Markets

Oil prices soar amid hurricane Francine disruptions, ending weekly decline despite demand concerns

Brent crude futures climbed by 34 cents, or 0.5 percent, reaching $72.31 per barrel

Sheikh Mohammed announces new company ‘Mada Media’ to manage advertising sites in Dubai

The company’s shares may be offered for public subscription at a later stage

Capitalizing on growth: EFG Hermes at the forefront of the region’s equity markets

Ali Khalpey shares insights on trends, IPOs, challenges and strategic growth

Saudi Arabia’s debt capital market grows 18 percent to $407.7 billion in H1 2024, says Fitch

Saudi sukuk and the bond market will likely cross $500 billion outstanding over the next couple of years

Abu Dhabi’s NMDC Energy starts trading on ADX following 31.3 times IPO oversubscription

The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each

UAE gold prices up, global rates rise as investors eye additional U.S. economic data

U.S. central bank will likely start cutting interest rates next week with traders raising bets for a 25-basis-point cut to 87 percent

Oil prices surge amid hurricane Francine concerns, yet demand worries temper gains

Brent crude futures for November rose by 40 cents, or 0.6 percent, reaching $71.01 per barrel

UAE gold prices rise, global rates near $2,520 ahead of U.S. CPI data

Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target

Oil prices rebound as tropical storm Francine raises concerns over supply disruptions amidst mixed demand signals

Brent crude futures increased by 39 cents, or 0.6 percent, reaching $69.58 a barrel

Oil prices face pressure from sluggish Chinese demand, anticipated supply challenges from tropical storm Francine

Brent crude futures fell by 4 cents, or 0.06 percent, settling at $72.80 a barrel

UAE gold prices rise, global rates edge down as U.S. dollar hits one-week high

Traders expect the inflation data to reflect further disinflation which will support a rate cut by the Fed

Finstreet to launch first regulated digital market in ADGM for private, public securities

Finstreet will grant eight licenses to its subsidiary entities to launch the first digital MTF, central securities depository, and private financing platform

Nasdaq Dubai welcomes $400 million green bond from Bank of China

With the addition of this listing, the total value of bonds listed on Nasdaq Dubai by the Bank of China reaches $1.47 billion

Burjeel Holdings’ entry into FTSE Global Equity Index Series to boost investments

Burjeel Holdings has joined FTSE Russell’s FTSE Mid Cap index, the FTSE All-Cap index, the FTSE All-World index and the FTSE Total-Cap index

Saudi Arabia’s debt market doubles in value to $213.12 billion since 2019

The debt market remains under 20 percent of the Saudi economy, offering significant room for further development

UAE gold prices steady, global rates rise as traders await U.S. inflation data

China's central bank held back on buying gold for a fourth month in a row in August, according to official data

Oil prices surge as hurricane threatens U.S. Gulf coast amid market recovery from disappointing jobs data

Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel

Bank of Sharjah prices $500 million bond, attracts orders worth $1.4 billion

The bonds have a tenor of five years from the date of issuance, with a coupon of 5.25 percent per annum

NMDC Energy IPO oversubscribed 31.3 times, generating $24 billion in demand

At the close of the subscription period, the retail tranche was oversubscribed 600 times

Oil prices rise as OPEC+ members agree to extend voluntary production cuts

Brent was on track to drop nearly 8 percent this week, while WTI was headed for almost a 6 percent decline

UAE gold prices rise, global rates set for weekly gains ahead of U.S. jobs data

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

UAE’s ADNOC launches inaugural $4 billion notes offering under GMTN Program

The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.

UAE gold prices rise, global rates down as investors await U.S. jobs data

Traders are on the lookout for the ADP employment report and jobless claims data due later in the day

Oil prices gain slightly as OPEC weighs output delay amid falling U.S. stockpiles

Brent crude futures for November rose by 15 cents, or 0.1 percent, to $72.85