{
}
UK trade minister Jonathan Reynolds will meet US trade representative Jamieson Greer in Paris on June 3, 2025, to discuss the impact of rising US steel tariffs, which are set to increase from 25% to 50%. This change poses significant challenges for British steel producers, who export around £700 million worth of steel and aluminum to the US annually. The meeting will also address trade arrangements with the EU, highlighting the vulnerabilities created by delays in implementing political agreements.
Japanese consumers are lining up for cheap emergency rice as the government releases stockpiled supplies to combat soaring prices, which have doubled due to extreme heat. Retailers are selling 5 kg bags for around 2,000 yen, less than half the average price, while the government considers further measures to stabilize the market. Demand for foreign rice has surged, with private imports quadrupling in the first 11 months of fiscal 2024.
Dubai gold prices surged by Dh11.5 in just 24 hours, raising concerns about market volatility and nearing the all-time high of Dh381.75 per gram for 22K gold. Jewelers advise shoppers to wait for potential price drops, especially if not urgently needing gold for celebrations.The recent turmoil in gold prices is attributed to escalating US-China tensions over import tariffs, with a previous truce now under strain. Shoppers are encouraged to look for genuine discounts on making charges or consider diamond jewelry, which is less affected by price fluctuations.
The Amundi MSCI Eastern Europe Ex Russia UCITS ETF has risen 17.64% over the past year, underperforming the average fund's 20.74% return. In January 2025, top-performing ETFs included the L&G Gold Mining UCITS ETF, which returned 20.18%, and the UBS (Irl) ETF PLC - Solactive Global Pure Gold Miners UCITS ETF, with a 16.55% return.
Shoppers in the UAE are facing a sudden increase in gold prices, with a Dh7 rise occurring just as Eid Al Adha promotions begin, lasting until June 9. Manoj Nair, Gulf News Business Editor, closely monitors trends in luxury brands and the retail industry, drawing on his extensive experience in financial journalism. Outside of work, he enjoys classic Bollywood films from the 1950s to 1980s.
Fuel prices in the UAE have decreased since early 2025, providing relief to motorists after a spike in February. As of June, Super 98 petrol is priced at Dh2.58 per litre, while Special 95 and EPlus 91 have dropped to Dh2.47 and Dh2.39, respectively. Diesel saw the most significant decline, falling to Dh2.45 from Dh2.82 in February.
OPEC+ will increase oil production by 411,000 barrels per day in July 2025, following a virtual meeting of eight member countries. This decision is part of a gradual rollback of voluntary supply cuts initiated in 2023, driven by stable economic growth and low inventories. The group will continue to monitor market conditions and adjust production levels as necessary, with the next meeting set for July 6, 2025.
As Eid Al Adha promotions kick off in the UAE, the gold price for 22K remains steady at Dh367 per gram, with expectations that it may not drop below Dh360. Shoppers are weighing the current price against a Dh9.5 increase since mid-May, influencing their purchasing decisions during the festive season.
In April, Japan imported 27.10 million barrels of Saudi oil, accounting for 36.3% of its total crude imports of 74.77 million barrels. The Arab nations contributed significantly, with the UAE supplying 34 million barrels, while Japan's imports from Iran and Russia remain banned, leading to sourcing from the USA and other countries.
ANAX Capital has officially launched in the UAE, aiming to provide transparent trading for both retail and professional clients. Founded by Tabinda Sanpal, the firm offers a range of trading products, including forex and commodities, supported by advanced technology and a commitment to client empowerment. With a capital base of Dhs30m, ANAX Capital is poised for international expansion while maintaining a focus on regulatory compliance and community engagement.
Commodities
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UK and US officials to address rising steel tariffs in Paris meeting
10:05 03.06.2025
Japan releases stockpiled rice as prices soar and demand increases
08:42 03.06.2025
gold prices surge in dubai prompting shoppers to consider waiting
06:06 03.06.2025
top performing etfs of january 2025 highlight gold mining funds
United States Dollar
Euro
VanEck Vietnam ETF
Legal & General Group Plc
iShares Silver Trust
Show more
17:15 02.06.2025
Dubai gold prices surge unexpectedly during Eid Al Adha promotions
10:50 02.06.2025
fuel prices in the uae show steady decline through mid 2025
10:39 02.06.2025
OPEC Plus to increase oil output by 411000 barrels per day in July
07:38 02.06.2025
Dubai gold prices steady as Eid Al Adha promotions begin
05:26 02.06.2025
Japan's April oil imports heavily reliant on Saudi and UAE supplies
20:00 30.05.2025
anax capital launches in uae aiming for transparent and client-focused trading
10:39 30.05.2025
Trending
Subcategory
Corporate News
Industry Trends
Fintech Startups
Venture Capital Investments
Startups & Entrepreneurship
Emerging Startups
Funding Rounds & Investments
AI Innovations
Economic Indicators
Cryptocurrency Trends
Retail and Consumer Goods
AI Applications
Global Trade Developments
Banking Regulations
Stock Market Updates
Supply Chain Management
IPOs & SPACs
Crypto Adoption and Integration
Private Equity Deals
Financial Scams and Security
Countries:
Companies:
Microsoft Corporation Corp.
Google LLC
Uber Technologies Inc.
NIO Inc.
Apple Inc.
Honda Motor Co. Ltd.
Toyota Motor Corporation
The Goldman Sachs Group, Inc.
VOLKSWAGEN AG
Delivery Hero SE
PayPal Holdings Inc.
Amazon.com Inc.
Alphabet Inc.
Bank of China Limited (Inc. in China)
VanEck Vietnam ETF
Legal & General Group Plc
iShares Silver Trust
Ather Energy Ltd.
TVS Motor Company Ltd.
Itcons E-Solutions Ltd.
Currencies:
United States Dollar
Euro
Indian Rupee
Japanese Yen
Chinese Yuan
South Korean Won
Saudi Riyal
Turkish Lira
British Pound Sterling
Malaysian Ringgit
Filipino Peso
Offshore Chinese Yuan
People: