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Brent crude futures rose 2 percent to $86.41 per barrel
Brent oil futures for September delivery increased 0.3 percent to $85.29 per barrel
U.S. personal consumption expenditures index rose by 2.6 percent in May after a 2.7 percent rise in April
The economy had contracted for two consecutive quarters in the second half of 2023, indicating a recent recession
GCC banks' revenue-to-assets ratio is 3.2 percent, well above the global average of 2.3 percent
Investors today await the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure
The strong U.S. dollar is driven by expectations the Fed will keep rates high due to a robust economy
Gold prices remain impacted by the Fed's policy decisions and rising geopolitical tensions
Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel
Higher 10-year treasury yields and a stronger U.S. dollar trigger decline in gold prices
Brent oil futures expiring in August fell 0.1 percent to $84.90 per barrel
In a statement, CBK explained that the issuance period is three months, with a return rate of 4.375 percent
The regulation will also help consolidate the financial sector's competitiveness and support the UAE's economic growth
Brent crude oil futures for August delivery rose 0.1 percent to $86.07 per barrel,
Gold prices declined over 1 percent on Friday on stronger dollar after U.S. business activity rose to a 26-month high in June
If the inflation data is on the lower side, the Fed might lower interest rates twice this year
Brent oil futures expiring in August fell 0.4 percent to $84.88 a barrel
Gross paid claims of all types of insurance plans increased by 18.3 percent YoY to AED8.4 billion in Q1 2024
Decline is U.S. weekly jobless claims, new housing construction raised hopes for a rate cut in September
Brent crude futures for August delivery dipped slightly by 15 cents to $85.56 per barrel
Seven MPC members voted to hold the 5.25 percent rate, while two preferred a 0.25 percentage point cut to 5 percent
Gold prices have recovered from their 6 percent decline from their record high last month
Brent crude futures edged up 2 cents to $85.35 per barrel
U.S. producer prices surprisingly fell in May amid lower energy costs, indicating that inflation has subsided
