Markets

Saudi Arabia’s debt market doubles in value to $213.12 billion since 2019

The debt market remains under 20 percent of the Saudi economy, offering significant room for further development

UAE gold prices steady, global rates rise as traders await U.S. inflation data

China's central bank held back on buying gold for a fourth month in a row in August, according to official data

Oil prices surge as hurricane threatens U.S. Gulf coast amid market recovery from disappointing jobs data

Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel

Bank of Sharjah prices $500 million bond, attracts orders worth $1.4 billion

The bonds have a tenor of five years from the date of issuance, with a coupon of 5.25 percent per annum

NMDC Energy IPO oversubscribed 31.3 times, generating $24 billion in demand

At the close of the subscription period, the retail tranche was oversubscribed 600 times

Oil prices rise as OPEC+ members agree to extend voluntary production cuts

Brent was on track to drop nearly 8 percent this week, while WTI was headed for almost a 6 percent decline

UAE gold prices rise, global rates set for weekly gains ahead of U.S. jobs data

The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent

UAE’s ADNOC launches inaugural $4 billion notes offering under GMTN Program

The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.

UAE gold prices rise, global rates down as investors await U.S. jobs data

Traders are on the lookout for the ADP employment report and jobless claims data due later in the day

Oil prices gain slightly as OPEC weighs output delay amid falling U.S. stockpiles

Brent crude futures for November rose by 15 cents, or 0.1 percent, to $72.85

National banks in the UAE invest $1.19 billion in local stock markets in 12 months: CBUAE

By the end of May, these banks had elevated their equity investments to AED16.1 billion

Abu Dhabi’s Masdar’s $1 billion green bond issuance drew $4.6 billion in demand, oversubscribed 4.6x

In July 2024, Masdar successfully raised $1 billion through its green bond issuance under its Green Finance Framework

NMDC Energy IPO oversubscribed 14 times in four days

Since the IPO announcement, NMDC Group’s shares on ADX rose over 9 percent to their highest level since March

UAE gold prices rise, global rates up as market awaits U.S. payrolls data

So far this year, gold prices have gained over 29 percent, rising to a record high of $2,531.60 on August 20

Oil prices decline amid potential return of Libyan supply to the market

Brent Oil Futures fell by 4.9 percent, closing at $73.75 per barrel

Nasdaq Dubai lists $400 million bonds from Agricultural Bank of China

The $400 million note, issued under the $15 billion medium term note program, is due in 2027

UAE gold prices ease, global rates dip as traders await U.S. economic data

Gold prices may rally if reports signal a weaker economy and the Fed considers a larger rate cut

Oil prices plummet amid China’s economic slowdown, ongoing Libyan supply issues

Brent crude futures had fallen by 37 cents, or 0.48 percent, settling at $77.15 a barrel

DP World completes acquisition of Hong Kong-based Cargo Services Far East

DP World now has more than 115,000 employees in 800 locations globally

UAE to host major global events in September: All you need to know

The DIFC will host the inaugural Dubai AI & Web3 Festival on September 11-12 at Madinat Jumeirah

Kuwait Warba Bank’s $500 million sukuk issuance on London Stock Exchange draws $1.8 billion in 3.5x demand

These five-year sukuk support projects advancing ESG goals aligned with sustainability objectives

UAE gold prices flat, global rates down on smaller Fed rate cut bets

The U.S. personal consumption expenditures (PCE) price index rose 0.2 percent in July, in line with expectations

Oil prices drop as OPEC+ production rises, demand weakens

Brent crude futures dropped by 61 cents, or 0.8 percent, settling at $76.32 a barrel

NMDC Energy IPO oversubscribed within hours on first day

Offer shares are available to eligible investors at AED2.8 per share