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Gold Rises on Dip-buying After Over 2% Drop

Gold: Gold edged up on Wednesday on dip-buying, after losing more than 2% in the last session on progress in US-Iran talks. Spot gold rose 0.2% to $4,886.69 per ounce, after declining more than 2% to a more than one-week low on Tuesday.

According t…

New Zealand Keeps Interest Rates Unchanged

Wellington: The Reserve Bank of New Zealand left interest rates unchanged on Wednesday, as was widely expected, reaffirming the need to maintain accommodative monetary policy for some time to support the economic recovery.

According to Qatar News A…

Maersk Acquires Stake in Jeddah Port’s South Container Terminal

Jeddah: The Saudi Ports Authority (Mawani) announced that Maersk Group, through its wholly-owned subsidiary APM Terminals, has acquired a 37.5% stake in the South Container Terminal at Jeddah Islamic Port.

According to Qatar News Agency, this move s…