Markets

UAE gold prices rise, global rates set for weekly drop as investors await Fed rate cut hints

Markets are now pricing in a 55 percent chance of a 50-basis-points cut in September with bets on an additional cut in December

Arab stock exchanges exceed market cap of $4.17 trillion in H1 2024: AMF

Fed's decision to hold rates for the seventh time impacted performance of global financial markets and Arab stock exchanges

UAE gold prices dip, global rates rise on larger rate cut optimism

U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders

Oil prices inch higher amid tightening U.S. supplies, potential Middle East disruptions

Brent crude futures rose 23 cents, or 0.3 percent, to $78.56 per barrel

UAE gold prices extend decline, global rates up despite stronger dollar

Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed

Oil prices slide on bearish inventory data, persistent global economic slowdown fears

Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel

UAE gold prices down, global rates up on rising U.S. rate cut bets

Japanese stocks rebounded sharply on Tuesday after their biggest single-day decline since the 1987 Black Monday sell-off in the previous session

Abu Dhabi’s IHC forms Rorix Holdings for global finance, trade facilitation

Rorix Holdings aims to accelerate trade volumes, attract foreign investment, and foster economic partnerships

Oil prices rebound over 1 percent as Middle East tensions offset demand concerns

Brent crude oil futures for October delivery rose 1.3 percent to $77.29 per barrel

Ethereum ETF: Will other cryptos join the bandwagon?

The approval of Ethereum ETFs brings more legitimacy to cryptos

Bitcoin price hits six-month low at $51,600 as decline continues

Bitcoin has lost around $10,000 in value since Friday

Oil prices decline to near 8-month low as U.S. recession concerns outweigh Middle East tensions

Both Brent and WTI declined more than 3 percent to their lowest since January on Friday following a volatile week

UAE gold prices rise, global rates up on growing U.S. recession concerns

U.S. unemployment rate rose to 4.3 percent, signaling a possible weakness in the labor market

UAE gold prices up, global rates set for weekly gains on Fed rate cut prospects

Traders priced in a 28.5 percent chance of a larger 50-basis-point rate cut in September

Oil prices head for fourth week of losses as demand worries outweigh supply risks

Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel

Dubai Financial Market sees spike in new investor accounts, up 85 percent to 56,345

The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys

UAE gold prices rally, global rates hit 2-week high as Fed hints at September rate cut

Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East

Oil price rallies amid Middle East tensions and OPEC+ meeting, China concerns linger

Brent oil futures expiring in October rose 0.5 percent to $81.24 a barrel

UAE gold prices surge, global rates rise ahead of Fed policy decision

If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally

Oil prices jump on robust U.S. fuel demand, inventory draws

Brent crude futures for September delivery jumped 1 percent to $79.45 per barrel