Markets

UAE gold prices down, global rates dip as market awaits September U.S. rate cut

The dollar hovered near its lowest level in 13 months, making gold cheaper for other currency holders

Oil prices climb higher, boosted by geopolitical tensions and expectations of lower U.S. interest rates

Brent oil futures for October delivery advanced 0.8 percent to reach $79.59 per barrel

UAE gold prices decline, global rates set for weekly fall after slipping from record highs

Gold prices fell almost 1 percent this week after hitting a record high on Tuesday

Oil prices flat, headed for bleak weekly performance amid demand concerns

Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel

UAE gold prices inch down, global rates dip on stronger U.S. dollar, Fed rate cut outlook

U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase

Oil prices weaken on U.S. labor data, demand outlook uncertain

Brent oil futures fell 0.1 percent to $75.95 a barrel

UAE gold prices down, global rates decline from record high ahead of Fed meeting minutes

Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped

Oil prices slide on rising U.S. inventories, easing Middle East tensions

Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel

Oil prices retreat as geopolitical concerns ease, demand concerns rise

Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel

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