Central Bank
Strong demand seen from the eight primary dealers for both the 3-year and 5-year tranches of the sukuk
Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
UAE's oil GDP is also expected to expand this year as OPEC+ output cuts ease
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
The dollar index maintained its downward trend, declining 0.03 percent on Monday
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
Brent crude futures for July delivery edged up 0.1 percent to $83.33 per barrel
U.S. consumer prices increased less than expected in April, which supported bullion
