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15:01
Middle Eastern stock market closing report|Saudi stock market closed down 1.6%, Aramco gave back gains after hitting a new high in over a year
Saudi Aramco (ARAMCO.AB) closed up 0.67% at 27.12 Saudi Riyal, having risen to 27.40 Riyal at the opening, approaching the March 3, 2025 high of 27.55 Riyal.
14:57
IEA Director: G7 meeting discusses all available options, including releasing emergency oil reserves
According to Odaily, International Energy Agency (IEA) Executive Director Fatih Birol stated that all available options were discussed at the G7 meeting, including releasing IEA emergency oil reserves to the market. IEA member countries currently hold more than 1.2 billion barrels of public emergency oil reserves, and, at the request of governments, IEA member countries additionally hold 600 million barrels of commercial crude oil inventories. (Golden Ten Data)
14:54
Theo to launch $100 million gold-backed yield-bearing stablecoin thUSD pre-deposit tomorrow
Foresight News reported that the on-chain financial market platform Theo will launch a $100 million pre-deposit for the gold-backed yield-bearing stablecoin thUSD Genesis Vault through Concrete on March 10. thUSD is built on the tokenized gold product thGOLD, generating interest by lending gold to retailers and constructing a delta-neutral position by hedging gold futures on platforms such as CME.
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