Markets

Oil prices decline to near 8-month low as U.S. recession concerns outweigh Middle East tensions

Both Brent and WTI declined more than 3 percent to their lowest since January on Friday following a volatile week

UAE gold prices rise, global rates up on growing U.S. recession concerns

U.S. unemployment rate rose to 4.3 percent, signaling a possible weakness in the labor market

UAE gold prices up, global rates set for weekly gains on Fed rate cut prospects

Traders priced in a 28.5 percent chance of a larger 50-basis-point rate cut in September

Oil prices head for fourth week of losses as demand worries outweigh supply risks

Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel

Dubai Financial Market sees spike in new investor accounts, up 85 percent to 56,345

The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys

UAE gold prices rally, global rates hit 2-week high as Fed hints at September rate cut

Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East

Oil price rallies amid Middle East tensions and OPEC+ meeting, China concerns linger

Brent oil futures expiring in October rose 0.5 percent to $81.24 a barrel

UAE gold prices surge, global rates rise ahead of Fed policy decision

If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally

Oil prices jump on robust U.S. fuel demand, inventory draws

Brent crude futures for September delivery jumped 1 percent to $79.45 per barrel

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