Central Bank

Gold rates retreat from all-time high of $2,594.52 after Fed rate cut, UAE prices down

Following the Fed's decision, the dollar fell to its lowest since July 2023 then recovered, rising 0.37 percent to 100.97

Oil prices decline amid concerns over U.S. economic outlook following Fed’s larger-than-expected rate cut

Brent crude futures for November fell by 34 cents, or 0.46 percent, settling at $73.31 a barrel

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

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

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

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

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

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

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

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

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

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

UAE gold prices rise, global rates near $2,520 ahead of U.S. CPI data

Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target

Oman Central Bank issues treasury bills worth $77.93 million

The bills have a maturity period of 28 days amounted to OMR300,000, with an average acceptable price of OMR99.650 

Kuwait Central Bank issues bonds, tawarruq worth $792 million

On August 19, KCB announced a similar allocation of bonds and tawarruq for three months at the same value and return rate 

UAE gold prices rise, global rates edge down as U.S. dollar hits one-week high

Traders expect the inflation data to reflect further disinflation which will support a rate cut by the Fed

Central Bank of Egypt forecasts easing inflation amid continued maintenance of interest rates

The MPC noted that domestic real GDP growth had moderated to 2.2 percent in the first quarter of 2024

UAE gold prices steady, global rates rise as traders await U.S. inflation data

China's central bank held back on buying gold for a fourth month in a row in August, according to official data

Oil prices surge as hurricane threatens U.S. Gulf coast amid market recovery from disappointing jobs data

Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel

UAE gold prices rise, global rates set for weekly gains ahead of U.S. jobs data

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

Rising bank credit demand in the UAE amid positive economic outlook, says Central Bank

In Q2, demand for trade credit remained strong, with a greater appetite for lending