Markets

Gold prices extend record high to $2,670.15 on weaker dollar, UAE rates surge

Traders now await Fed chair Jerome Powell’s remarks on Thursday and U.S. inflation data on Friday for further policy cues

Oil prices dip slightly as market reacts to China’s stimulus measures, supply disruptions

Brent oil futures for November delivery dropped 0.1 percent to $75.12 per barrel

Qatar’s sukuk issuances grow 122 percent to $500 million in H1 2024: Fitch

Qatar’s debt capital market reached about $130 billion outstanding at the end of H1 of 2024 with sukuk at 10 percent

Global gold prices set new record high at $2,639.49 on rising Mideast tensions, UAE rates up

Market focus this week remains on Fed members' comments and the release of the U.S. PCE data on Friday

Oil prices surge as China launches economic stimulus amid Middle East tensions, hurricane threat

Brent crude futures for November climbed by 69 cents, or 0.93 percent, reaching $74.59 a barrel

UAE issues treasury bonds, Islamic sukuk worth $6.81 billion since 2022

The programs saw the issuance of treasury bonds worth $3.05 billion and Islamic sukuk worth $3.76 billion

Global gold prices set new record high of $2,631.09 on rising geopolitical tensions, UAE rates up

Declining interest rates globally, rising geopolitical tensions in the Middle East and the upcoming U.S. election boost gold to new high

Oil prices surge amid rising Middle East tensions, anticipation of Fed rate cuts

Brent oil futures for November rose 0.5 percent to $74.83 per barrel

Arab stock exchanges’ market cap grows 0.52 percent to $4.268 trillion in August

The Egyptian stock exchange led the Arab stock exchanges with the largest monthly increase of 4.64 percent

UAE gold prices surge, global rates set for weekly gain following Fed rate cut

The dollar index fell 0.05 percent to 100.56, making gold less expensive for other currency holders

Oil prices slip as traders lock in profits, weekly rise boosted by U.S. rate cut

Brent oil futures, set to expire in November, dropped 0.4 percent to $74.60 per barrel

Gold rates retreat from all-time high of $2,594.52 after Fed rate cut, UAE prices down

Following the Fed's decision, the dollar fell to its lowest since July 2023 then recovered, rising 0.37 percent to 100.97

Oil prices decline amid concerns over U.S. economic outlook following Fed’s larger-than-expected rate cut

Brent crude futures for November fell by 34 cents, or 0.46 percent, settling at $73.31 a barrel

UAE gold prices down, global rates dip ahead of Fed’s policy rate decision

India's August gold imports surged to $10.06 billion, compared with $3.13 billion in July

UAE gold prices down, global rates hover near record high on bigger rate cut prospects

Markets are currently pricing in a 69 percent chance of a 50-basis-point cut at the conclusion of the Fed's two-day meeting

Oil prices see modest gains amid rate cut speculations, Hurricane Francine’s supply impact

Brent crude futures set to expire in November climbed 0.2 percent to $72.88 per barrel

Invest in UAE stock markets with zero transaction fees as Emirates NBD launches new initiative

Platform includes more than 11,000 global equities and 150 regional equities to trade

Saudi Arabia’s Fourth Milling Company to raise $228.9 million from IPO

The price range for the IPO was set between SAR5 and SAR5.30 per share

Saudi Arabia’s Ma’aden acquires 25.1 percent stake in joint venture for $1.1 billion from U.S.-based Alcoa

Transaction consideration comprises approximately 86 million shares of Ma’aden worth ​$950 million and $150 million in cash

Gold price hits new all-time high at $2,589 on larger rate cut bets, UAE prices steady

The U.S. dollar index fell 0.25 percent to 100.86, making gold less expensive for other currency holders

Oil prices rise on U.S. rate cut hopes despite weak demand, Chinese data

Brent crude futures for November rose by 3 cents to $71.64 a barrel