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Saudi IPI Rose by 1.6 Percent During July

The Industrial Production Index (IPI) in the Kingdom of Saudi Arabia rose by 1.6% for the month of July compared to the same month in 2023.

Data issued by the General Authority for Statistics (GASTAT) explained that the July industrial production ind…

Oil Prices Jump $1 on Post Selloff Recovery

Oil futures jumped by a dollar in early trading on Monday as markets recovered from a selloff following weaker-than-expected US jobs data on Friday.

West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel.

Brent crude futures we…

Gold Slips Below $2,500 Mark

Gold prices remained steady on Monday and was trading slightly below the key $2,500 an ounce level, as the market awaited August inflation data for further insights into the anticipated Federal Reserve interest rate cut this month.

Spot gold was nea…