Gold Soars to Record Prices

Singapore: Gold prices rose to an all-time peak on Wednesday, driven by mounting hopes of a US interest rate cut in September after recent comments from US Federal Reserve officials.

Spot gold was steady at $2,468.55 per ounce, after hitting a record…

Oil Prices Return to Rise Upon Settlement

New York: Oil prices rose at settlement at the end of Wednsdays trading, after three consecutive days of losses.

Brent crude futures contracts recorded an increase of $1.35, or 1.61 percent, to reach $85.08 per barrel upon settlement.

US West Texas …

SFD CEO Receives Australian Ambassador to Saudi Arabia

Riyadh: CEO of the Saudi Fund for Development (SFD) Sultan bin Abdulrahman Al-Marshad, today at the fund’s headquarters in Riyadh, received Australian Ambassador to the Kingdom Mark Donovan.

During the meeting, they reviewed the SFD’s efforts to fina…