Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Hyundai is recalling about 135,000 Santa Fe SUVs due to a potential fire risk caused by a defect in the engine start unit cover installation in 2024 and 2025 non-hybrid models.
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The US dollar remained stable against most major currencies on Thursday and is heading for its best weekly performance in a year, supported by limited moves in competing currencies and slight rises in the yen and euro.
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Oil prices declined in early trading on October 9, 2025, driven by concerns over slowing global demand and weak economic data from major economies. Brent crude fell to $65.74 and West Texas Intermediate to $62.00 per barrel.
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Silver prices fell to $48.5 per ounce after reaching their highest level since 2011 at $49.57, supported by rising gold prices and expectations of US interest rate cuts. Silver is forecasted to reach $55 per ounce in the coming months.
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Japan's Nikkei index neared its all-time high, driven by a 13% surge in SoftBank Group's stock and a 10.5% rise in robotics manufacturer Yaskawa Electric's shares.
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Gold prices declined on Thursday after reaching a new record above $4,000 per ounce, amid expectations of U.S. interest rate cuts and global political unrest that led investors to take profits and seek safe-haven assets.
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The dollar is stabilizing and set to record its best weekly performance in nearly a year, boosted by yen weakness due to political changes in Japan and euro pressure amid France's political crisis.
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Oil prices declined in early trading on Thursday, with Brent crude futures falling 51 cents to $65.74 per barrel and US West Texas Intermediate crude dropping 55 cents to $62.
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Bitcoin price fluctuated around $122,169.80 on Thursday morning after falling from $124,000 to $121,000 within 24 hours, amid dollar stability and political unrest in Japan and France and a US government shutdown.
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The Algerian government plans to reduce the budget deficit by 35.5% to $40 billion in 2026, while increasing total spending to over $135 billion to boost economic growth and diversify the economy away from hydrocarbons.
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