Middle East

Arab stock exchanges exceed market cap of $4.17 trillion in H1 2024: AMF

Fed's decision to hold rates for the seventh time impacted performance of global financial markets and Arab stock exchanges

UAE’s flydubai adds Basel to its expansive 29-destination European network

The carrier’s European network already includes Budapest, Catania, Krakow, Milan-Bergamo, Prague, Salzburg, and Zagreb

UAE gold prices dip, global rates rise on larger rate cut optimism

U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders

Oil prices inch higher amid tightening U.S. supplies, potential Middle East disruptions

Brent crude futures rose 23 cents, or 0.3 percent, to $78.56 per barrel

UAE gold prices extend decline, global rates up despite stronger dollar

Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed

Oil prices slide on bearish inventory data, persistent global economic slowdown fears

Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel

Oil prices rebound over 1 percent as Middle East tensions offset demand concerns

Brent crude oil futures for October delivery rose 1.3 percent to $77.29 per barrel

8.6 million GCC tourists in Saudi Arabia spend over $4 billion in 2023

The total number of inbound tourists reached 27.4 million tourists in 2023, setting a new record high for Saudi Arabia

Oil prices decline to near 8-month low as U.S. recession concerns outweigh Middle East tensions

Both Brent and WTI declined more than 3 percent to their lowest since January on Friday following a volatile week

OPEC+ keeps oil policy unchanged, restates plans to ease cuts starting October

OPEC+ is currently cutting output by 5.86 million barrels per day or about 5.7 percent of global demand

UAE gold prices up, global rates set for weekly gains on Fed rate cut prospects

Traders priced in a 28.5 percent chance of a larger 50-basis-point rate cut in September

Oil prices head for fourth week of losses as demand worries outweigh supply risks

Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel