Commodity News

Israel-Hamas War Cuts MENA’s 2024 Growth to 2.6%

Key Points:  Due to the Israel-Hamas conflict, economic growth in MENA and Pakistan has been downgraded from 3.3% to 2.6%…

2 weeks ago

European Stock: Stoxx 600 Declined by 0.6%

Key Points European stock's decline, The Stoxx 600 index, fell by 0.6%, signalling the potential first monthly loss since October…

2 weeks ago

Indian Rupee: Economic Forces and Geopolitical Risks

Key Points: Rising oil costs weaken the Indian Rupee due to India's significant oil imports, impacting its trade deficit and…

2 weeks ago

Oil Prices Up 3%: Middle East Tensions Escalate

Key Points Brent oil hit $89.74/barrel, and WTI reached $85.16/barrel due to Middle East tensions. Despite this week's gains, oil…

2 weeks ago

USD/CAD Climbs to 1.3780 Amid Geopolitical Tensions

Key Points: Israeli strikes in Iran propel USD/CAD to 1.3780, driven by Middle East uncertainties and US dollar strength. Rising…

2 weeks ago

Gold Nears Record $2,400 Amid Iran-Israel Conflict

Key Points: Gold nears a record high at $2,400/oz due to geopolitical tensions between Iran and Israel. Platinum and silver…

2 weeks ago

Midas Strikes Gold with $45M Funding for MENA Expansion

Midas, a promising fintech startup aka the "Turkish Robinhood," has recently achieved a significant milestone by securing $45 million in…

2 weeks ago

Oil Prices Dip: Brent at $89.89, WTI at $84.69

Key Points: Brent oil prices dropped to $89.89/barrel, WTI crude at $84.69/barrel. US crude inventories rose by 4.09 million barrels.…

2 weeks ago

Indian Economy Expands by 6.7%, Targets 6.5% Next

Key Points: Indian economy grew by 6.7% in 2023, driven by public investment and a strong services sector. Global economic…

2 weeks ago

Gold Surges to $2,389 Amid Global Tensions

Key points: Gold rose to $2,357.81/oz, briefly hitting a record $2,372.62. Spurred by geopolitical tensions, particularly between Iran and Israel.…

2 weeks ago

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