Markets

UAE, global gold prices ease as bets firm for smaller U.S. rate cut in November

Traders are currently pricing a 95.7 percent chance of a 25-basis-point rate cut in November

Oil prices dip on oversupply concerns amid rising Middle East tensions

Brent crude rose 8 percent last week, marking the largest weekly gain since January 2023

ADNH Catering sets IPO price range, starts subscription period

The final offer price will be announced on October 16, while listing on ADX is likely to take place on October 23

Exness joins Forex Expo Dubai 2024 as elite sponsor

The event is set to attract more than 18,000 visitors from the trading community and the industry

Dubai’s Parkin announces first interim dividend of $54.1 million

Cash dividend will be paid to shareholders at the end of October

TAQA successfully prices $1.75 billion dual-tranche bonds

Part of the offering is a $850 million 12-year green bond, TAQA’s second under its green finance framework

UAE, global gold prices rise on safe-haven demand as U.S. payrolls data in focus

The dollar fell 0.1 percent from a month-long high, making gold priced in dollars more affordable for foreign buyers 

Oil prices remain stable as investors assess Middle East tensions, global supply dynamics

Brent crude futures fell by 8 cents, or 0.1 percent, settling at $77.54 a barrel

ADX records 15 major deals on ADNOC Gas and Modon valued at $724.2 million

The first transaction involved 505.8 million shares of Modon Holding for AED2.44 billion across six deals at AED4.83 per share 

Saudi Aramco completes $3 billion international sukuk issuance

Issuance supports Aramco’s efforts to diversify and broaden its investor base, further enhance liquidity and re-establish its sukuk yield curve

UAE, global gold prices down as investors eye key U.S. economic data, Mideast developments

The dollar index continued its rebound, gaining 0.10 percent to 101.78, and making gold more expensive for other currency holders

Oil prices surge amid fears of Middle East conflict disrupting crude shipments

Brent crude futures climbed by 80 cents, or 1.08 percent, reaching $74.70 a barrel

$19.55 billion of Islamic bonds, sukuk listings on Abu Dhabi market: UAE’s SCA

The listings comprise 10 conventional tranches and 6 additional issues categorized as green bonds and sukuk focused on sustainability 

DFM sees 10.9 percent gain in 2024, leading GCC markets with 4.1 percent monthly growth in September

The overall growth was widespread, driven particularly by significant gains in key indices such as the Financial Index

UAE’s Space42 makes debut on ADX following Bayanat and Yahsat merger

Space42 merges Bayanat’s sophisticated geospatial analytics with Yahsat’s premier satellite communications and AI innovations

UAE, global gold prices dip as U.S. dollar index rebounds, Mideast tensions escalate

The U.S. dollar held onto its gains, rising 0.08 percent to 101.28, and making gold more expensive for other currency holders

Oil prices jump as Middle East concerns escalate, OPEC+ prepares for market review

Brent futures climbed by $1, or 1.36 percent, reaching $74.56 per barrel

Oman Central Bank issues treasury bills worth $117 million

Interest rate on repurchase operations with the central bank (repo) on these bills is 5.50 percent

Oil prices hold steady amid concerns over Middle East conflicts, sluggish global demand growth

Brent crude futures for December delivery rose by 13 cents, or 0.18 percent, reaching $71.83 a barrel

UAE gold prices decline, global rates rise after Fed’s Powell signals smaller rate cuts

Amid the uncertain global economic and geopolitical landscape, bullion posted its best quarterly gain since 2016 on Monday

ADNH Catering IPO: Company to offer 40 percent of shares on ADX

The company plans to list 900,000,000 shares each with a nominal value of AED0.10

UAE gold prices edge down, global rates fall despite rising Middle East tensions

Market attention turns toward comments from both Fed chair Jerome Powell and Fed governor Michelle Bowman later today

Oil prices rise amid Middle East tensions, upcoming Fed insights on monetary policy

Brent crude futures for November delivery rose by 51 cents, or 0.71 percent, reaching $72.49 a barrel

UAE gold prices steady, global rates set for weekly gain on second rate cut bets

Market focus now shifts to the U.S. core personal consumption expenditures price index data due later today