Central Bank

Bahrain’s $92.89 million T-bill issuance sees 254 percent oversubscription

The bills carry an issue date of August 25, and are scheduled to mature on February 23, 2025

UAE gold prices inch down, global rates dip on stronger U.S. dollar, Fed rate cut outlook

U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase

Oil prices weaken on U.S. labor data, demand outlook uncertain

Brent oil futures fell 0.1 percent to $75.95 a barrel

UAE’s top banks post strong Q2 2024 growth on higher profits, improved asset quality: Report

Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits

UAE gold prices down, global rates decline from record high ahead of Fed meeting minutes

Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped

Oil prices slide on rising U.S. inventories, easing Middle East tensions

Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel

UAE banks add 15 ATMs in Q1 2024, reaching 4,669

This growth is driven by technological advancements and changes in the financial sector, leading to greater security and efficiency

Turkish central bank holds interest rate steady at 50 percent for fifth month

This move reflects TCMB's commitment to a cautious monetary policy, balancing inflation control with economic risks

Oil prices retreat as geopolitical concerns ease, demand concerns rise

Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel

UAE gold prices steady, global rates down as investors await more rate cut cues

U.S. dollar index fell to a seven-month low in the previous session, further supporting dollar-denominated gold

Saudi central bank reports strong growth in reserve assets, reaching $467.4 billion in Q2 2024

The quarter saw a 2.7 percent quarterly increase, adding around SAR46.724 billion to the reserve

UAE gold prices dip, global rates remain above $2,500 level on U.S. rate cut optimism

Multiple Chinese banks have been given new gold import quotas from the central bank, signaling renewed buying demand