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Category: Business 9423

Gold Heads for Best Performance in 14 Years as Ounce Surpasses $3869
Business
  • 1 mins read

Gold Heads for Best Performance in 14 Years as Ounce Surpasses $3869

Gold reached a new record high of $3869.75 per ounce, gaining 11.4% in September so far, its best monthly performance since August 2011, amid expectations of interest rate cuts by the U.S. Federal Reserve.

Australia Keeps Interest Rate at 3.6%
Business
  • 1 mins read

Australia Keeps Interest Rate at 3.6%

The Reserve Bank of Australia has kept the interest rate at 3.6%, warning that third-quarter inflation may be higher than expected, leading to reduced expectations for monetary easing soon.

"Riyadh Book Fair" Launches This Thursday
Business
  • 1 mins read

"Riyadh Book Fair" Launches This Thursday

The Riyadh International Book Fair 2025 will open this Thursday with participation from 2,000 publishing houses from 25 countries, running from October 2 to 11 under the theme "Riyadh Reads" to promote reading and culture in Saudi Arabia.

114 Aid Trucks Including Solar Fuel Trucks Enter Gaza via Rafah Land Crossing
Business
  • 1 mins read

114 Aid Trucks Including Solar Fuel Trucks Enter Gaza via Rafah Land Crossing

114 aid trucks carrying food, medical supplies, and fuel crossed from Rafah land crossing towards Kerem Abu Salem to support Gaza, provided by local and international organizations.

Foreign Direct Investment Inflows to the Kingdom Rise by 36.4%
Business
  • 1 mins read

Foreign Direct Investment Inflows to the Kingdom Rise by 36.4%

Foreign direct investment inflows to the Kingdom reached about $1,050 million in the first half of 2025, marking a 36.4% increase compared to the same period in 2024. Arab countries accounted for 61.8% of these inflows, with Saudi Arabia leading at 26%.

Government Decides to Raise Gasoline and Diesel Prices
Business
  • 1 mins read

Government Decides to Raise Gasoline and Diesel Prices

The Petroleum Derivatives Pricing Committee has decided to raise the prices of 90 and 95 octane gasoline and diesel for October, while keeping kerosene and domestic gas cylinder prices unchanged. This follows a slight rise in global prices during September.

Anti-Dumping Investigation Launched on Saudi Arabia's Imports of Easy-Open Aluminum Beverage Can Lids from China
Business
  • 1 mins read

Anti-Dumping Investigation Launched on Saudi Arabia's Imports of Easy-Open Aluminum Beverage Can Lids from China

The General Authority for Foreign Trade has launched an anti-dumping investigation on Saudi Arabia's imports of easy-open aluminum lids from China, under the Trade Remedies System issued in November 2022 to protect local industry and defend exports.

Abundance of Euro Puts Moroccan Banks at Risk of Potential Losses
Business
  • 1 mins read

Abundance of Euro Puts Moroccan Banks at Risk of Potential Losses

Moroccan banks face significant challenges due to a large surplus of the euro currency, driven by transfers from Moroccans abroad and a recovery in tourism and exports, leading to halted euro purchases and potential losses.

Prime Minister Visits "Al Arabi - Toyoatchi" Factory in Menoufia and Inspects Site of Africa's Largest Refrigerator Factory
Business
  • 1 mins read

Prime Minister Visits "Al Arabi - Toyoatchi" Factory in Menoufia and Inspects Site of Africa's Largest Refrigerator Factory

Prime Minister Mostafa Madbouly visited Al Arabi Group's engineering glass factory in Menoufia and inspected the site for Africa's largest refrigerator factory in partnership with Sharp Japan, as part of the state's efforts to support and localize industry and attract investments.

Medical Sources: Over 500 Deaths from Cholera in Kadugli
Business
  • 1 mins read

Medical Sources: Over 500 Deaths from Cholera in Kadugli

Medical sources at Kadugli Teaching Hospital report over 500 deaths from cholera in Kadugli amid severe shortages of medicines and medical services. The city faces rising daily death rates and the spread of other diseases like malaria, worsening the health and living conditions of residents.

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