Central Bank
The market has largely eliminated the geopolitical risk premium after the ceasefire announcement
Investors await Federal Reserve comments for future direction amid fluctuating gold prices
Jordan continues to make progress with a gradual fiscal consolidation and strengthening fiscal sustainability
The U.S. dollar fell to its lowest level since March 2022, making gold less expensive for holders of other currencies
Demand deposit balances surpassed AED1.147 trillion, up from AED1.109 trillion in December 2024
Spot gold was up 0.2 percent at $3,328.89 per ounce after recent lows
Investors shifted to the dollar following U.S. airstrikes, impacting gold and commodity markets
Quarterly growth of 5 percent indicates continued positive momentum in the banking sector for 2025.
Real GDP growth is projected to rise from 2.4 percent in FY2023/24 to 3.8 percent in FY2024/25, then to 4.2 percent and 4.6 percent in FY2025/26 and FY2026/27, respectively, according to World Bank projections
Market rates, such as the Turkish Lira Overnight Reference Rate (TLREF), have also aligned in the 46 percent range
A stronger dollar and prospects of fewer U.S. interest rate cuts weighed on investor sentiment this week
