Spot gold hit a peak of $2,942.70 per ounce in Asian trading hours before easing to stand 0.1% higher at $2,909.49 as of 0916 GMT. Bullion’s eighth record high of 2025 has brought the glittering $3,000 milestone into view as investors navigate growing uncertainties over the repercussions of U.S. trade policies. U.S. gold futures added […]
Shrimp fishing, trade, and sales in Bahraini territorial waters are prohibited for six months, from February 1 to July 31, according to the Marine Wealth Directorate of the Supreme Council for the Environment (SCE). The prohibition supports national initiatives to guarantee the sustainability of the industry by preserving fish populations and safeguarding Bahrain’s maritime resources. […]
In collaboration with 14 government institutions, the Saudi Zakat, Tax and Customs Authority (ZATCA) announced the creation of the “Saudi Authorized Economic Operator Program.” In three areas, ZATCA and its partners provide importers and exporters with numerous administrative, procedural, and financial benefits; a fourth category is devoted to logistics services and solution providers, such as […]
This development marks a significant milestone in the China-Pakistan Economic Corridor (CPEC) initiative, providing a shorter and more efficient route for the movement of goods from China to the Gulf Countries. Under the initiative, a truck carrying electronic equipment departed from Kashgar, bound for the Jebel Ali Port in Dubai, via Pakistan. The truck’s journey […]
PM Shehbaz and President Prabowo Subianto discussed bilateral relations, including political, trade, and economic ties, a press statement issued by the PM Office read. The two leaders emphasized the need to strengthen economic and trade relations and agreed to maintain close contact to foster bilateral cooperation. PM Shehbaz appreciated Indonesia’s role as a reliable trading […]
Trump, who takes office on Jan. 20, said on Monday he would impose a 10% tariff on Chinese goods so that Beijing does more to stop the trafficking of Chinese-made chemicals used in the highly addictive narcotic. He had threatened tariffs over 60% on Chinese goods while on the campaign trail. “China’s position against unilateral […]
Two sources familiar with Trump’s plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico, despite the U.S. oil industry’s warnings that the policy could hurt consumers, industry, and national security. Canada and Mexico are the top two petroleum exporters to the United States, contributing 52% […]
Trump, who takes office on Jan. 20, said on Monday he would impose “an additional 10% tariff, above any additional tariffs” on imports from China until Beijing clamped down on trafficking of the chemical precursors used to make the deadly drug. The two superpowers are setting out their positions ahead of the former president’s return […]
Wang, also China’s International Trade Representative, said China would be able to “resolve and resist” the impact of external shocks, responding to a question about the impact of potential tariffs from U.S. President-elect Donald Trump. “We believe that China and the U.S. can maintain a stable, healthy, and sustainable development trend in economic and trade […]
Brent crude futures gained 14 cents, or 0.2%, to $74.37 a barrel by 0007 GMT. U.S. West Texas Intermediate crude futures rose 17 cents, or 0.2%, to $70.27 per barrel. Russian President Vladimir Putin said on Thursday that the Ukraine war was growing into a global conflict after the U.S. and Britain allowed Ukraine to […]
