Worldwide

Top 5 market highlights to monitor this week

Investors are focusing on upcoming inflation data for clues on how the economy may shift after the election results 

Why are gold prices falling after Donald Trump’s US election win?

Higher inflation levels may force the Fed to a slower easing path, further supporting the dollar and impacting gold prices

Oil prices steady as China’s stimulus disappoints, U.S. supply fears ease

Brent oil futures for January increased by 0.2 percent, reaching $71.95 a barrel

Bitcoin sets new record high, inches close to $90,000 level

Bitcoin reached $89,637 in Asia, up over 25 percent since November 5

Cyber resilience investment becomes key driver of shareholder returns, business growth: Report

More resilient companies generate shareholder returns that are around 50 percent higher than those of their less resilient peers

COP29: UAE hands COP presidency over to Azerbaijan, highlights historic UAE Consensus

During the speech, Dr. Al Jaber called on all parties to 'prove once again that we can unite, act, and deliver'

COP29 begins in Baku with active, effective participation from UAE

COP29's mission is to restrict global warming to 1.5°C, highlighting the critical necessity for investment in climate initiatives

Bitcoin surges to record high of $81,899 as Trump’s election boosts crypto market

Trump embraced crypto during his campaign, promising to make the U.S. the 'crypto capital of the planet'

Global food prices hit 18-month high in October, says FAO

Prices in October rose 5.5 percent annually but remained 20.5 percent below the record high of 160.2 points reached in March 2022

US Fed, UAE Central Bank lower interest rates

Labor market conditions have generally eased, and the unemployment rate has moved up but remains low, the Fed said

September 2024 passenger demand soars with 7.1 percent growth in RPKs: IATA

In terms of total capacity, evaluated through available seat kilometers (ASK), there was a year-on-year increase of 5.8 percent 

Bank of England lowers interest rates to 4.75 percent, anticipates gradual cuts ahead

This marks the second reduction by the central bank this year, following the initiation of its easing cycle in August

Sheikh Hamdan announces partnership with Microsoft to equip one million people with AI skills by 2027

His Highness: “As we usher in the AI era, mastering AI skills is crucial for fostering innovation and driving economic sustainability”

Donald Trump wins US election, set to become president

UAE leaders sent messages of congratulations to Trump on his victory in the US presidential election

Dubai International Chamber establishes representative office in Kazakhstan to boost trade, investment

This initiative is part of 'Dubai Global,' which aims for 50 offices worldwide by 2030 

Mastercard joins Buna to facilitate seamless cross-border payments into and out of MENA region

The move will allow global financial institutions to send fast, cost-efficient payments to Buna via Mastercard Move

Oil prices decline as U.S. inventory data shows larger-than-expected build amid Gulf hurricane concerns

Brent oil futures expiring in January dropped 0.6 percent to $75.11 a barrel

Air cargo grows 9.4 percent in September, reports IATA

ACTKs rose by 6.4 percent relative to September 2023 (8.1 percent for international operations) 

Fitch raises Egypt’s long-term foreign-currency rating to ‘B’ with stable outlook

The agency highlighted improvements in external finances driven by notable foreign investments and strengthened policy initiatives 

Ras Al Khaimah, U.K. Government strengthen partnerships across key trade, investment sectors

The partnership aims to enhance industrial cooperation and facilitate two-way trade between Ras Al Khaimah and the U.K.