عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Saudi Arabia to Host 2023 Int’l Conference on Air Services Negotiations

Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023. (SPA)
Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023. (SPA)
TT
TT

Saudi Arabia to Host 2023 Int’l Conference on Air Services Negotiations

Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023. (SPA)
Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023. (SPA)

Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023, reported the Saudi Press Agency.

Minister of Transport and Logistics Services and Chairman of the Board of Directors of the General Authority of Civil Aviation (GACA), Eng. Saleh bin Nasser Al-Jasser said the conference is an important platform for member states to discuss ways of organizing and managing the air transport sector.

GACA will represent the Kingdom at the event.

Choosing the Kingdom to host the conference is an affirmation of its position and effective contributions in the aviation sector at the global level, Al-Jasser stressed.

It is also recognition of its efforts to bolster air connectivity in line with the National Strategy for Transport and Logistics Services, which is based on the Kingdom's Vision 2030, he remarked.

Most Viewed

 
 
Business

Gold on Track for Weekly Gain on Trump Uncertainty; US Jobs Report Awaited

A view shows ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk
A view shows ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk
TT
TT

Gold on Track for Weekly Gain on Trump Uncertainty; US Jobs Report Awaited

A view shows ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk
A view shows ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk

Gold prices inched higher on Friday as uncertainty around US President-elect Donald Trump's policies firmed demand for bullion, while investors awaited a key jobs report to assess the Federal Reserve's rate cut trajectory.
Spot gold edged 0.2% higher to $2,675.49 per ounce as of 0725 GMT. Bullion has gained more than 1% so far this week, set for its highest weekly jump since mid-November. US gold futures rose 0.3% to $2,698.30.
The US non-farm payrolls report is due at 1330 GMT. According to a Reuters survey, payrolls are expected to have increased by 160,000 in December, following a jump of 227,000 in November.
"We expect gold to drop a little in case the non-farm payroll report comes on a higher side," said Jigar Trivedi, senior analyst at Reliance Securities.
"Gold found support after a weaker-than-expected private employment report for December reinforced the notion that the Fed may need to adopt a less cautious approach to rate cuts," Trivedi said.
Kansas City Fed President Jeff Schmid on Thursday signaled a reluctance to cut rates again as the Fed faces a resilient economy and inflation that remains above its 2% target.
Trump's proposed tariffs and immigration policies may also prolong the fight against inflation.
Traders now expect the first Fed rate cut this year in either May or June, according to the CME FedWatch Tool.
Gold acts as a hedge against inflation, but higher interest rates reduce the appeal of holding the bullion.
Spot silver was up 0.3% to $30.2 per ounce and the COMEX contract was trading at $31.17, both near one-month peaks.
"Our view is that the incoming US administration will tailor economic and trade policy to promote national prosperity, and that silver will recover along with gold in the second half (of 2025) to $35 per ounce," Deutsche Bank said in a note.
Platinum shed 0.4% to $955.97 and palladium added 0.9% to $934.16. All three metals were also set for weekly gains.