Markets

Oil prices stabilize as market monitors Red Sea developments

Futures fell five cents, or 0.1 percent, to $81.02 per barrel

Dollar faces strain amidst rate cut speculations in holiday trading

The dollar index reached 101.54, close to its lowest levels

Japanese yen records worst performance among top currencies in 2023

Yen decreases against dollar in spot transactions by 5.63 percent

Oil prices stabilize as focus shifts towards interest rates

Brent crude futures fell 26 cents or 0.3 percent to $79.13 per barrel

Gold rises, U.S. dollar declines in light of expected interest rate cuts

Lower interest rates decrease the opportunity cost of holding non-yielding bullion

Oil prices recover following Angola’s exit from OPEC

Brent crude futures increased by 0.64 percent to $79.92 per barrel

Central Bank of Oman raises OMR29.45 mn through T-bills allotment

T-bills with a 28-day maturity were valued at OMR10 mn

Gold continues upward trend, surpasses $2,030 mark

Yellow metal set to record highest annual gains in three years

ADGM launches new platform for online dispute settlement 

Prioritizing security and confidentiality of users

Oil prices decline amidst rise in U.S. inventory, global trade concerns

Crude prices face headwinds as market focus shifts to slow demand and trade disruptions

Saudi Arabia raises SAR10.55 bn in local sukuk in December

The total volume of bids amounted to approximately SAR14.125 billion

Petrol prices in the UAE for December 2023

All petrol variants slipped from November rates

Currency speculators lower expectations for the dollar: Will it lose power?

Adjustment came in response to a surge in demand for higher-yielding currencies

Oil prices rise on bullish demand forecast, weaker dollar

Fed's accommodative stance may boost prices through increased demand

OPEC: UAE economy shows strong dynamics, grows 3.7 percent

Upward trajectory in non-oil activities is expected to continue

Oil prices remain resilient following a six-month low

Driven by larger-than-expected US inventory withdrawal, potential Fed rate cuts

With Fed’s dovish stance, gold prices surge for a second day

Figures went near $2,040 supply zone during Asian session

World Gold Council reveals gold outlook for 2024

Outlines possible scenarios on performance of gold

Oil prices hold firm, despite production cuts

Demand fell from China and independent refiners

Gold retreating from peaks but holding above $2,000

Factors behind surge and subsequent retreat