Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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The dollar remains steady with stable bonds as traders await key US jobs data, amid expectations that it will strengthen speculation of an interest rate cut this month.
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OpenAI plans to produce its own AI chip next year to meet increasing computing demands and reduce reliance on Nvidia.
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The dollar remained steady in early Friday trading as bond markets stabilized and investors awaited US jobs data that could lead to an interest rate cut this month. US jobless claims rose more than expected, paving the way for the crucial nonfarm payrolls report.
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Arabica coffee futures prices increased after the US imposed a 50% tariff on Brazilian coffee imports, with expectations that prices will continue to rise due to global stock shortages.
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The dollar remained steady on Friday as bond markets stabilized and investors awaited US jobs data that could increase expectations for an interest rate cut. Data showed a higher-than-expected rise in US jobless claims, setting the stage for the crucial nonfarm payrolls report.
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The Japanese Nikkei index rose after U.S. President Donald Trump signed an order to reduce tariffs on Japanese cars. The Nikkei climbed 0.73% to 42,890.85 points, with analysts expecting it to reach 44,000 points next week.
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Gold prices rose Friday, marking their best weekly gains in three months amid expectations of a US interest rate cut, while markets await US non-farm payroll data due today.
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Oil prices declined for the third straight day as investors await the upcoming OPEC+ meeting to discuss production increases. US crude inventories unexpectedly rose last week.
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Jordan is advancing the new 'Omra' city project to accommodate urban expansion in Amman and Zarqa, facing major challenges in funding and implementation, with ambitions to provide better housing and smart services at affordable prices.
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US President Donald Trump announced that the United States will soon impose "relatively large" tariffs on semiconductor imports, while exempting companies that build factories domestically from these tariffs.
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