#Joe Biden

Gulf deals

Cash-rich Gulf funds splurge on mega deals as liquidity dries up

The region’s largest sovereign wealth funds have been involved in at least $28.6bn worth of acquisitions outside the Middle East and Africa this year

Gold rate

Gold holds gain as traders weigh growth concerns, ECB rate hike

The European Central Bank (ECB) raised its key interest rate by 50 basis points, the first increase in 11 years, as it confronts surging inflation

Oil

Oil declines as traders weigh mideast supply after Biden trip

Crude has slumped since mid-June as concerns about a potential recession ripped through commodity markets

Oil

Oil set to end volatile week below $100 on slowdown concerns

West Texas Intermediate tumbled below $91 a barrel on Thursday

Saudi Arabia airspace

Saudi Arabia opens airspace to all carriers

The move by Saudi Arabia marks a win for Joe Biden as he uses his visit to the region this week to advance US strategic interests

UAE to invest $2bn in India’s ‘food parks’

UAE announces investment of $2bn to set up food parks in India

Israel and US will bring state-of-the-art technologies and expertise to the food parks in India

Oil

Oil price drops as surging inflation escalates slowdown concerns

Demand for motor fuel plunged last week to the lowest seasonal level since 1996

Oil losses

Oil extends losses after tumbling below $100 on demand concerns

West Texas Intermediate futures fell for a third session to its lowest level in three months

Oil

Oil extends drop as concerns over economic slowdown grip market

Crude has tumbled since early June on escalating fears of a slowdown as central banks raise rates to combat rampant inflation

Samsung

Samsung is first to start mass production of 3-nanometre chips

Samsung’s 3nm products reduce power consumption by up to 45 per cent and improve performance by 23 per cent compared to 5nm chips

US President

US President to visit Saudi Arabia in July

Joe Biden will visit the country on July 15-16

Oil drops at start of key week as Biden boosts pressure on OPEC+

Crude has soared this year, with production trailing supply as the global economy recovered from the impact of the pandemic

Biden resists Afghan deadline pressure but seeks backup options

Biden promised his administration would spell out on Wednesday how many Americans remain in Afghanistan

Saudi backs Palestinian state based on 1967 borders – foreign minister

Israel and Hamas are near a possible cease-fire deal, according to media reports

US President

UAE leaders congratulate Biden on inauguration as US President

Sheikh Khalifa wished Biden success and expressed hope that the two countries would deepen their decades-long partnership in working together

Biden reverses Trump travel ban, halts wall construction

The new president issued a proclamation ordering a stop to construction of Trump’s wall along the border with Mexico

President-Elect Joe Biden And Vice President-Elect Kamala Harris Address The Nation After Election Win

World leaders welcome Biden win as they seek reset in US ties

In his four years as president, Donald Trump upended decades of accepted American foreign policy

Democratic Presidential Nominee Joe Biden Holds Train Campaign Tour Of OH And PA

Joe Biden elected next US President after bitter contest with Trump

Biden, 77, will become the oldest president-elect in US history

Democratic Presidential Nominee Joe Biden Addresses The Nation As Election Count Continues In Few Key States

Biden predicts victory as lead over Trump grows in key states

On Friday, the Democratic nominee overtook Trump to claim a slim advantage in Pennsylvania, where a victory would push him past the 270 Electoral College votes needed to win the presidency

US election update: Biden’s tightest path may run through Nevada

Democratic nominee Joe Biden needs a win in one more state provided that other race calls stand

oil-big7

US elections: Gold drops, oil rises as results show tight race

Markets have been volatile during the final weeks of the campaign as investors fretted over the potential for a contested outcome

US Election

US elections: Biden-Trump battle shifts to swing states after early, easy wins

The early results gave Biden a 209-118 lead in the Electoral College

USA flag and contemporary glass skyscrapers in New York

How the outcome of the US elections could affect the global stock market

The 2020 elections will show what matters the most to American voters: the stock market performance, or the real economy