The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump called on the central bank to lower them. The announcement put the central bank on a potential collision course with Trump, though a longstanding norm of independence typically insulates the Fed from direct political interference.

Dubai, United Arab Emirates — Saudi Arabia's crown prince said Thursday the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President ...

President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.

The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.

WASHINGTON — President Donald Trump spoke to Saudi Arabia's Crown Prince Mohammed bin Salman on Wednesday in the first call with a foreign leader of his second term, appearing to renew efforts ...

Most stock markets in the Gulf ended higher on Sunday, driven by an uptick in U.S. manufacturing output in December, as traders assessed the potential implications of U.S. tariffs under the incoming administration of President-elect Donald Trump

The Federal Reserve on Wednesday will announce its latest decision setting the level of interest rates, just days after President Donald Trump called on the central bank to lower them. Investors widel

The pressure from the president has not influenced the U.S. monetary policy, which considers the situation "balanced.". Just six days after Donald Trump demanded in Davos that central banks around the world lower interest rates,

The central banks in the six-nation Gulf Cooperation Council (GCC) have aligned with the US Federal Reserve to hold their interest rates steady. The Central Bank of the UAE will maintain its base rate on overnight deposit facility (ODF) at 4.

Saudi Arabia's economy returned to growth in 2024, with real gross domestic product increasing 1.3% compared to the prior year, showed preliminary government data released on Thursday.

Gold prices rose in Saudi Arabia on Thursday, according to data compiled by FXStreet . The price for Gold stood at 332.93 Saudi Riyals (SAR) per gram, up compared with the SAR 332.24 it cost on Wednesday. The price for Gold increased to SAR 3,883.21 per tola from SAR 3,875.14 per tola a day earlier.

The OPEC+ group of leading oil producers is set to discuss President Donald Trump's efforts to raise U.S. oil production and take a joint stance on the matter, Kazakhstan said on Wednesday.