Browsing: Business

MENA Newswire, NEW YORK: Gold prices rose on Tuesday to their highest level in a week, supported by renewed expectations of an interest rate cut in the United States following remarks by officials at the Federal Reserve. The move marked

MENA Newswire, MUSCAT: The Council of Ministers of the Sultanate of Oman has approved the establishment of the Oman Global Financial Centre, marking a formal step in the country’s efforts to strengthen its financial sector and expand non-oil economic activity. The

MENA Newswire, MANAMA: Bahrain recorded real economic growth of 4.0 percent year on year in the third quarter of 2025, reflecting continued expansion across both oil and non-oil activities, according to official national accounts data released on Tuesday. Gross Domestic Product

MENA Newswire, SEOUL: The Republic of Korea’s foreign exchange reserves declined in December for the first time in seven months, official data showed on Tuesday, ending a steady run of monthly increases as authorities took measures to address heightened volatility in

MENA Newswire, CAIRO: Egypt has signed two memoranda of understanding with Syria to export natural gas and petroleum products, Egypt’s Ministry of Petroleum and Mineral Resources said on Monday. The agreements, concluded between the petroleum ministries of both countries, set out

CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital asset sectors. The alert follows heightened geopolitical tension in South America, where the

MENA Newswire, NEW YORK: Gold prices rose more than 1 percent on Monday, extending their recent gains as all major precious metals recorded strong performances at the start of the week. The rise marked a continuation of bullish momentum in

EuroWire, VIENNA: Austria’s economy is showing clear signs of stabilization as the new year begins, with official data pointing to steady improvement in employment levels and moderate economic growth following a period of recession. Figures released by the Austrian National

MENA Newswire, SEOUL: Foreign ownership in South Korean stocks climbed to its highest level in nearly six years in December, supported by strong foreign inflows and a rebound in the local equity market. Official data showed a sharp increase in

EuroWire, Brussels: Euro zone manufacturing activity contracted further in December as weakening demand and a renewed decline in new orders weighed on output, according to a closely watched business survey released on Tuesday. The data indicates that industrial conditions across