Middle East

Gold prices hit new record high of $2,752.38, UAE rates up

Market awaits the upcoming release of U.S. existing home sales data, which will provide additional insight into the health of the economy

Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions

Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre

UAE gold prices down, global rates hover near record high as Mideast tensions persist

Traders are pricing in an 87.7 percent chance of a 25-basis-point cut by the Federal Reserve in November

Oil prices slide amid Middle East tensions, Chinese demand concerns

Brent crude futures for December delivery fell by 19 cents, or 0.3 percent, settling at $74.10 a barrel

UAE, Russia presidents discuss strategic partnership in key sectors at Moscow meeting

Presidents reviewed progress in UAE-Russia relations in the areas of economy, trade, investment, space and energy

Oil prices recover marginally following 7 percent weekly drop on rising Mideast tensions

Data revealed that China's economy grew at the slowest pace since early 2023 in the third quarter, fueling additional demand concerns

Gold prices hit new record high: Global gold prices reach $2,732.76 ahead of U.S. election, UAE rates up

In China, investors are gauging the impact of the latest lending rate cut following reductions to other policy rates last month

Emirates optimizes commercial portfolios to position for global growth

Emirates recently announced new appointments in its commercial team for key markets in the Middle East and Africa

Gold prices set new record high at $2,713.76 as safe-haven demand surges, UAE rates up

As tensions in the Middle East escalated, less than three weeks remained to vote for the next U.S. president

Global gold rates near all-time high, UAE prices up ahead of U.S. economic data

The U.S. retail sales and industrial production data for September, as well as weekly jobless claims data, are all due later today

Oil prices modestly recover amid unexpected U.S. inventory draw, Middle East tensions

Brent crude futures for December delivery increased by 0.6 percent to $74.67 per barrel

MENA region’s GDP to rise to 2.2 percent in 2024 amid rising economic, political uncertainty: World Bank

Growth in GCC countries is projected to rise from 0.5 percent in 2023 to 1.9 percent in 2024

ADQ, Bank Audi sign definitive agreement to acquire 96 percent of Odea Bank

This move would accelerate Odeabank’s growth and drive tech advancements in financial services

Middle East sustainable bond issuances hit $16.7 billion in first nine months of 2024: S&P

Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year

UAE, global gold prices up as investors await U.S. retail sales data

U.S. dollar index and Treasury yields dipped, making bullion more attractive to other currency holders

Oil prices recover modestly amid Middle East stability concerns, weak demand

Brent crude futures for December delivery rose zero point four percent to $74.55 per barrel

UAE Stands with Lebanon campaign raises over $29.9 million in first week

The UAE pledged $100 million in aid and $30 million for Lebanese refugees in Syria

AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation

The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements

Gitex Global 2024: Khalifa Fund launches AI platform to enhance operational efficiency, transform public services

The platform aims to improve government solutions for better service delivery and adaptability

Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange

The collaboration areas include yacht and marine passenger transport, plus passenger ferries

UAE, global gold prices down on stronger U.S. dollar

Traders are currently pricing an 88.2 percent chance of a 25-basis-point cut in November

Dubai Cares partners with UAE Stands with Lebanon initiative to deliver urgent humanitarian relief amid the ongoing crisis

This collaboration aims to mobilize the UAE community to raise vital funds for emergency relief