Markets

Could investing in tech stocks be best bet?
Markets

Could investing in tech stocks be best bet?

Tech select sector increased by 12% last month alone

Bahrain to launch market for closed joint-stock companies
Bahrain

Bahrain to launch market for closed joint-stock companies

Market will be a unified, comprehensive platform for closed joint stock companies

Egypt’s pound near lowest level against dollar since 2016
Egypt

Egypt’s pound near lowest level against dollar since 2016

Central Bank offered purchase price of US dollar against EGP 19.01

UAE: Third auction of T-bonds sees bids worth AED 7.6 bn
Markets

UAE: Third auction of T-bonds sees bids worth AED 7.6 bn

Auction oversubscribed by 5.1x

Global Financial Markets in Brief Week 4 July
Markets

Global Financial Markets in Brief Week 4 July

Markets focus on a possible slowdown in rate hikes rather than a recession

Local shares add AED 537 bn to market capital in 7 months
Markets

Local shares add AED 537 bn to market capital in 7 months

Driven by strong gains and new listings

Dubai Financial Market posts 63% growth in net profit of H1
Markets

Dubai Financial Market posts 63% growth in net profit of H1

International investors accounted for 72% of the new investors

Strong dollar, higher interest rates reduce gold global demand
Markets

Strong dollar, higher interest rates reduce gold global demand

Gold demand in the 3 months to end of June dropped to 948 tonnes

Bitcoin pumps to 23K as Fed hikes rates
Markets

Bitcoin pumps to 23K as Fed hikes rates

On Wednesday, Bitcoin increased nearly 9% to $22,792.02

The FED raises interest rates by 75 basis points
Markets

The FED raises interest rates by 75 basis points

Gulf central banks follow

Tech earnings week: Numbers miss investors’ expectations
Markets

Tech earnings week: Numbers miss investors’ expectations

Microsoft, Alphabet yesterday... meta today, Apple, Amazon tomorrow

Global Financial Markets in Brief week July 18
Markets

Global Financial Markets in Brief week July 18

The best week for stock markets, supported by a recovery in technology shares

Egypt to list more state companies on stock exchange
Egypt

Egypt to list more state companies on stock exchange

The Egyptian army controls a large portion of the economy

UAE to introduce new gold import rules starting January
Markets

UAE to introduce new gold import rules starting January

With up to $1.36m in fines for businesses in breach

UAE first in region in M&As in H1
Markets

UAE first in region in M&As in H1

$43.7 billion in total M&A values in the MENA

Worry about the mountain of debt too, not just inflation
Markets

Worry about the mountain of debt too, not just inflation

Many countries at risk of declaring default on their debts

Strong dollar weighing down on indebted Türkiye
Markets

Strong dollar weighing down on indebted Türkiye

Turkish economy had long benefited from a stronger euro than the dollar

Egypt’s pound falls to lowest level in 5 years
Egypt

Egypt’s pound falls to lowest level in 5 years

Pound reached a low of 18.91 pounds against the dollar

UAE’s Etihad Mall lists shares on Dubai Financial Market
Markets

UAE’s Etihad Mall lists shares on Dubai Financial Market

Company's shares trading at $1.03 shortly after market opens

Global Financial Markets in Brief Week July 11
Markets

Global Financial Markets in Brief Week July 11

Yield curve inversion gap biggest since 2000 pointing at recession

Euro falls below dollar parity
Markets

Euro falls below dollar parity

For first time since 2002

1 euro = 1 dollar
Markets

1 euro = 1 dollar

Historic decline for the first time in 20 years

UAE lists $3 bn Treasury bonds on Nasdaq Dubai
Markets

UAE lists $3 bn Treasury bonds on Nasdaq Dubai

Nasdaq welcomed listing carbon-neutrality-themed bonds valued at $2.68 bn

$4 billion exited emerging markets in 1 month
Markets

$4 billion exited emerging markets in 1 month

IIF: Continued volatility in stock markets hurt expectations