Central Bank
UAE Central Bank Law and Commercial Transactions Law are key legislative instruments
Country’s trade volume with UAE, an important economic partner, hit $20 billion in 2023
Lower dollar index and U.S. Treasury bond yields support bullion's rise
Brent crude futures for August delivery rose 0.5 percent to $78.80 per barrel
The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023
Softer job openings data, manufacturing PMI spur safe-haven demand for gold
Oman's addition brings AFAQ's total number of participant banks from the GCC region to 67
Signs of decline in the upcoming U.S. jobs data could support gold prices in the short term
Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel
The pound devaluation and foreign investments alleviated the country’s currency crisis
The country is heading towards more balanced and sustainable growth this year, says Finance Minister
