EUR/USD
1.11887
0.307%
Gold
4188.61
0.410%
Oil
91.223
-1.244%
USD/JPY
158.195
-0.260%
GBP/USD
1.32339
0.199%
GBP/JPY
209.358
-0.060%
Real-time News
The Indian Embassy in Saudi Arabia: IndiGo has cancelled flights to and from Riyadh, Jeddah, Dammam and Medina until October 17.On October 13th, Citigroup stated that the Gulf regions economy is expected to contract by 3.1% this year, reversing the 4.5% growth forecast for 2025, as regional conflicts disrupt oil production and drag down non-oil sector activity. The bank predicts that oil sector output will shrink by 13.7%, while non-oil sector growth is expected to slow to 1.0% from 5.1% last year. Citigroup noted that the impact on the six Gulf economies will vary significantly, depending on the availability of alternative export routes and the extent of disruption to trade and tourism. Its forecast is based on the assumption that shipping in the Strait of Hormuz will return to normal in the fourth quarter; however, continued disruptions will pose further downside risks.The Ukrainian Ministry of Defense announced that the Ukrainian parliament has supported an initiative by the Ministry of Defense to allocate 100% of the defense export licensing fees to the Ukrainian Armed Forces. The fees for export control documents on military and dual-use goods will be divided equally: half will be used for the procurement, modernization, and maintenance of weapons and equipment, and the other half for military personnel salaries.According to Polish media outlet RMF FM, German police have detained a third person in connection with the Starlink fire in Poland.The Emir of Qatar stated that the countrys total revenue fell by 42% in the first half of the year.
