Europe
Brent crude is up 0.4 percent so far this week, while WTI has declined by 1.4 percent
This decision follows eight cuts since June last year as trade relations with the U.S. remain unclear
Analysts anticipate the central bank will resume cutting rates in either September or December
The dollar index fell 0.06 percent to 97.15 on Thursday, a more than two-week low
The program is backed by a $5.1 billion government contract starting in 2026
MoU further aims to promote visibility of capital markets through joint events and initiatives
GCC governments’ digitalization push fuels telecom resilient performance, expansion into Europe: S&P
Significant investments in AI and cloud services reflect GCC telcos’ commitment to future-proofing their businesses
U.S. dollar index trades near a one-week low, making gold cheaper for foreign buyers
U.S. tariffs on EU imports are expected to raise trade anxieties beyond the oil sector
The dollar's muted start to the week has supported the early rise in gold prices as the August 1 deadline for U.S. tariffs looms
Oil market's muted response reflects skepticism about the potential impact of the sanctions
