Gold hits record high while silver sets new peak
LONDON, Jan 12 (Reuters): Gold hit a record high of $4,600 on Monday, while silver also set a new peak, as a criminal probe by the Trump administration into Federal Reserve Chair Jerome Powell sent investors back into the asset viewed as a safe haven.Spot gold jumped 1.7 per cent...
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Phoenix Finance & Investments holds Business Confce-
Phoenix Finance & Investments holds Business ConfceThe Business Conference-2026 of Phoenix Finance & Investments Limited was held at its head office in the city on Sunday. Mohammed Mohsin, Chairman of the company, attended the conference as the chief guest. Md Mamunur Rashid Molla, Managing Director, Mohammad Sayduzzaman, Deputy Managing Director...
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Oil dips as investors assess Iran supply, Venezuelan export resumption
LONDON, Jan 12 (Reuters): Oil prices dipped on Monday after Iran said it had total control following the biggest anti-government demonstrations in years, easing some concerns over supply from the OPEC producer, while investors also weighed efforts to resume oil exports from Venezuela.Brent crude futures lost 31 cents, or 0.5...
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Dassault Aviation invests in French defence AI unicorn Harmattan
PARIS, Jan 12 (Reuters): French aerospace group Dassault Aviation is leading a $200 million funding round in startup Harmattan AI as the defence sector races to leverage artificial intelligence amid intensifying geopolitical competition.The partnership will support the development of AI capabilities in Dassault Aviation's future air combat systems, particularly for...
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Saudi Arabia's industrial output rises 10.4pc
RIYADH, Jan 12 (Arab News): Saudi Arabia's industrial output rose at its fastest rate in months, climbing 10.4 per cent year on year in November, supported by stronger manufacturing activity and higher oil production, official data showed. The Industrial Production Index increased to 114.4, up from 103.6 a year earlier,...
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