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Category: Business 9423

Wall Street Absorbs Weakness in the US Labor Market
Business
  • 1 mins read

Wall Street Absorbs Weakness in the US Labor Market

Global stock markets rose supported by gains in US technology stocks, while ADP data showed weakness in the US labor market with only 54,000 jobs added in August. Investors await the nonfarm payroll report and expect a US interest rate cut this month.

Congratulations to the Saudi Project
Business
  • 1 mins read

Congratulations to the Saudi Project

After 14 months of work, the Saudi Football History Documentation Project revealed a report covering the period from 1902 to 2025. The project highlights the development of Saudi football and shows that Al-Wehda was the first league champion in 1957, with Al Hilal leading clubs with 21 titles.

Gold Shines Brighter Amid US Economic Storms
Business
  • 1 mins read

Gold Shines Brighter Amid US Economic Storms

Gold prices have surged past $3,500 per ounce amid a weakening US dollar and rising market volatility. Institutional buyers like ETFs and central banks are purchasing gold regardless of price, supporting sustained price increases.

European Investigation into Possible "Criminal Offenses" in East Mediterranean Cable Project
Business
  • 1 mins read

European Investigation into Possible "Criminal Offenses" in East Mediterranean Cable Project

European prosecutors are investigating possible criminal offenses related to an EU-funded underwater power cable project linking Europe to the Eastern Mediterranean. The project, costing 1.9 billion euros, has faced delays and questions about its cost and feasibility, while Greece confirms its commitment.

"Economy and Tourism" Showcase Their Efforts in Developing Digital Services
Business
  • 1 mins read

"Economy and Tourism" Showcase Their Efforts in Developing Digital Services

The Ministry of Economy and Tourism held the second Bureaucracy Zeroing Forum in Dubai to highlight its efforts in developing digital services using AI and simplifying procedures for business owners and individuals, with attendance from senior government and private sector officials.

Irfaan Ali Announces Re-election as President of Guyana
Business
  • 1 mins read

Irfaan Ali Announces Re-election as President of Guyana

Irfaan Ali, the outgoing president of Guyana, announced his re-election in the presidential elections held Monday, promising to lift 850,000 citizens out of poverty through oil revenues. Guyana holds the world's largest oil reserves per capita and is experiencing high economic growth.

German Government Plans to Cut Its Support for Global Health Projects
Business
  • 1 mins read

German Government Plans to Cut Its Support for Global Health Projects

The German government plans to reduce its support for the Global Fund to Fight AIDS, Tuberculosis, and Malaria by 100 million euros in the coming years, allocating 370 million euros this year and 850 million euros for 2026-2028, according to the Ministry of Finance.

Russian Foreign Ministry Announces Meetings Between Lavrov and GCC Counterparts
Business
  • 1 mins read

Russian Foreign Ministry Announces Meetings Between Lavrov and GCC Counterparts

The Russian Foreign Ministry announced upcoming meetings between Russian Foreign Minister Sergey Lavrov and his counterparts from the Gulf Cooperation Council as part of the next round of the strategic dialogue between the two sides, during the Eastern Economic Forum in Vladivostok.

Gold Holds Gains Amid Expectations of US Interest Rate Cut
Business
  • 1 mins read

Gold Holds Gains Amid Expectations of US Interest Rate Cut

Gold prices stabilized near record highs, supported by expectations of a US interest rate cut and anticipation of US employment data this week.

Dollar Falls Against Major Currencies Amid Market Volatility
Business
  • 1 mins read

Dollar Falls Against Major Currencies Amid Market Volatility

The US dollar saw a significant decline today amid sharp market volatility, influenced by weak US labor market data and bond market tensions, boosting expectations of an interest rate cut this month.