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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
U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023
Open Finance is beneficial for both fintechs and their customers
Brent oil futures for July delivery held steady at $83.61 per barrel
First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent
Strong dollar, possible interest rate hikes are major risks to gold prices
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
Gold prices achieved a record high of $2,449.89 but have since lost over $100
The assets of Islamic banks operating in the UAE increased by about $23.41 billion over the past 12 month
The CBE's overnight deposit rate, overnight lending rate, and main operation rate will remain unchanged
Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million
The country's annual inflation rate rose from 68.5 percent in March to 69.8 percent in April
Lebanon's banking sector continues to struggle with providing credit to the economy
Traders are currently pricing in a 73 percent chance of an interest rate cut in November
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
