Markets

UAE gold prices steady, global rates down as investors await more rate cut cues

U.S. dollar index fell to a seven-month low in the previous session, further supporting dollar-denominated gold

Accelerating growth: ADGM strengthens position as global financial hub

The UAE capital’s international financial center saw its AUM grow by 226 percent in H1 2024

Growth of IPO market: Increasing contributions from reputed public and private sector entities 

Technology, healthcare, and real estate companies are keen to explore IPO opportunities  

UAE gold prices dip, global rates remain above $2,500 level on U.S. rate cut optimism

Multiple Chinese banks have been given new gold import quotas from the central bank, signaling renewed buying demand

Oil prices sink as China’s economic slowdown fuels demand concerns

Brent crude futures declined by 13 cents, or 0.2 percent, to $79.55 per barrel

DFM, SZSE partner to strengthen UAE-China capital market ties, enhance cross-border investment

This partnership will foster joint initiatives like roadshows, seminars, research collaborations, and training programs

UAE gold prices steady amidst global rise following strong U.S. data

Globally, spot gold was up 0.3 percent at $2,454.40 per ounce

Oil prices edge lower but set for weekly gains on U.S. optimism

Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel

What does Egypt’s new carbon market mean for the future of climate finance?

The move is a step towards a mandatory market, requiring carbon reduction projects and emissions calculations

UAE IPOs surge in Q2 2024, raising $890 million: Report

Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2

UAE gold prices dip, global rates rise after slipping 1 percent as large rate cut hopes fade

So far this year, gold prices have gained 19 percent and set a new record high of $2,483.60 on July 17

Oil prices climb on rate cut hopes, but China concerns remain

Brent crude futures rose 0.21 percent to $79.93 a barrel

Abu Dhabi’s ADX, Armenia Securities Exchange partner to promote market development, innovation

Agreement to pave the way for the inclusion of the Armenia Securities Exchange as a member of the Tabadul Digital Exchange Hub

Resilient MENA IPO market generates $2.64 billion in Q2 2024, set for strong remainder of year: Report

Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds

Oil prices rise as U.S. stockpiles shrink, Fed rate cut bets grow

Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel

UAE gold prices dip, global rates down as markets await U.S. inflation data release

Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation

What is tax-loss harvesting? How it works

Tax-loss harvesting is an investment strategy that allows you to reduce your taxable investment income by offsetting your capital gains with losses

UAE’s ADNOC Drilling to join MSCI flagship indexes, boosting global visibility and investor appeal

The company will become the 12th member of the MSCI UAE index after meeting the necessary criteria

Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders

This is the fourth listing under their $2 billion trust certificate program

UAE gold prices rise, global rates dip after hitting over one-week high

Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut

Oil prices decline as OPEC lowers 2024 demand forecast amid China slowdown

Global benchmark Brent crude futures dipped 78 cents, or 0.95 percent, to $81.52 a barrel

Oil prices rise for 5th session amid escalating Middle East tensions, better economic data

Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth

UAE gold prices rise marginally, global rates up as investors await U.S. inflation data

Progress on inflation could support gold prices to retest a new all-time high once more