Markets

Oil prices rise amid declining U.S. crude inventories, Fed rate cut expectations

Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel

Gold price hits record high of $2,482.29, UAE rates surge

Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting

Oil prices stabilize amid declining U.S. reserves, slower China demand

Brent crude oil futures were down by 4 cents to $83.69 per barrel

Global sukuk issuances rise to $91.9 billion in H1 2024, says S&P

The total volume of sustainable sukuk issuances reached $5.2 billion during H1 of 2024

UAE gold prices rise, global rates inch up on U.S. interest rate cut optimism

Fed Chair Powell expressed confidence that inflation is returning to the central bank's target of 2 percent

Oil prices dip amidst Chinese economic slowdown, anticipation of Fed interest rate cuts

Brent crude futures fell 21 cents, or 0.25 percent, to $84.64 per barrel

Top 5 GCC IPOs by proceeds during H1 of 2024

GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024

GCC companies raise $3.6 billion from 23 IPOs in H1 of 2024: Report

The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds

Bitcoin surges to two-week high, rises 3.26 percent to $62,956.60

U.S. ETF launch raised the world's largest cryptocurrency to a record high of $73,803.25 in mid-March

UAE gold prices steady, global rates rise as investors seek rate cut cues from Fed’s Powell

Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool

Oil prices steady amid strengthening dollar, concerns over weakening demand in China

Brent oil futures for September delivery recorded $85.10 per barrel

UAE gold prices surge, global rates set for third weekly gain amid rate cut bets

Gold prices surged above the $2,400 level after data showed unexpected decline in U.S. inflation

Oil prices rise on softer U.S. inflation, summer demand hopes

Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel

Sharjah Islamic Bank lists $500 million Sukuk on Nasdaq Dubai

This listing marks the bank's 9th public Sukuk issuance and first since 2020

UAE gold prices up, global rates rise as market awaits June U.S. CPI data

Traders are currently pricing in a 46 percent chance that the Fed will cut rates twice by the end of the year

Oil prices rise on weaker dollar, tighter supply bets ahead of CPI data

Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel

Nasdaq Dubai welcomes three Indonesian Sukuk listings worth $2.35 billion

Total value of debt listed on Nasdaq Dubai reached $134.1 billion with Sukuk making up $93.89 billion

Saudi Aramco exercises greenshoe option, raises $12.35 billion from share sale

By exercising the greenshoe option, Aramco raised an additional $1 billion from the listing

UAE gold prices rise, global rates up ahead of U.S. inflation data release

Global physically backed gold exchange-traded funds saw inflows for the second month straight in June

Saudi Aramco starts issuing U.S. dollar-denominated bonds

Aramco's bond issuance began on July 9 and will end on July 17

UAE gold prices down, global rates rise as investors await June U.S. inflation data

Recent weak U.S. economic data has raised the market's hopes for two interest rate cuts by the end of the year

Oil prices stabilize as market monitors tropical storm Beryl, geopolitical developments

Brent oil futures for September delivery hovered around $85.72 per barrel

UAE gold prices decline, global rates ease from one-month high on rate cut bets

Unemployment reached a 2.5-year high of 4.1 percent, signaling a softer U.S. labor market