Gold Surges Above $5,000 as US–Iran Tensions Fuel Safe-Haven Rush Gold prices rebounded sharply on Wednesday, climbing back above the $5,000 mark as renewed geopolitical tensions between the United States and Iran reignited demand for safe-haven assets. Spot gold rose 2.9 percent to $5,082.94 per ounce by 0813 GMT, following a nearly 6 percent surge
Gold Surges Above $5,000 as US–Iran Tensions Fuel Safe-Haven Rush Read More »
Iraq Loses Up to 4,500 MW as Iranian Gas Supplies Are Suddenly Cut Iraq has confirmed that gas supplies from Iran have been completely halted, triggering a significant loss of power generation and adding pressure to the country’s already strained electricity system, the Ministry of Electricity said on Tuesday. In an official statement, the ministry
Iraq Loses Up to 4,500 MW as Iranian Gas Supplies Are Suddenly Cut Read More »
US Claims Higher Returns on Venezuelan Oil Sales After Maduro’s Ouster WASHINGTON — The United States is securing significantly higher prices for Venezuelan crude oil than Caracas did just weeks ago, according to US Energy Secretary Chris Wright, highlighting a dramatic shift in control and pricing following recent political developments in Venezuela. Speaking at a
US Claims Higher Returns on Venezuelan Oil Sales After Maduro’s Ouster Read More »
Saudi Crown Prince and Putin Reaffirm Energy Cooperation in High-Level Call on Global Stability Saudi Crown Prince Mohammed bin Salman held a telephone conversation on Tuesday with Russian President Vladimir Putin, during which the two leaders reviewed bilateral relations and discussed cooperation aimed at maintaining stability in global energy markets. According to the Saudi Press
Saudi Arabia’s Non-Oil Economy Maintains Momentum as PMI Signals Continued Expansion RIYADH — Saudi Arabia’s non-oil private sector continued to show strong expansion at the start of 2026, underscoring the resilience of the Kingdom’s economic diversification drive, according to the latest Purchasing Managers’ Index data released by S&P Global. The Riyad Bank PMI, compiled by
Saudi Arabia’s Non-Oil Economy Maintains Momentum as PMI Signals Continued Expansion Read More »
Kuwait to Open Offshore Oil and Gas Projects to Global Energy Firms Under Al-Seef Plan KUWAIT — Kuwait is preparing to invite international oil companies to participate in the development of newly discovered offshore oil and gas resources, as part of a strategic push to accelerate production and transfer advanced technology to the national energy
Kuwait to Open Offshore Oil and Gas Projects to Global Energy Firms Under Al-Seef Plan Read More »
Kuwait to Launch Driving Training Academies Under Stricter Licensing Reforms KUWAIT — Kuwait is set to establish specialized driving learning academies as part of a broader effort to tighten licensing standards, improve driver competence, and enhance road safety, Interior Minister Sheikh Fahad Al-Yousef Al-Sabah announced on Tuesday. Speaking at the National Forum for Transport and
Kuwait to Launch Driving Training Academies Under Stricter Licensing Reforms Read More »
IShowSpeed’s Rocky Stop in Algeria on Africa Tour Goes Viral ALGIERS — American livestreamer IShowSpeed, whose real name is Darren Jason Watkins Jr., saw his month-long Africa tour take an unexpected turn after a tense incident in Algeria went viral across social media platforms. The incident occurred on Saturday during Speed’s stop in Algeria, where
IShowSpeed’s Rocky Stop in Algeria on Africa Tour Goes Viral Read More »
Foreign Buying of Saudi Stocks Hits $1.33bn Ahead of February Rule Change RIYADH — Foreign investors made net purchases of approximately SR5 billion ($1.33 billion) in Saudi equities during January, marking the strongest monthly inflows since 2022 and underscoring rising global confidence ahead of a major regulatory shift in the Kingdom’s capital markets. The surge
Foreign Buying of Saudi Stocks Hits $1.33bn Ahead of February Rule Change Read More »
Dubai Financial Market Reports $288.6m Profit for 2025, Up 159% RIYADH — Dubai Financial Market has reported a sharp rise in profitability for 2025, posting a net profit before tax of 1.06 billion dirhams ($288.6 million), representing a 159 percent increase compared to the previous year. The strong performance was driven by sustained investor confidence
Dubai Financial Market Reports $288.6m Profit for 2025, Up 159% Read More »