Trends examines Gulf economic conflict
Gold prices in the UAE have declined recently, while the dollar remains near its highest level in 18 months. At the same time, the Nikkei index experienced a decline, and European markets rose led by banks, with oil nearing its highest level in two weeks. Additionally, rising transportation and rental costs are putting pressure on inflation in Jordan, as Saudi Arabia aims to increase its oil export capacity via pipelines to 10 million barrels per day. Europe is also entering a new year marked by rising gas prices and shrinking stockpiles, and Germany's climate protection bill through 2045 is estimated to cost up to 6 trillion euros.
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