Markets

Nasdaq Dubai lists $400 million bonds from Agricultural Bank of China

The $400 million note, issued under the $15 billion medium term note program, is due in 2027

UAE gold prices ease, global rates dip as traders await U.S. economic data

Gold prices may rally if reports signal a weaker economy and the Fed considers a larger rate cut

Oil prices plummet amid China’s economic slowdown, ongoing Libyan supply issues

Brent crude futures had fallen by 37 cents, or 0.48 percent, settling at $77.15 a barrel

DP World completes acquisition of Hong Kong-based Cargo Services Far East

DP World now has more than 115,000 employees in 800 locations globally

UAE to host major global events in September: All you need to know

The DIFC will host the inaugural Dubai AI & Web3 Festival on September 11-12 at Madinat Jumeirah

Kuwait Warba Bank’s $500 million sukuk issuance on London Stock Exchange draws $1.8 billion in 3.5x demand

These five-year sukuk support projects advancing ESG goals aligned with sustainability objectives

UAE gold prices flat, global rates down on smaller Fed rate cut bets

The U.S. personal consumption expenditures (PCE) price index rose 0.2 percent in July, in line with expectations

Oil prices drop as OPEC+ production rises, demand weakens

Brent crude futures dropped by 61 cents, or 0.8 percent, settling at $76.32 a barrel

NMDC Energy IPO oversubscribed within hours on first day

Offer shares are available to eligible investors at AED2.8 per share

UAE’s ADX sees $507.2 million in ETF trading value during eight months of 2024

Since the start of 2024, ETF trading volume has reached 450.7 million units

Listed firms in GCC report $60.7 billion in net profits, 8.1 percent QoQ growth

Dubai's YoY profit growth reached 30.9 percent in Q2 2024, totaling $6.7 billion

UAE Islamic T-sukuk auction draws $1.72 billion in bids, oversubscribing by 5.7 times

This $299.49 million auction is part of the Islamic T-Sukuk issuance program for August 2024

UAE gold prices down, global rates set for monthly gain as focus shifts to U.S. economic data

Gold prices gained almost 3 percent in the last 30 days, marking their second consecutive monthly gain

Delivery Hero plans Talabat IPO on Dubai Financial Market in Q4 2024

Delivery Hero will continue to retain majority interest in the business after the listing

NMDC Energy gets IPO approval, to list 1.15 billion shares

Subscription period to open on Friday, August 30, 2024, for individual investors in the UAE

UAE gold prices up, global rates rise as traders await U.S. jobs, inflation data

Traders priced in a 65.5 percent chance of a 25-basis-point cut and a 34.5 percent chance of a bigger 50-basis-point reduction

Oil prices steady amid smaller U.S. inventory draw, Libya’s supply concerns

Brent oil futures for October delivery dipped slightly to $78.62 a barrel

UAE: $9.52 billion surge in AUM by portfolio management companies, investment funds

The SCA reported an 83 percent increase in authorized companies this year, rising from 18 to 33 since January

$2.3 trillion crypto market reaches new heights, 95 percent more millionaires: Report

The count of Bitcoin millionaires has surged by 111 percent to reach 85,400

UAE gold prices edge down, global rates dip as market awaits U.S. inflation data

Markets now await the release of the U.S. PCE data, the Federal Reserve's preferred measure of inflation, on Friday

Oil prices rise on strong API data, ongoing supply concerns

Brent crude futures set to expire in October rose by 0.5 percent to $79.92 a barrel

UAE gold prices down, global rates ease on stronger dollar

Traders now see a 70 percent chance of a 25-basis-point rate cut and about a 30 percent chance of a bigger 50-basis-point reduction

Oil prices pause after recent surge amid Middle East tensions, Libyan shutdowns

Brent crude futures declined by 32 cents, or 0.39 percent, to settle at $81.11 per barrel