Friday, October 16, 2026

September 10, 2024

Italian Industrial Production Drops by 6.7pc since May 2022

Italian industrial production was down by 6.7% in July compared to May 2022, Istat said today.

The national statistics agency said the textile, clothing and leather, and the wood sectors were hit particularly hard, with falls of 25% and 20.7% respect…

Oil Prices Fall amid Weak Demand, Supply Disruptions

Oil prices edged down today, as weak Chinese demand and supply disruptions, along with the risk of a global oversupply continued to weigh on the market.

Brent crude futures were down 4 cents, or 0.06%, to $72.80 a barrel.

US West Texas Intermediate …

Dollar Stable, Yen Declines as Investors Await US Inflation Data

The dollar remained stable today, while the yen slightly retreated from its highest level in a month as investors await US inflation data and anticipate a large interest rate cut from the US Federal Reserve next week.

The dollar showed little change,…

Gold Falls ahead of US Inflation Data

Gold prices fell today as the dollar rose, as traders await key US inflation data, which could indicate the size of the US interest rate cut next week.

Spot gold fell 0.1% to $2,503.09 per ounce, while US gold futures were steady at $2,532.20.

The d…

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Electricity Projects Worth RO3 Million Planned for Al Buraimi

Al Buraimi:Nama Electricity Distribution Company is working on several electricity development projects in Al Buraimi Governorate, with a total investment of about RO 3 million.

According to Oman News Agency, the projects are scheduled for implement…