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Central Bank
Banking & Finance
Bank investments in monetary bills, Islamic CD reach $61.7 billion by end of Q2 2024, says CBUAE
Investments in Shariah-compliant CDs hit $11.95 billion during this period
Markets
UAE gold prices down, global rates dip ahead of Fed’s policy rate decision
India's August gold imports surged to $10.06 billion, compared with $3.13 billion in July
Economy
Oil prices fall as Fed meeting nears, driven by surprising U.S. inventory build and supply disruptions
Brent oil futures decreased by 0.4 percent, settling at $73.41 a barrel
Markets
UAE gold prices down, global rates hover near record high on bigger rate cut prospects
Markets are currently pricing in a 69 percent chance of a 50-basis-point cut at the conclusion of the Fed's two-day meeting
Economy
Oil prices see modest gains amid rate cut speculations, Hurricane Francine’s supply impact
Brent crude futures set to expire in November climbed 0.2 percent to $72.88 per barrel
Markets
Gold price hits new all-time high at $2,589 on larger rate cut bets, UAE prices steady
The U.S. dollar index fell 0.25 percent to 100.86, making gold less expensive for other currency holders
Economy
Oil prices rise on U.S. rate cut hopes despite weak demand, Chinese data
Brent crude futures for November rose by 3 cents to $71.64 a barrel
Banking & Finance
UAE banks’ capital, reserves reach $134.8 billion by June 2024, says Central Bank
National banks comprised 86.3 percent of the total capital and reserves, amounting to $116.4 billion
Markets
Global gold prices hit new all-time high of $2,570.15 on U.S. dollar weakness
The dollar fell to a one-week low, making gold less expensive for other currency holders
Economy
European Central Bank lowers interest rates again as inflation declines
The ECB's meeting precedes the Federal Reserve, which appears ready to start its own rate cuts
Banking & Finance
Gross banks’ assets surpass $1.16 trillion by end of June 2024, reports UAE Central Bank
Gross credit rose by 1.1 percent to AED2,100.9 billion by the end of June 2024
Markets
UAE gold prices up, global rates rise as investors eye additional U.S. economic data
U.S. central bank will likely start cutting interest rates next week with traders raising bets for a 25-basis-point cut to 87 percent
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