Markets

Oil prices climb following unexpected draw in U.S. oil stocks, anticipation of key economic data

Brent oil futures for December delivery climbed 0.5 percent to $71.50 per barrel

Sheikh Mohammed and Vietnam PM discuss enhancing bilateral cooperation, sign CEPA

CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism

UAE gold prices surge, global rates near record high as U.S. election nears

Uncertainty over the outcome of the U.S. election kept traders largely biased towards safe havens such as the dollar and gold

Oman’s OQEP shares listed on MSX as largest company with over $7.79 billion capitalization

This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy

UAE, global gold prices edge down on stronger dollar

Recent gains place the dollar on track for its best month since April 2022

Oil prices plummet as Middle East tensions ease, demand outlook weakens

Brent Oil Futures set to expire in December decreased by 4.1 percent, closing at $72.97 a barrel

Lulu Retail IPO price range announced, offer size may reach $1.43 billion

The offer price range has been set between AED1.94 and AED2.04 per share

UAE gold prices dip, global rates set for weekly gain as geopolitical risks raise demand

U.S election, along with Middle East tensions, might continue to act as a tailwind for gold prices

Oil prices surge with notable weekly gains as traders react to supply concerns, mixed economic signals

Brent crude futures for December delivery rose 0.4 percent to $74.70 per barrel

UAE drives regional economic growth: Insights from LSE Deputy CEO

The country has successfully completed 37 bond issues amounting to a total of $18.51 billion 

UAE gold prices dip, global rates rise as demand offsets stronger dollar

Analysts expect gold prices to reach over $2,800 this year and $3,000 in 2025

Oil prices rise amid Middle East tensions and U.S. election uncertainty, recovering previous losses

Brent crude futures increased by 95 cents, or 1.27 percent, reaching $75.91

Oman issues $195 million government development bonds with five-year maturity

Oman's central bank is offering the 72nd government development bonds to all investors, residents and non-residents irrespective of their nationality

Dubai Islamic Bank lists $500 million AT1 sukuk on Nasdaq Dubai

Dubai Islamic Bank currently boasts an outstanding value of over $9 billion through 11 sukuk listings on Nasdaq Dubai

ADNH Catering shares listed on ADX following successful IPO

The IPO raised gross proceeds of AED864 million, implying a market capitalization of AED2.16 billion at listing

Gold prices hit new record high of $2,752.38, UAE rates up

Market awaits the upcoming release of U.S. existing home sales data, which will provide additional insight into the health of the economy

Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions

Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre

Finance House to invest $81.67 million in Abu Dhabi capital market

This collaboration seeks to enhance market liquidity and financial stability, aligning with the ADX’s vision 

Seven GCC IPOs raise $1.7 billion in Q3 2024, UAE leads growth with $1.1 billion

Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings

UAE gold prices down, global rates hover near record high as Mideast tensions persist

Traders are pricing in an 87.7 percent chance of a 25-basis-point cut by the Federal Reserve in November

Oil prices slide amid Middle East tensions, Chinese demand concerns

Brent crude futures for December delivery fell by 19 cents, or 0.3 percent, settling at $74.10 a barrel

Oil prices recover marginally following 7 percent weekly drop on rising Mideast tensions

Data revealed that China's economy grew at the slowest pace since early 2023 in the third quarter, fueling additional demand concerns

Gold prices hit new record high: Global gold prices reach $2,732.76 ahead of U.S. election, UAE rates up

In China, investors are gauging the impact of the latest lending rate cut following reductions to other policy rates last month