Saudi crude official selling prices are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices
Market Data
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Donald Trump
Trump’s EU tariff extension pushes gold prices down
Spot gold was down 0.3% at $3,346.55 an ounce, while US gold futures fell 0.6% to $3,345.80
DFM
Dubai Residential REIT IPO price set with $3.9bn valuation
Dubai Holding has set the price for Residential REIT IPO on DFM
diamond
Over 1bn carats of diamonds traded through Dubai in past 5 years
Dubai saw almost 179m carats of diamonds traded in 2024
crude oil price
Oil prices climb as US-China trade progress eases demand concerns
Oil prices rose Monday after positive US-China trade talks boosted market sentiment
China
Gold drops on trade war truce hopes, dollar strength
Traders are also eyeing the release of the US Consumer Price Index on Tuesday for fresh signals on the Fed’s monetary policy trajectory
Oil price
Oil prices plunge over $2 as OPEC+ accelerates output hikes
Brent crude futures dropped 3.61 per cent, to $59.08 a barrel, while US West Texas Intermediate crude was at $56.00 a barrel, down by 3.93 per cent
DFM
Dubai Financial Market reports record trading activity as market capitalisation dips to $244bn
Dubai Financial Market reports decade-high average daily trading value
Bullion Market
Gold prices cross $3,100 as US tariff uncertainty propel safe-haven flows
Gold prices have hit multiple record highs, gaining more than 18 per cent so far this year
crude oil price
Oil price up 1% as US vows to continue attacking Houthis
Oil prices rose slightly last week, snapping a three-week losing streak fed by concern over a global economic slowdown driven by escalating trade tension between the US and other nations
Gold
UAE gold prices: Is it the right time to invest? Experts weigh in
Should UAE investors buy gold amid record prices and market fluctuations? Here’s what experts told Arabian Business
Dubai
UAE’s Spring Valley to build $50mn agro-commodity hub at JAFZA, targeting regional food security
The facility will operate with 100 per cent sustainable and carbon-neutral processing, featuring a solar power plant in line with Dubai’s renewable energy goals
crude oil
GCC crude oil production in 2023 soars to 17mbpd, says report
Additionally, the bloc ranked second worldwide in natural gas exports and third in marketed natural gas production
TECOM
TECOM net profit surges 14% to $330m after record revenue in FY2024
High occupancy rates of 94% and retention rates of 92% lead to an 11% YoY increase in revenue to $650 million
DFM
Dubai Financial Market hit $247bn in 2024 as 138,00 new investors added
Dubai Financial Market reported revenues of more than $172m last year
ADX
UAE stock markets post robust market cap growth in 2024
UAE stock market growth driven by a robust economy, foreign investments, and IPOs in 2024
DFM
Dubai Securities and Exchange Higher Committee reviews successes as DFM market cap reaches $218bn amid international investor surge
Sheikh Maktoum reviews performance of Dubai Securities and Exchange Higher Committee in 2024