Markets

Oil prices dip amid lingering demand concerns, U.S. inventory build

Brent oil futures expiring in August fell 0.1 percent to $84.90 per barrel

Saudi’s Arabian Mills plans to list 30 percent stake in IPO

The CMA has approved Arabian Mills' public listing application, and the company will publish the IPO prospectus soon

Abu Dhabi to launch region’s first family business index

The index will measure and rank various metrics related to family-owned and family-controlled businesses in Abu Dhabi

Oil prices edge higher on hopes of summer demand surge, potential supply disruptions

Brent crude oil futures for August delivery rose 0.1 percent to $86.07 per barrel,

UAE gold prices decline, global rates dip ahead of U.S. economic data releases

Gold prices declined over 1 percent on Friday on stronger dollar after U.S. business activity rose to a 26-month high in June

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

If the inflation data is on the lower side, the Fed might lower interest rates twice this year

Oil prices dip as dollar rises, investors await key inflation data

Brent oil futures expiring in August fell 0.4 percent to $84.88 a barrel

UAE’s DP World completes $400 million investment to expand Peru’s port capacity

This expansion has increased the port's handling capacity from 1.5 million TEUs per year to 2.7 million TEUs

UAE gold prices up, global rates set for second weekly gain

Decline is U.S. weekly jobless claims, new housing construction raised hopes for a rate cut in September

Oil prices poised for second consecutive weekly gain on improving demand, inventory declines

Brent crude futures for August delivery dipped slightly by 15 cents to $85.56 per barrel

GCC equity markets rebound as foreign capital flows surge to $616.7 million in May

GCC equity markets have accumulated net inflows of $1.77 billion so far this year

UAE gold prices rise, global rates hit one-week high on rate cut hopes

Gold prices have recovered from their 6 percent decline from their record high last month

Nvidia becomes world’s valuable company, dethrones Microsoft

For the first time in more than 20 years, Nvidia’s market valuation eclipsed Apple’s earlier this month

UAE gold prices rise, global rates decline on Fed rate cut speculations

Gold prices have lost around 6 percent from their record high on a stronger dollar and higher interest rates

Oil prices hover around $85 amid global tensions, inventory shifts

Brent crude futures edged up 2 cents to $85.35 per barrel

Three new IPOs add $5.8 billion to UAE’s stock market capitalisation in 2024

Alef Education, Parkin and Spinneys have had successful IPOs on UAE stock markets so far this year

IPO boom underscores Dubai’s status as thriving hub for capital markets: DIFC Authority CEO

DIFC drives innovation and growth in the financial sector through its initiatives and regulatory framework

UAE gold prices decline, global rates on track for first weekly gain in a month

U.S. producer prices surprisingly fell in May amid lower energy costs, indicating that inflation has subsided

Oil prices decline but remain on course for weekly gains amid OPEC optimism

Brent oil futures expiring in August fell 0.6 percent to $82.22 a barrel

UAE gold prices edge down, global rates decline as Fed holds interest rates steady

Dollar index rose 0.17 percent, making greenback-priced gold less attractive to other currency holders

Oil prices dip amid rising U.S. inventories as Fed keeps interest rates steady

Brent oil futures expiring in August fell 0.5 percent to $82.24 a barrel

Alef Education begins trading on ADX after successful $514 million IPO

Alef Education's market capitalization reached $2.56 billion at the time of listing

Apple shares rise 7.26 percent to record high following AI features release

Apple's market capitalization reached $3.18 trillion, making it world's second most valuable company again