Egypt: The US dollar was on track for its first weekly gain in three weeks on Friday, as persistent uncertainty following the collapse of US-Iran peace talks dampened expectations for a swift easing of Middle East tensions. The dollar index, which tra…
Doha: Gold held near flat in early Asian trade on Friday but was on track for a weekly decline, pressured by rising oil prices and persistent inflation concerns, while ongoing tensions in the Middle East and disruptions to shipping through the Strait …
Brussels: Economic activity in the euro area contracted in April, marking its first decline in 16 months, amid pressures stemming from the war in the Middle East and the resulting rise in energy prices and disruption of global supply chains.
Accord…
Egypt: Oil prices rose on Friday on concerns that renewed Middle East tensions and disruptions in the Strait of Hormuz could tighten global supply. Brent crude futures rose $1.23, or 1.17%, to $106.30 per barrel, while US West Texas Intermediate (WTI)…