Markets

Saudi Arabia’s PIF sells 2 percent stc stake, raises $1.03 billion

PIF’s remaining stake in stc equates to 3.1 billion shares or 62 percent

Gold prices fall to eight-week low, UAE rates dip

The U.S. dollar rose to a one-year high while treasury yield rose to its highest since July

Bitcoin soars past $90,000 amid Trump-fueled crypto rally

Trump embraced crypto during his campaign, promising to make the U.S. the 'crypto capital of the planet'

Oil prices drop as U.S. inventory data misses expectations, markets look for clarity on Chinese demand

Brent oil futures for January delivery decreased by 0.1 percent, settling at $72.23 per barrel

UAE gold prices edge up, global rates dip ahead of U.S. inflation data

Markets currently await the release of the U.S. Consumer Price Index data

Oil prices rise modestly but stay near two-week lows after OPEC’s demand growth downgrade

Brent futures had climbed by 17 cents, or 0.24 percent, reaching $72.06 a barrel

Top 5 market highlights to monitor this week

Investors are focusing on upcoming inflation data for clues on how the economy may shift after the election results 

Why are gold prices falling after Donald Trump’s US election win?

Higher inflation levels may force the Fed to a slower easing path, further supporting the dollar and impacting gold prices

UAE, global gold prices hover near one-month low ahead of key U.S. data, Fed comments

U.S. dollar held near a four-month high as investors continued to gravitate towards assets that are benefiting from Trump's election

Oil prices steady as China’s stimulus disappoints, U.S. supply fears ease

Brent oil futures for January increased by 0.2 percent, reaching $71.95 a barrel

Bitcoin sets new record high, inches close to $90,000 level

Bitcoin reached $89,637 in Asia, up over 25 percent since November 5

Bitcoin surges to record high of $81,899 as Trump’s election boosts crypto market

Trump embraced crypto during his campaign, promising to make the U.S. the 'crypto capital of the planet'

UAE, global gold prices dip as market awaits key U.S. data, Fed comments

The dollar gained 0.08 percent to 105.08 on Monday after marking significant gains following the U.S. Presidential election

Talabat IPO: Subscription opens on November 19, 15 percent shares on offer

Admission of the shares for trading is expected to take place on or around December 10

DFM records $10.5 million in major trades on Al Ansari, Ajman Bank

29.1 million shares of Al Ansari were traded for AED28.5 million at AED0.97 each 

UAE gold prices recover losses after CBUAE rate cut, global rates set for weekly drop

Gold prices continued to decline as the U.S. dollar index was set for a slight weekly gain after Trump's election victory

GCC region’s IPO outlook remains positive for 2024 despite slower Q3: Report

Outlook for the GCC IPO market remains positive with a healthy IPO pipeline of companies from a diverse range of sectors

UAE gold prices drop sharply as dollar surges on Trump win, global rates dip

Trump's victory fueled questions about whether the Federal Reserve may proceed to cut rates at a slower and smaller pace

Lulu Retail’s IPO raises $1.72 billion, share price set at $0.56

The offering garnered aggregate demand exceeding $37 billion from local, regional, and international investors

UAE gold prices steady as market awaits U.S. election outcome, global rates dip

U.S. dollar surged to a near four-month high in reaction to the U.S. election exit polls, making bullion less attractive for other currency holders