Middle East
Central bank buying and geopolitical tensions drive gold's rally near record-high
Businesses need to be agile, adapt their strategies and invest in digital infrastructure
Gold prices increased to an all-time high of $2,431.29 on Friday, gaining over 14 percent this year
Gold prices remained undeterred despite the robust U.S. job growth in March
Investors await consumer price index data from U.S. and China later this week
The rise in prices is fueled by geopolitical tension and supply concerns
SaaS providers dominate region's investment landscape
Concerns arose from attacks on Russian refineries and potential conflict escalation in the Middle East
China and U.S. demand boost prices amid Middle East conflict
The attacks caused potential disruptions to oil capacity, estimated at 900k bpd
Robust M&A activity in the region with economic diversification driving growth
Rising tensions fuel fears of supply disruption
Declining gasoline supply in the U.S. indicates potential slowdown in crude demand
In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
Concerns over China's economic weakness continue to impact oil market
Mixed signals from U.S. jobs data impact prices
Federal Reserve signals drive gold to historic highs
The initiative seeks to advance tech sectors in the Middle East and Africa
The collaborative agreement seeks to advance cutting-edge AI research
OPEC+ reiterates commitment to keeping prices above the $80 per barrel mark
GenAI predicted to boost product quality, competitiveness, and workplace efficiency
Chinese demand recovers supporting market outlook
