Gold scaled another high on Wednesday, boosted by a softer US dollar and hopes of more interest rate cuts.
Spot gold rose 0.2% to $2,661.53 per ounce. Bullion hit an all-time high of $2,670.43 earlier.
US gold futures gained 0.3% to $2,686.10.
…
Oil prices fell on Wednesday as investors reassessed the ability of China’s stimulus plans to boost the economy enough to drive more fuel demand growth in the world’s largest crude importer.
Brent crude futures dropped 17 cents, or 0.2%, at $75 a b…
The dollar index fell more than 0.5% Wednesday after China’s aggressive stimulus moves on Tuesday buoyed risk appetite, with growing bets of another outsized US rate cut in November adding to headwinds for the greenback.
Against a basket of currenc…
Doha: The general index of Qatar Stock Exchange dropped 14.29 points, or 0.14 percent, at the start of trading on Wednesday, reaching 10,476 points, compared to Tuesday’s closing.
QSE index saw a rise in some sectors; Real Estate by 0.61%, both Insu…
Doha: A team of Qatari students has made a distinguished scientific achievement by winning the silver medal for the first time at the International Open Astronomy Olympiad, which was held in the city of Sochi, southern Russia, with the participation o…
Advisor to the Royal Court and Supervisor General of King Salman Humanitarian Aid and Relief Centre (KSrelief) Abdullah Al Rabeeah participated yesterday in the high-level side event organized by UNHCR under the title “The Role of Islamic Philanthrop…
According to the General Authority for Statistics (GASTAT), the value of merchandise exports increased during July 2024, reaching SAR94.5 billion, compared to SAR92.6 billion during July 2023, an increase of SAR1.9 billion, or 2.1%.
The value of oil…
Governor of Riyadh Region Prince Faisal bin Bandar bin Abdulaziz was handed over this year’s Saudi Games torch at Al-Hukm Palace today.
The handing of the torch is part of a promotional tour for the Kingdom’s largest national sporting event.
The go…
Diriyah Art Futures (DAF), a pioneering new media arts center in Saudi Arabia, announced the 12 successful applicants to its inaugural Emerging New Media Artists Program, which is launching later this year.
The program includes a diverse array of pr…
King Salman Humanitarian Aid and Relief Center (KSrelief) Supervisor General Dr. Abdullah Al Rabeeah met here yesterday with UNICEF Executive Director Catherine Russell, on the sidelines of the 79th session of the United Nations General Assembly.
Th…
Saudi Arabia participated in the United Nations Advisory Board on Artificial Intelligence (AI) meeting in New York City during the Future Summit, alongside representatives from 38 countries. Shura Council member Dr. Latifa bint Mohammad Al-Abdulkaree…
Secretary General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi met here yesterday with US Assistant Secretary of State for Near Eastern Affairs Barbara Leaf, on the sidelines of the 79th session of the United Nations General Assembly.
Albud…