economy
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China's central bank boosts gold reserves for the 16th consecutive month, and price forecasts are rising
The People's Bank of China continued its gold purchases for the 16th consecutive month, raising its reserves to 74.22 million ounces amid geopolitical tensions and price surges…
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Oil records its highest weekly gains since 1983 due to Middle East tensions
US crude oil jumps 35% in a single week, marking its biggest weekly gain since 1983. Fears of a Strait of Hormuz closure and Trump's statements…
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Oil prices jump to record highs as the Strait of Hormuz is closed
Oil prices surged, with Brent crude nearing $90 a barrel, following the closure of the Strait of Hormuz. Learn more about the crisis and its economic impact…
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Saudi Arabia: New requirements for engaging in petroleum-related activities
The Ministry of Energy has adopted requirements for engaging in petroleum products activities, mandating that stations maintain a required stock level and display prices to improve service efficiency and enhance safety
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International Monetary Fund: The global economy faces an energy and tensions test
Kristalina Georgieva warns of the impact of a 10% energy price increase on inflation and global growth, and reveals the differing preparedness levels of the Middle East and Asia to cope…
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Qatari Energy Minister: Oil could reach $150 amid Gulf tensions
Saad al-Kaabi predicts oil will reach $150 and Qatari gas supplies will cease. Learn about the repercussions of the force majeure declaration and the impact of the conflict…
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The Trump administration rules out Treasury trading in oil futures: reasons and details
A Bloomberg report reveals the Trump administration's reluctance to trade oil futures through the Treasury Department and its hesitation to use the depleted strategic reserve amid tensions…
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Aluminum prices post biggest weekly gains due to Middle East tensions
Global aluminum prices surged, posting their biggest weekly gain since 2024. Learn about the impact of Middle East tensions on metal supplies and markets…
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Gold prices in Egypt declined today, with 21-karat gold defying global expectations
Gold prices in Egypt fell unexpectedly today, with 21-karat gold dropping to 7,225 Egyptian pounds, affected by weak local liquidity despite…
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Russia considers cutting off gas supplies to Europe: price surge and global concerns
Russia is considering a complete suspension of gas exports to Europe. Novak confirms an emergency government meeting amid a 13% price surge and tensions in the Middle East…
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