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Category: Business 5830

For the First Time Since 1996: Gold Surpasses Treasury Bonds in Global Central Bank Reserves
Business
  • 1 mins read

For the First Time Since 1996: Gold Surpasses Treasury Bonds in Global Central Bank Reserves

For the first time since 1996, gold has surpassed US Treasury bonds in global central bank reserves, with its price rising over 28% in 2025 supported by rate cut expectations and geopolitical tensions. Gold is becoming a key strategic asset amid an unstable economic environment.

Gulf States Recycling Their Oil Wealth: A $3.2 Trillion Investment Boom in Artificial Intelligence
Business
  • 1 mins read

Gulf States Recycling Their Oil Wealth: A $3.2 Trillion Investment Boom in Artificial Intelligence

Gulf countries are undergoing a strategic shift by redirecting oil revenues into massive artificial intelligence investments worth $3.2 trillion over the next four years, led by Saudi Arabia, the UAE, and Qatar.

Emirati Appointed Vice President of the International Pharmaceutical Federation's Supreme Council
Business
  • 1 mins read

Emirati Appointed Vice President of the International Pharmaceutical Federation's Supreme Council

Dr. Nadia Rashid Al Mazrouei was appointed Vice President of the Supreme Council of the International Pharmaceutical Federation at the annual meeting in Copenhagen, outperforming competitors from the US and India with strong Gulf and Arab support.

UAE Stocks Midweek: Optimism After Quick Rebound | Al Khaleej Newspaper
Business
  • 1 mins read

UAE Stocks Midweek: Optimism After Quick Rebound | Al Khaleej Newspaper

UAE stock markets saw a quick rebound on Tuesday with Dubai's index rising 0.7% to 6010.89 points and Abu Dhabi's index increasing 0.24% to 10034.1 points amid total liquidity of 1.9 billion dirhams.

"Adnoc Gas".. Global Confidence from 15 Leading Financial Institutions to Continue Growth
Business
  • 1 mins read

"Adnoc Gas".. Global Confidence from 15 Leading Financial Institutions to Continue Growth

Adnoc Gas shares have received positive recommendations from 15 leading financial institutions, reflecting investor confidence in the company’s sustainable growth and strong financial performance in Q2 2025.

Minister of Labor: Inspection Campaigns on Companies to Ensure Minimum Wage Compliance
Business
  • 1 mins read

Minister of Labor: Inspection Campaigns on Companies to Ensure Minimum Wage Compliance

Minister of Labor Mohamed Gabrán announced that the National Wage Council sets the minimum wage, which was approved at 7,000 Egyptian pounds in January. The ministry will conduct inspection campaigns to ensure compliance across private sector companies.

Oil Stabilizes Amid Anticipation of OPEC+ Meeting | Al Khaleej Newspaper
Business
  • 1 mins read

Oil Stabilizes Amid Anticipation of OPEC+ Meeting | Al Khaleej Newspaper

Brent crude slightly declined while US West Texas Intermediate rose in Asian trading amid anticipation of the upcoming OPEC+ meeting. The market monitors the impact of US sanctions on Iranian oil smuggling and a drop in US crude inventories.

Safe Haven Battle: Are Investors Abandoning the Dollar for Gold?
Business
  • 1 mins read

Safe Haven Battle: Are Investors Abandoning the Dollar for Gold?

For the first time in nearly three decades, central banks' gold reserves worldwide have surpassed their holdings of U.S. Treasury bonds, reflecting declining confidence in the dollar and signaling a new global economic shift.

Government: Tourism Sector to Take a Large Share of Qatari Investments
Business
  • 1 mins read

Government: Tourism Sector to Take a Large Share of Qatari Investments

Advisor Mohamed Al-Homsani announced that the tourism sector will occupy a large part of the direct Qatari investments valued at 7.5 billion dollars, with the government soon revealing details of investment agreements aimed at attracting Arab investments.

Gold Continues Record Rise Benefiting from Interest Rate Cut Bets
Business
  • 1 mins read

Gold Continues Record Rise Benefiting from Interest Rate Cut Bets

Gold prices continued their record rise above $3500 amid strong expectations of an interest rate cut by the US Federal Reserve in September, while holdings of the largest gold-backed ETF rose to the highest level since August 2022.

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