Markets

UAE gold prices rise ahead of U.S. election, Fed rate cut

Uncertainty surrounding the election and the U.S. central bank's policy decision could support gold prices this week

Oil prices rise as OPEC+ extends production cuts, impacting U.S. election and Chinese stimulus expectations

Brent futures had risen by $1.18 per barrel, translating to a 1.61 percent increase, reaching $74.28 per barrel

DFM net profits surge 60 percent to $81.3 million in first nine months of 2024

Outpacing regional markets, the DFMGI surged by 10.9 percent closing at 4,503.48 points, the highest level since 2014

764 major deals drive $15.79 billion in Abu Dhabi, Dubai bourses this year

At ADX, there were 549 transactions, encompassing 16.6 billion shares valued at AED55.4 billion

UAE gold prices fall by AED3 after Diwali, global rates rise ahead of U.S. payrolls data

Gold prices have gained over 4 percent in October amid safe-haven flows spurred by Mideast tensions and U.S. election uncertainty

Oil prices surge as OPEC+ weighs production delays and U.S. gasoline stockpiles drop to two-year low

Brent crude futures, now reflecting the January contract, increased by $1.41, or 2 percent, reaching $74.22 a barrel

Boursa Kuwait net profits up 14.5 percent to $47.08 million in first nine months of 2024

Consolidated assets increased 4.34 percent from $372.05 million in 2023 to $388.21 million in the nine months ended September 30

Gold prices hit new record high of $2,790.15, set for best month since March

Gold prices have gained close to 5 percent so far this month and almost 41 percent in the past year

Oil prices soar on optimism over U.S. demand, potential OPEC+ output delays

Brent crude futures were up by 47 cents, or 0.65 percent, reaching $73.02 a barrel

Five UAE stocks that have gained the most since January 1

The DFM General Index recorded a 4.1 percent increase in September, its fourth consecutive monthly gain

UAE gold prices soar, global rates hit record high ahead of Diwali

Markets are also bracing for a series of economic indicators in the coming days 

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