Expo! Expo! MENA Opens in Riyadh

The International Association of Exhibitions and Events holds Expo! Expo! MENA in Riyadh
The International Association of Exhibitions and Events holds Expo! Expo! MENA in Riyadh
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Expo! Expo! MENA Opens in Riyadh

The International Association of Exhibitions and Events holds Expo! Expo! MENA in Riyadh
The International Association of Exhibitions and Events holds Expo! Expo! MENA in Riyadh

Riyadh International Exhibition and Conference Center, in partnership with the Saudi Conventions and Exhibitions General Authority (SCEGA), hosts on Sunday the Expo! Expo! MENA exhibition, organized by 1st Arabia Tradeshows and Conferences.

The International Association of Exhibitions and Events holds Expo! Expo! MENA in Riyadh, marking the debut of the event outside the US, where it takes place each December.

The three-day exhibition acts as a platform for exchanging opinions and experience, finding opportunities, capabilities and solutions, learning about the latest developments in the industry, as well as showcasing the Saudi experience, which has become a milestone in the exhibition, conference and events sector.

1st Arabia Tradeshows and Conferences CEO Bilal Al-Barmawi said that more than 100 exhibitors from different countries participate in the exhibition, where Saudi Conventions and Exhibitions General Authority Acting CEO Amjad Shaker delivers the opening speech.

There’s also a lineup of speakers from different countries, authorities and organizations.

Throughout the working sessions, decision makers and experts will present best practices, innovations, new services and products, and there will be opportunities to strike partnerships and develop the business.

The exhibition enables participants and attendees to learn about investment opportunities in the Kingdom, which will help boost the sector and achieve its goals in line with Vision 2030.



Gold Slips More Than 1% as China Considers US Tariff Exemption

FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo
FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo
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Gold Slips More Than 1% as China Considers US Tariff Exemption

FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo
FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo

Gold prices lost more than 1% on Friday and were heading for a weekly fall on signals of a potential de-escalation in the US-China trade war, including news that China was weighing tariff exemptions for some US goods.

Spot gold fell 1.5% to $3,299.69 an ounce as of 0830 GMT. US gold futures shed 1.1% to $3,310.20.

"Gold is facing challenges in sustaining upward momentum as optimism around a potential US-China trade agreement grows," said Zain Vawda, an analyst at MarketPulse by OANDA.

The dollar jumped reversing losses from the prior day while European shares rose after a media report that China was weighing tariff exemptions for some US goods, stoking hopes for a de-escalation in a spiraling trade war between the world's two largest economies.

A higher dollar makes the bullion more expensive for overseas buyers.

"A US-China trade agreement could push gold down toward $3,000/oz or lower, depending on other influencing factors," Vawda said.

US President Donald Trump asserted that trade talks with China are underway, pushing back against Chinese claims that no discussions have taken place to ease the ongoing trade war.

Gold, traditionally seen as a hedge against geopolitical and economic uncertainties has gained nearly 26% so far this year. It also touched a record high of $3,500.05 on Tuesday.

Meanwhile, Federal Reserve officials indicated they saw no urgency in revising the monetary policy as they sought more information to determine how the Trump administration's tariffs were affecting the economy.

Non-yielding bullion tends to thrive in a low interest rate environment.

"Now that the market's corrected it will be a good indicator if buying picks up in India," said Ross Norman, an independent analyst.

Spot silver fell 0.6% to $33.36 an ounce, platinum dropped 1.2% at $958.89 and palladium fell 1.6% to $938.78.

Silver was headed for a weekly gain while the other two metals were seen falling for the week.