Markets

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

UAE gold prices gain, but dollar strength limits record highs

Copper rebounds, yet 11-month highs prove elusive

Reddit shares surge by 48 percent on first day as a public company

Social media platform's stock market debut signals confidence in growth potential

Gold in UAE dips as dollar gains, central banks send mixed signals

Copper retreats from 11-month highs amid growing concerns over China

Oil prices slide on stronger dollar, potential Middle East tensions alleviation

Declining gasoline supply in the U.S. indicates potential slowdown in crude demand

Parkin shares jump over 35 percent on first day of trading on Dubai stock market

IPO resulted in market capitalization of AED6.30 billion upon admission

Oil prices surge on weaker dollar, Fed’s policy announcement

The expectation of limited supplies continued to support crude prices

Saudi Arabia closes March issuance of sukuk program at $1.17 billion

To cater to investors with different investment horizons, the issuance has been divided into three tranches

Borse Dubai plans $1.59 billion sale of Nasdaq shares

The Dubai-based company is selling about 27 million shares at a price of $59 per share in a secondary offering

Central Bank of Oman raises $181.84 million through T-bill allotment

The T-bills with a maturity period of 28 days have been allotted a value of $12.98 million

Oil prices hold near four-and-a-half month high on reduced exports, market caution

Surging prices fueled by refinery activity, China demand, and Middle East disruptions

Bitcoin: Is the cryptocurrency really back?

From abysmal lows to historic highs and rapid descends, Bitcoin is doing what it does best