Browsing: Business

Oil prices surged to multi-month highs as US crude stockpiles fell for the sixth straight week, boosting WTI and Brent amid tightening supplies and bullish technical trends.

The U.S. dollar index hit a two-year high as markets responded to optimism over Donald Trump’s policies and resilient economic performance in 2025.

Egypt’s food exports reached $5.5 billion by November 2024, marking a 17% growth over 2023, with key markets including Arab nations, Europe, Africa, and the United States.

Analysts predict Bitcoin could hit $200,000 in 2025, driven by ETFs, favorable regulations, and Trump’s pro-crypto policies, with forecasts ranging as high as $250,000.

The U.S. dollar posted strong gains in 2024, boosted by higher Treasury yields and a cautious Fed policy outlook, while markets braced for economic shifts under Trump’s administration.

Gold prices soared 26% in 2024, closing at $2,626 per ounce, fueled by U.S. Federal Reserve rate cuts and economic uncertainty, signaling a strong performance for safe-haven assets.

European stocks dropped as bond yields rose, with STOXX 600 down 0.3% amid inflation fears, policy uncertainty, and rate hike concerns as traders await ECB and Federal Reserve decisions.

Japan imported 27.16 million barrels of oil from the UAE in November 2024, representing 38.2 percent of its total imports, highlighting the UAE’s role in Japan’s energy security.

French business confidence has dropped for the third straight month, hitting its lowest level since July as fiscal uncertainty and political instability impact hiring and investment.

Germany’s economic contraction extended into December, marking six straight months of decline as weak manufacturing output offset modest stability in the services sector.