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Oil and Renewables

Oil and Renewables latest

Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets
November 10th, 2025 - 10:45 GMT
Albawaba Business

Albawaba Business

Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets

ALBAWABA- Gold prices surged 2% on Monday to their highest level in two weeks, driven by mounting expectations of a Federal Reserve rate cut next month and renewed safe-haven demand amid global economic and geopolitical uncertainty. A softer U.S. dollar further bolstered bullion’s appeal. According to Reuters , spot gold climbed 2% to $4,078.45 per ounce by 09:56 GMT—its strongest level since October 27—while U.S. gold futures for December delivery ...
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Saudi Arabia is expected to grow at 2.6 per cent, according to a report by Samba Financial Group.
March 8th, 2015 - 04:55 GMT

Injecting stimulus: King Salman resorts to welfare spending at times of gloomy oil

Al Bawaba
March 7th, 2015 - 10:43 GMT

A critical milestone: BP overlooks geopolitical risk and announces $12 billion investment in Egypt

During the event
March 5th, 2015 - 10:40 GMT

EQUATE sponsors Firemen’s Day Festival

Al Bawaba
March 5th, 2015 - 08:42 GMT

Fueling reluctancy? Egypt to pay $3.1 billion debt to foreign oil and gas companies later

Al Bawaba
March 5th, 2015 - 05:55 GMT

Egypt to promote $10 billion worth of petroleum projects at March conference

Al Bawaba
March 4th, 2015 - 02:43 GMT

Nowhere near where it once was: oil 'rebounds' to $62


The exact mechanics of Saudi decision-making have always been obscure, but there is a broad understanding that the king has the final say in a process
March 4th, 2015 - 02:12 GMT

A 'subtle' change: new Saudi King keeps tight grip on oil policy

Al Bawaba
March 4th, 2015 - 01:33 GMT

Officially a net importer: Egypt expects LNG deals with Shell, Total

Al Bawaba
March 4th, 2015 - 09:48 GMT

DEWA launches Sirb drone initiative to provide more efficient and seamless infrastructure services

Iran and Iraq signed an agreement in 2013 under which Tehran would start exporting gas to Iraq to feed three power plants in Baghdad and Diyala.
March 3rd, 2015 - 05:34 GMT

So ready: Iran could begin Iraq gas deliveries in May

Al Bawaba
March 3rd, 2015 - 02:59 GMT

Murky oil: no clear vision on medium-term prices

During the event
March 3rd, 2015 - 12:40 GMT

ADNOC Distribution conducts awareness campaign in Al Ain on safety at home, best practices at service stations

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