Central Bank

UAE gold prices surge AED3.5, global rates hit 3-month high

The dollar lost over 1 percent this week, recording its worst weekly fall in two months

Oil prices fall 0.6 percent to $77.82 as Trump pushes for lower crude prices, higher U.S. production

West Texas Intermediate crude futures dropped 0.6 percent to $74.21 per barrel

UAE Central Bank reports gold reserves over $6.6 billion by end of October 2024

This represents a month-on-month increase of 5.5 percent, or $348.5 million

UAE unveils limited edition silver coin to celebrate Central Bank’s 50th anniversary

The CBUAE has issued 3,000 of these commemorative coins, each weighing 60 grams

Qatar Central Bank launches first phase of Primary Dealer framework with Bloomberg

First phase focused on integrating the Bloomberg Auction System to enhance the local currency debt issuance process and workflows

UAE gold prices largely steady, global rates rise ahead of Trump’s inauguration

The Federal Reserve will likely hold interest rates steady on January 29

IMF projects 3.3 percent global growth in 2025, inflation to fall to 3.5 percent by 2026

Despite the stable global growth forecast, disparities among countries are widening

UAE gold prices rise AED1.5, global rates set for third weekly gain on Fed rate cut bets

Gold rose to its highest since December 12 after several sets of U.S. economic data pressured Treasury yields further

Google Pay set to launch in Saudi Arabia in 2025

Google Pay will offer users a secure and easy way to make purchases in stores, apps, and online

UAE gold prices rise AED1.5, global rates hover near 1-month high

Easing underlying inflation in the U.S. renewed hopes of a less restrictive Fed policy this year

Oil prices rise to $82.35 amid soft U.S. inflation, tightening global supply concerns

Crude oil WTI futures expiring in March rose 0.4 percent to $79.01 a barrel