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Category: Business 5830

Gold Breaks $3600 Barrier Amid Growing Bets on Interest Rate Cuts
Business
  • 1 mins read

Gold Breaks $3600 Barrier Amid Growing Bets on Interest Rate Cuts

Gold prices surged past $3500 and futures topped $3600 as investors increasingly expect the U.S. Federal Reserve to cut interest rates in September. The world's largest gold-backed ETF raised its holdings to the highest since August 2022.

Gold Continues Record Rise
Business
  • 1 mins read

Gold Continues Record Rise

Gold prices held above $3,500 today as investors anticipate a Federal Reserve interest rate cut in September. The SPDR Gold Trust's holdings reached their highest since August 2022.

In the Labyrinth of Circular 158 and Its Sisters
Business
  • 1 mins read

In the Labyrinth of Circular 158 and Its Sisters

Circular 158, issued in June 2021 after the banks' closure ended in October 2019, distinguished between dollar deposits before and after that date, causing major problems for depositors due to the application of circulars and their amendments amid political and financial dominance.

Gold Continues Its Record Rise
Business
  • 1 mins read

Gold Continues Its Record Rise

Gold prices remain above $3,500 amid expectations of a Federal Reserve interest rate cut in September, while holdings of the largest gold-backed ETF rose to their highest since August 2022.

Prince of Qassim Appreciates Prince Nayef International Airport Receiving International Accreditation
Business
  • 1 mins read

Prince of Qassim Appreciates Prince Nayef International Airport Receiving International Accreditation

Prince Dr. Faisal bin Mishaal, Governor of Qassim, expressed pride in Prince Nayef International Airport receiving international accreditation for customer experience from Airports Council International, highlighting the leadership's support to improve services and achieve high quality standards.

"Etihad Airways": We Have Sufficient Funding and No Timeline for IPO
Business
  • 1 mins read

"Etihad Airways": We Have Sufficient Funding and No Timeline for IPO

Etihad Airways CEO Antonoaldo Neves stated that the airline has no set timeline for an IPO due to having sufficient funding to support its $20 billion growth plan over the next decade.

Saudi Leadership Condoles Sudan's Transitional Sovereignty Council Chairman over Jebel Marra Landslide Victims
Business
  • 1 mins read

Saudi Leadership Condoles Sudan's Transitional Sovereignty Council Chairman over Jebel Marra Landslide Victims

King Salman and Crown Prince Mohammed bin Salman sent condolence messages to Sudan's Transitional Sovereignty Council Chairman General Abdel Fattah al-Burhan over the victims of the landslide in Jebel Marra, western Sudan, expressing sympathy to the families and the Sudanese people.

English Premier League Leads with Historic Spending of $4 Billion
Business
  • 1 mins read

English Premier League Leads with Historic Spending of $4 Billion

The English Premier League has solidified its status as the most competitive league with record spending of $4 billion in the summer transfer window, highlighted by Liverpool's record £125 million signing of Alexander Isak.

Finance and Renewable Energy Top the Agenda of the "World Green Economy Summit 2025"
Business
  • 1 mins read

Finance and Renewable Energy Top the Agenda of the "World Green Economy Summit 2025"

The World Green Economy Summit 2025 will be held in Dubai under the theme "Impactful Innovation: Accelerating the Future of the Green Economy," focusing on finance and renewable energy as priorities to address environmental challenges and achieve climate neutrality.

Dubai International Financial Centre Courts Launch Center for Amicable Dispute Resolution
Business
  • 1 mins read

Dubai International Financial Centre Courts Launch Center for Amicable Dispute Resolution

The DIFC Courts have launched a Mediation Services Center and Notarization Service to provide alternative amicable dispute resolution and advanced notarization services using AI and blockchain technology.

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