Skip to main content Skip to footer 
Dollar accounts for over 60 percent of global central bank reserves, making it the world’s most widely held currency
From economic signals to policies and developments in the Fed
UAE Central Bank Law and Commercial Transactions Law are key legislative instruments
Country’s trade volume with UAE, an important economic partner, hit $20 billion in 2023
Lower dollar index and U.S. Treasury bond yields support bullion's rise
Brent crude futures for August delivery rose 0.5 percent to $78.80 per barrel
The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023
Softer job openings data, manufacturing PMI spur safe-haven demand for gold
Oman's addition brings AFAQ's total number of participant banks from the GCC region to 67
Signs of decline in the upcoming U.S. jobs data could support gold prices in the short term
Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel
The pound devaluation and foreign investments alleviated the country’s currency crisis
The country is heading towards more balanced and sustainable growth this year, says Finance Minister
U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023
Open Finance is beneficial for both fintechs and their customers
Brent oil futures for July delivery held steady at $83.61 per barrel
First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent
Strong dollar, possible interest rate hikes are major risks to gold prices
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
Gold prices achieved a record high of $2,449.89 but have since lost over $100
The assets of Islamic banks operating in the UAE increased by about $23.41 billion over the past 12 month
The CBE's overnight deposit rate, overnight lending rate, and main operation rate will remain unchanged
