Markets

Oil prices surge on fears of disruptions in Russia and Middle East, defying inventory build

Brent oil futures expiring in August rose 0.4 percent to $86.73 a barrel

Half of all emerging-market debt issued by GCC countries, Malaysia, Indonesia, and Türkiye: Report

In 2024, these countries accounted for 51 percent of U.S. dollar debt issued by EMs (excluding China)

Saudi Arabia’s Fourth Milling Company to list 30 percent stake in IPO

MC4 was sold in 2021 to a group made up of Al Othaim Markets, Allana International, and United Feed Manufacturing Company

Japanese yen tumbles to 160 against dollar, hitting 37-year low

The strong U.S. dollar is driven by expectations the Fed will keep rates high due to a robust economy

Saudi Tadawul Group acquires 32.6 percent stake in DME Holdings, creates Gulf Mercantile Exchange

The acquisition makes Saudi Tadawul Group the joint largest shareholder in DME

UAE gold prices decline, global rates fall after hitting two-week low ahead of U.S. inflation data

Gold prices remain impacted by the Fed's policy decisions and rising geopolitical tensions

Oil prices fall amid dollar strength; U.S. inventory build spurs demand fears

Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel

Saudi Arabia issues $1.17 billion in sovereign sukuk across three tranches in June

The total volume of sukuk and bonds in Saudi Arabia increased by 5.73 percent during the third quarter of 2023

UAE gold prices decline, global rates dip on stronger dollar

Higher 10-year treasury yields and a stronger U.S. dollar trigger decline in gold prices

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