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IMF to Reduce Members’ Borrowing Costs by $1.2 Billion Annually

The International Monetary Fund (IMF) announced its approval of measures that will reduce borrowing costs for its members by approximately $1.2 billion annually. According to the statement issued by the IMF, these new changes will take effect at the b…

Omani Oil Prices Rise $1.36 a Barrel

The official price of Omani oil for December delivery rose today by $1.36 to $78.5 a barrel, compared to $77.36 during trading yesterday, Thursday.

It is worth noting that the monthly average price of Omani crude oil for October delivery reached $77…

Jordanian Stocks Post Weekly Return of 0.83%

The general index of stock prices listed in Jordan rose by 0.83 percent, ending the week’s trading at 2392 points.

The daily average trading volume at the Amman Stock Exchange during the past week amounted to about 3.8 million Jordanian dinars, comp…

Gold Rises on US Fed Rate Cut Bets

Gold prices rose on Friday after recent economic data supported bets for a Federal Reserve interest rate cut next month.

Spot gold rose 0.6% to $2,644.70 per ounce, but was down about 0.3% for the week. Prices hit a record high of $2,685.42 last mon…