Markets

Oil prices surge above $90, reaching highest level since October

The rise in prices is fueled by geopolitical tension and supply concerns

CBUAE’s gold reserves surged to $4.88 billion in January

The gold reserves recorded 7 percent year-on-year increase

Saudi CMA’s locally managed assets surge to $232.2 billion in 2023

The asset management industry reached $1.1 billion by end of 2023

UAE gold prices hit new peak as global rate touches record high of $2,304.09

Gold prices have reached new record highs in each session since last Thursday

Oil prices hit highest level in five months, approach $90 as OPEC output remains steady

Mixed U.S. inventories impact crude oil gains, production offset by fuel demand

UAE gold price surges as global rates hit new record high of $2,288.09

While gold stole the spotlight with its record-breaking rally in prices, other precious metals also experienced gains

Oil prices stabilize amid concerns over supply disruptions

Concerns arose from attacks on Russian refineries and potential conflict escalation in the Middle East

UAE gold prices climb further after hitting record high yesterday

U.S. dollar and Treasury yields remain firm, dimming expectations for June interest rate cuts

Dubai Financial Market sees 103 percent surge in investor accounts in Q1 2024

Parkin IPO enhances market's attractiveness and draws new investors

UAE gold price surges over AED3 per gram amid stronger U.S. data

Softer U.S. inflation report strengthens bullish sentiment

Oil prices rise amid tight supply, upbeat Chinese economic data

China's manufacturing activity expanded for the first time in six months in March

UAE: Petrol, diesel prices for April 2024 announced

Petrol prices in the UAE have been rising from February onwards

OPEC Secretary General predicts persistent global demand for oil in the coming decades

OPEC believes that the oil industry will need approximately $11.1 trillion by 2045

Oil prices rise as tighter supplies drive strong first quarter in 2024

Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months

Gold prices in UAE decline as dollar holds firm

Globally, spot gold stabilized at $2,179.98 per ounce

Oil prices slide for second consecutive day as U.S. stockpiles surge

Market concerns rise as major producers hold output policy steady

Saudi Arabia to get new Social Responsibility Index

The index seeks to encourage enhanced company practices

UAE’s latest T-sukuk auction oversubscribed 7.1 times with $2.13 billion in bids

Dirham-denominated assets gain momentum with increased investor confidence

Saudi Arabia’s Rasan gets IPO approval, to offer 22.7 million shares on Tadawul

The IPO will involve the sale of 30 percent of the company's capital

Oil prices hold steady amidst Russian refinery disruptions, geopolitical tensions

The attacks caused potential disruptions to oil capacity, estimated at 900k bpd