United States

Dubai gold prices drop AED0.75, global rates steady ahead of key U.S. economic data

U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns 

Crude oil prices drop to $65.41 amid investor concerns surrounding U.S.-China trade relations

U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week

Dubai gold prices up AED5, global rates hold above $3,300

Investors will watch key U.S. economic reports this week, including job openings and payroll data 

Abu Dhabi National Oil Company (ADNOC) raises $1.5 billion through 10-year sukuk issuance

Sukuk issuance priced at 60 basis points over U.S. Treasuries attracted robust investor interest

Dubai gold prices fall AED2.5, global rates hit $3,289 amid easing U.S.-China trade tensions

The dollar rose 0.2 percent, making gold bullion pricier for international buyers 

China eases tariffs on selected U.S. goods to mitigate economic strain

Exemptions follow conciliatory statements from Washington amid rising fears of global recession

Mubadala to invest $1 billion in U.S.-based Fortress Investment Group

Mubadala, through its asset management subsidiary Mubadala Capital, holds a significant stake in Fortress

Oil prices rise to $66.98, set for weekly loss on higher global supply potential 

Brent is on track for a 2 percent weekly fall while WTI crude is set to decline 2.9 percent for the week

Dubai gold prices hold above AED400, global rates on track for third weekly gain

Bullion has surged over $700 this year, setting multiple record highs and reaching $3,500.05 on Tuesday

AI personalization or invasion? ChatGPT’s name calling raises eyebrows

Many users felt uneasy as ChatGPT began to address them by name, questioning AI ethics 

Hussain Sajwani engages in strategic dialogue with Trump, Musk at White House

The billionaire described meeting Trump as valuable moment of dialogue