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Energy & Commodities · Jun 11, 2026 · 6 min read
Gold prices stabilised on Thursday, 11 June 2026, after falling to their weakest levels in months, as investors covered short positions near…
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Global · Jun 10, 2026 · 4 min read
U.S. annual inflation accelerated to 4.2% in May 2026, the highest rate since May 2023, driven primarily by sustained energy price pressures.…
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Global · Jun 9, 2026 · 7 min read
The U.S. trade deficit narrowed modestly in April 2026, but the underlying data reveal a more important shift in the structure of…
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Egypt · Jun 8, 2026 · 8 min read
Egypt's banking sector is preparing for a major digital transformation milestone, as banks move closer to enabling customers to open accounts remotely…
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EU · Jun 8, 2026 · 6 min read
Shrinkflation has become one of the most visible consumer price issues of the post-pandemic inflation cycle. The term refers to a commercial…
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Global · Jun 8, 2026 · 3 min read
Goldman Sachs has revised its U.S. monetary policy outlook again, pushing its expected Federal Reserve rate cuts into 2027 after stronger-than-expected labor…
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Energy & Commodities · Jun 7, 2026 · 5 min read
Gold ended the first week of June under heavy pressure, recording one of its sharpest weekly declines in months as investors reassessed…
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EU · Jun 7, 2026 · 5 min read
The European Central Bank is expected to raise interest rates at its June 10 to 11 policy meeting, marking a significant shift…
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Global · Jun 6, 2026 · 6 min read
Technology Giant Expands Funding Plans as Demand for Artificial Intelligence Infrastructure Accelerates Alphabet, the parent company of Google, is undertaking one of…
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Egypt · Jun 6, 2026 · 5 min read
BP and Harbour Energy are preparing to expand their exploration activities in Egypt's Mediterranean offshore sector as the country seeks to reverse…
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Global · Jun 6, 2026 · 5 min read
Google has signed one of the largest recently disclosed artificial intelligence infrastructure agreements, committing to pay approximately $920 million per month to…
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Global · Jun 5, 2026 · 6 min read
US financial markets sharply repriced the Federal Reserve outlook after the May jobs report showed stronger than expected hiring, pushing Treasury yields…
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A growing number of global banks are cutting their gold price forecasts for the rest of 2026, as a more hawkish US Federal Reserve and fading expectations of rate cuts challenge the rally that drove the metal to record highs. Even so, the banks are keeping a positive long term view, supported by continued central…
Gold and oil fell together on Tuesday, with the precious metal sliding toward US$4,130 an ounce as a firmer dollar and a more hawkish reading of US Federal Reserve policy weighed on sentiment. Crude extended losses as the market continued to unwind the risk premium built up in recent weeks, while silver and copper dropped…
Bank of America has tempered its near term gold outlook, saying its US$6,000 an ounce target now looks unlikely for now as a stronger dollar, a more hawkish Federal Reserve and softer investment flows weigh on the metal. The bank, however, continues to see longer term support from fiscal pressures, reserve diversification and central bank…
China’s combined fiscal deficit narrowed for the first time in more than two years, pointing to a more restrained policy stance even as domestic demand stays soft and the economy faces pressure from the property downturn. Bloomberg calculations based on Ministry of Finance data released on 22 June show that the combined deficit across China’s…
China has added two United States rare earth companies, MP Materials and USA Rare Earth, to its export control list, in the latest sign of intensifying competition over the critical minerals that are essential to advanced manufacturing, clean technology and defense supply chains. China’s Ministry of Commerce said on Monday that MP Materials and USA…
A rising probability of a very strong El Niño is pushing investors to reassess exposure across sectors from agriculture to insurance, as the weather pattern threatens crop yields, lifts power demand and risks reigniting inflation. According to Bloomberg, citing the US Climate Prediction Center, there is about a 63 percent probability that the pattern develops…
Libya’s crude oil production has climbed to about 1.44 million barrels a day, its highest level since 2013, the National Oil Corporation said, as the OPEC member presses ahead with efforts to rebuild an energy sector that remains the backbone of its economy. The NOC said crude output reached 1,438,560 barrels on the morning of…
Bahrain based Investcorp has agreed to acquire a majority stake in Smart Managed Solutions, a UK facilities management company, in a transaction valued at more than US$200 million, according to Bloomberg. The deal adds another European services platform to Investcorp’s private equity portfolio and highlights the continued appetite of Gulf based investment managers for overseas…
Oil opened the new trading week sharply higher as renewed tension around the Strait of Hormuz and conflicting signals over the US to Iran talks pulled a risk premium back into crude, while gold slipped below US$4,200, down about 1.8% from its Thursday settle, and silver and copper were little changed. Price strip (new-week open)…
The US dollar enters the second half of 2026 with a firmer tone, supported by sticky inflation, a restrictive Fed, resilient jobs, and elevated Treasury yields. The DXY traded near 100.79 on 19 June. The upside is firm but increasingly two sided, with clear implications for Kuwait and the GCC.