Launches First New Anti-Money Laundering Platform in GCC

The inflation rate stood at 9.8 percent in that year according to the Statistical Center of Iran and at nine percent according to the Central Bank of Iran (CBI).
June 24th, 2019 - 09:30 GMT

Inflation Rate Increases 3.4 Percent in Iran Hitting 37.6 Percent

The IMF stressed that reducing the country’s “external imbalances” depends on reaching a “market-determined exchange rate.”
June 24th, 2019 - 09:00 GMT

Tunisia Secures Part of IMF Loan but Debt Worries Rise

Iran exported some $24.06 billion worth of non-oil commodities to 15 neighboring and nearby countries last year ending March 20, 2019.  
June 24th, 2019 - 08:07 GMT

Iran to Export $32 Billion Worth of Goods, Services to 15 Neighbouring Countries

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