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Economy Middle East Summit
Search Economy Middle East
United States
Markets
Dollar faces strain amidst rate cut speculations in holiday trading
The dollar index reached 101.54, close to its lowest levels
Logistics
Saudi Arabia posts SAR30 billion trade surplus in October
Oil exports recoded an 18.3 percent decline
Markets
Oil prices stabilize as focus shifts towards interest rates
Brent crude futures fell 26 cents or 0.3 percent to $79.13 per barrel
Markets
Gold rises, U.S. dollar declines in light of expected interest rate cuts
Lower interest rates decrease the opportunity cost of holding non-yielding bullion
Markets
Oil prices recover following Angola’s exit from OPEC
Brent crude futures increased by 0.64 percent to $79.92 per barrel
Logistics
IIF: GCC countries are straying away from U.S. dollar
Settlement of oil sales in currencies of Russia-friendly countries on the rise
Markets
Oil prices decline amidst rise in U.S. inventory, global trade concerns
Crude prices face headwinds as market focus shifts to slow demand and trade disruptions
Markets
Currency speculators lower expectations for the dollar: Will it lose power?
Adjustment came in response to a surge in demand for higher-yielding currencies
Economy
Federal Reserve maintains unchanged interest rate, foresees three cuts in 2024
Powell: Labor market is still constrained
Economy
U.S. inflation surges ahead of Federal Reserve’s rate decision
Fed unlikely to implement rate cuts early 2024
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