20 Hrs
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الشارقة 24
Trends analyzes Gulf economic conflict
Gold prices in the UAE have declined as the dollar remains near its highest levels in 18 months, while the Japanese Nikkei index and European stocks have fallen, led by banking shares. Oil prices are approaching their highest levels in two weeks, and Europe continues to see rising gas prices and declining inventories. Meanwhile, increases in transportation costs and rents are fueling inflation in Jordan. Additionally, Saudi Arabia has announced its ambition to boost its oil export capacity through pipelines to 10 million barrels per day. Predictions also indicate that Germany’s climate protection costs could reach up to 6 trillion euros by 2045.
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