Middle East

Gold prices rise as traders eye Fed Chair’s speech for rate cut clues

Powell is scheduled to speak later in the day, likely marking the last public remarks before the Fed's December meeting

Oil prices fall modestly as U.S. inventories rise, OPEC+ meeting approaches

Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel

Oil prices rise ahead of this week’s OPEC+ meeting

The group will likely extend its output cuts until the end of the first quarter of 2025 amid supply concerns

Gold prices rise as traders await Fed’s December rate cut decision

The dollar index was up 0.07 percent to 106.52, reducing gold’s appeal among holders of other currencies

Gold prices decline as Trump’s tariff threat bolsters dollar

In the UAE, gold rates fell by AED3.75, with 24-carat gold priced at AED318.25 and 22-carat gold at AED294.50

Oil prices climb on positive data from China; OPEC meeting on the horizon

Brent crude futures for February increased by 0.3 percent to $72.02 a barrel

Gold prices rise on softer U.S. dollar, set for weekly fall

The dollar index fell 0.14 percent to 105.90, raising gold’s appeal among holders of other currencies

Oil prices face weekly decline amid easing Middle East tensions, anticipation of OPEC+ meeting

Brent crude futures for January fell by 0.1 percent to $73.21 per barrel

EFG Hermes advises on Maarif Education’s landmark acquisition of Ibn Khaldoun Education in Saudi Arabia

This complex transaction stands as one of the most substantial investments to date in Saudi Arabia’s private K-12 education sector

Gold prices fall on stronger dollar

The dollar index was up 0.15 percent to 106.25, reducing gold's appeal among holders of other currencies

Oil prices remain steady amid mixed U.S. inventory data, easing Middle East tensions

January Brent oil futures dipped 0.1 percent to $72.78 a barrel

Gold prices edge up slightly as safe-haven assets gain traction

President-elect Trump threatens new trade tariffs on China, Canada, and Mexico, sparking fears of a trade war

Oil prices plunge amid ceasefire hopes, dollar surge

Brent oil futures set to expire in January dropped by 0.3 percent to $72.80 per barrel

Gold prices rise after Trump proposes new tariffs

With Trump back in focus, the precious metals market may see some uncertainty ahead

Gold prices fall sharply from three-week high

Despite the sharp decline in the U.S. dollar, gold prices fell on prospects of easing tensions in the Middle East

Dubai Industrial City marks 20 years as premier manufacturing and logistics hub in the Middle East

Dubai Industrial City is expanding, adding 13.9 million sq. ft. of industrial land this year

Gold prices set for best week in a year on escalating Russia-Ukraine tensions

The U.S. dollar picked up again, rising to around a 13-month high after gaining 0.17 percent to 107.14

UAE President, King of Jordan discuss bilateral ties and regional developments in Abu Dhabi

Both leaders affirmed support for Lebanon's unity and sovereignty, expressing solidarity with its people

Gold prices rise for fourth day straight as Russia-Ukraine tensions escalate

The U.S. dollar index fell 0.11 percent to 106.57, making gold prices more appealing for other currency holders

UAE sustains role as key regional hub for trade, business, travel: World Bank

This prominence is due to the country's successful economic diversification and reduced reliance on oil 

Gold prices at one-week high on softer dollar

Geopolitical risks stemming from the Russia-Ukraine war and the ongoing conflicts in the Middle East continue to raise safe-haven demand for gold

UAE, Brazil strengthening bilateral relations and collaboration in G20 for global development

The UAE is Brazil's largest Middle Eastern partner, with trade at AED13.28 billion in the first eight months

Lebanon sees $8.5 billion in physical damages, economic losses amid conflict: World Bank

Damages to physical structures alone amount to $3.4 billion while economic losses have reached $5.1 billion