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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 has extended by another six months its decision to not issue new visas for workers
June 2nd, 2019 - 09:00 GMT

Oman Extends Expat Visa Ban for Another 6 Months

Brent touched a session low of $64.37 a barrel, lowest since March 8.
June 2nd, 2019 - 08:30 GMT

US Sanctions Affect OPEC Output Despite Saudi Boost

The 54 percent that does look forward to a fatter paycheque sometime this year have their reasons to expect the hike
June 2nd, 2019 - 08:00 GMT

Will Salaries Actually Increase in UAE as People Are Expecting?

Terrorist actions not only target the kingdom and the Gulf region, but also target the safety of navigation and world oil supplies.
June 2nd, 2019 - 07:30 GMT

Saudi Arabia: Regional Terrorist Attacks May Threaten Oil Supplies

Huawei is one of the largest networking and telecoms equipment manufacturers, purportedly leading the 5G revolution.
June 2nd, 2019 - 07:00 GMT

What Do We Learn from Huawei's Controversies?

Personal wealth in the UAE is projected to continue to grow at 8 per cent compound annual growth rate.
June 2nd, 2019 - 06:30 GMT

This Is Why the Rich Choose UAE for Retaining Large Portions of Their Wealth

Washington and Beijing resumed their trade battle last month when trade talks in the US ended without a deal.
June 1st, 2019 - 06:00 GMT

China Fires Back by Raising Tariffs on US Goods

The new entity, Abu Dhabi Development Holding Company (ADDHC) was set up last year.
June 1st, 2019 - 02:00 GMT

Abu Dhabi Moves 7 State-Owned Companies to New Entity

Uber shares were up 3% to $41 in after-market trades that followed release of the earnings figures.
June 1st, 2019 - 12:00 GMT

Uber Reports $1 Billion Loss in Q1 Despite Rising Revenue, Monthly Users

The countries will seek to reach a final agreement in 2020.
June 1st, 2019 - 09:00 GMT

G20 Countries Mull New Tax Policy for Tech Giants

The UAE, along with Saudi Arabia, was the first in the GCC region to impose a 5 per cent VAT on good and services.
May 31st, 2019 - 06:54 GMT

5 Percent Increase in UAE Government Revenue Since VAT Implementation

The balance sheet of the GCC banking sector strengthened further in the first quarter as total assets continued to remain at one of the highest recorded levels
May 31st, 2019 - 06:00 GMT

UAE to Boast the Biggest Share of GCC Bank Assets at $682 Billion

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