Central Bank

China to establish $70 billion re-lending program to support science and technology sectors

21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program

Oil prices decline as Middle East tensions ease: Brent crude falls below $90

Investors await consumer price index data from U.S. and China later this week

Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February

Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion

Oil prices surge above $90, reaching highest level since October

The rise in prices is fueled by geopolitical tension and supply concerns

CBUAE’s gold reserves surged to $4.88 billion in January

The gold reserves recorded 7 percent year-on-year increase

Eurozone inflation drops to four-month low of 2.4 percent in March 2024

The market anticipates four ECB rate cuts, first in June

Türkiye’s inflation climbs to 68.5% as rate hikes fail to stem price rise

Education again saw the highest cost inflation at 104 percent year-on-year

Egypt’s net foreign assets deficit shrinks by $7.04 billion in February

The financial support and land sale deal contributed to the NFA improvement

Kuwait Central Bank announces $792 million bonds, tawarruq issuance with 4.375 percent return rate

CBK has specified that this issuance will remain valid for a period of three months

Saudi Arabia’s tourism sector sets new record, foreign visitor spending touches $36 billion

In 2023, Saudi Arabia led the UN tourism list for the growth rate of international tourists compared to 2019

Oman outlook raised to positive on strengthening fiscal position: Report

Oil production cuts to keep economic growth low at about 1.4 percent in 2024

Oman to embrace IBAN system: A new era of seamless financial transactions

A significant step forward in modernising Oman’s financial infrastructure, says CBO

Oil prices rise as tighter supplies drive strong first quarter in 2024

Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months

Gold prices in UAE decline as dollar holds firm

Globally, spot gold stabilized at $2,179.98 per ounce

UAE’s latest T-sukuk auction oversubscribed 7.1 times with $2.13 billion in bids

Dirham-denominated assets gain momentum with increased investor confidence

UAE, China seek $200 billion in trade exchange by 2030, up from $95 billion in 2023: Report

Booming cooperation across trade, investment, technology and culture

Oil prices hold steady amidst Russian refinery disruptions, geopolitical tensions

The attacks caused potential disruptions to oil capacity, estimated at 900k bpd

UAE gold prices gain, but dollar strength limits record highs

Copper rebounds, yet 11-month highs prove elusive

Gold in UAE dips as dollar gains, central banks send mixed signals

Copper retreats from 11-month highs amid growing concerns over China

Türkiye’s Central Bank shocks markets with unexpected key interest rate increase

TCMB raised key interest rate from 45 percent to 50 percent