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Markets
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
Markets
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)
Markets
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
Markets
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
Markets
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
Markets
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
Markets
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
Markets
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
Markets
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
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
Markets
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
Markets
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
Markets
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,
Markets
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
Markets
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
Markets
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
Markets
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
Markets
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
Markets
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
Markets
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
Markets
Oil prices hover slightly below recent highs as traders monitor Middle East, await U.S. inventory report
Brent crude for August delivery rose 6 cents to $85.13 per barrel
Markets
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
Markets
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
Markets
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
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