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The MPC noted that domestic real GDP growth had moderated to 2.2 percent in the first quarter of 2024
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
China's central bank held back on buying gold for a fourth month in a row in August, according to official data
Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel
The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent
In Q2, demand for trade credit remained strong, with a greater appetite for lending
The central banks will share expertise and resources to address challenges and boost economic development
Traders are on the lookout for the ADP employment report and jobless claims data due later in the day
By the end of May, these banks had elevated their equity investments to AED16.1 billion
So far this year, gold prices have gained over 29 percent, rising to a record high of $2,531.60 on August 20
Growth is stabilizing, the current account deficit is narrowing, risk premiums are down, says minister
Gold prices may rally if reports signal a weaker economy and the Fed considers a larger rate cut
