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China's central bank held back on buying gold for a fourth month in a row in August, according to official data
Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel
The bonds have a tenor of five years from the date of issuance, with a coupon of 5.25 percent per annum
At the close of the subscription period, the retail tranche was oversubscribed 600 times
Brent was on track to drop nearly 8 percent this week, while WTI was headed for almost a 6 percent decline
The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent
The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.
Traders are on the lookout for the ADP employment report and jobless claims data due later in the day
Brent crude futures for November rose by 15 cents, or 0.1 percent, to $72.85
By the end of May, these banks had elevated their equity investments to AED16.1 billion
In July 2024, Masdar successfully raised $1 billion through its green bond issuance under its Green Finance Framework
Since the IPO announcement, NMDC Group’s shares on ADX rose over 9 percent to their highest level since March
So far this year, gold prices have gained over 29 percent, rising to a record high of $2,531.60 on August 20
Brent Oil Futures fell by 4.9 percent, closing at $73.75 per barrel
The $400 million note, issued under the $15 billion medium term note program, is due in 2027
Gold prices may rally if reports signal a weaker economy and the Fed considers a larger rate cut
Brent crude futures had fallen by 37 cents, or 0.48 percent, settling at $77.15 a barrel
DP World now has more than 115,000 employees in 800 locations globally
The DIFC will host the inaugural Dubai AI & Web3 Festival on September 11-12 at Madinat Jumeirah
These five-year sukuk support projects advancing ESG goals aligned with sustainability objectives
The U.S. personal consumption expenditures (PCE) price index rose 0.2 percent in July, in line with expectations
Brent crude futures dropped by 61 cents, or 0.8 percent, settling at $76.32 a barrel
Offer shares are available to eligible investors at AED2.8 per share
Since the start of 2024, ETF trading volume has reached 450.7 million units
