Markets

Global gold demand hits record highs with strongest Q2

Gold price averaged $2,338/oz, 18 percent higher year-on-year, reaching a record of $2,427/oz during the quarter

Dubai Financial Market announces 74 percent rise in pre-tax net profit to $53.19 million in H1 2024

The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor

UAE gold prices down, global rates up ahead of Fed policy meeting

The Bank of England and the Bank of Japan's policy meetings are also due this week

Oil prices slide to two-month low ahead of OPEC meeting, Fed policy decisions

Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel

Ethereum ETFs approved: Another win for cryptocurrencies

Traditional investors can now buy Ethereum without directly dabbling in cryptos

UAE gold prices edge higher, global rates decline on sluggish Asian demand

Investors will closely watch the Fed's interest rate decision on Wednesday, with no change in interest rates expected

Oil prices flat as demand outlook and supply glut concerns weigh

Brent oil futures expiring in September rose slightly by 0.2 percent to $81.25 a barrel

UAE gold prices stable, global rates rise but set for weekly losses

U.S. economy grew faster than expected in Q2, but inflation pressures eased, maintaining market expectations of a September rate cut

Oil prices steady on strong U.S. GDP, but headed for third weekly losses

Brent oil futures expiring in September were stable at $82.38 per barrel

UAE gold prices fall, global rates dip as investors book profits ahead of U.S. economic data

If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge

Oil prices slip amid concerns over China’s demand, pending U.S. economic data

Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel

51 percent of UAE investors prefer real estate IPOs: Survey

The UAE market contributed a remarkable 58 percent of 2023 IPO proceeds in the GCC region

UAE gold prices up, global rates rise as investors await U.S. GDP reading

In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent

Oil prices rebound after recent losses as industry data shows inventory drop, but surplus looms in 2025

Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel

Five key ideas for investors in the Middle East

Embrace diversification, reassess cash holdings and stay attuned to your long-term objectives

UAE gold prices decline, global rates down ahead of U.S. economic data release

Gold prices reached a record high of $2,483.60 last week as markets expected a 25-basis-point U.S. interest rate cut by September

Oil prices fall to 1.5-month low amid weak outlook and surplus concerns

Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel

PureHealth’s Ardent Health successfully concludes IPO on New York Stock Exchange

In September 2022, PureHealth acquired a 26.05 percent equity stake in Ardent Health for $500 million

Oil prices rise as investors look for additional U.S. rate cut cues

China's slower-than-expected economic growth sparked concerns over the country's demand for oil which continues to impact prices

UAE gold prices rise, global rates down as focus shifts to U.S. economic data

Interest rate cut expectations and the political uncertainty in the United States have supported gold prices to their record high

UAE and global gold prices lose luster amid profit-taking, dollar strength

In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram

Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses

Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel

Gold demand in India stays strong on high investment, central bank buying: Report

Jewellery demand is anticipated to primarily revolve around the festival season beginning from August

UAE gold prices inch up, global rates rise on rate cut hopes

Fed officials noted that the path toward looser monetary policy has become shorter