Live: Three US Federal Reserve officials said that the data that will be issued in the coming period will guide their decision on when to cut interest rates, explaining that they have not yet seen sufficient evidence to begin monetary easing. According to Bloomberg East Economy, San Francisco Federal Reserve Bank President Mary Daly said … Read more
Muhammad Shaker – Mubasher: UAE financial market indices declined at the end of the week’s trading, in light of data indicating that the cycle of reducing interest rates may not begin early, and tensions continuing to escalate in the Middle East region. According to data from the UAE financial markets, the Dubai Financial Market recorded … Read more
Abu Dhabi – Mubasher: Profit-taking operations continued to pressure the path of UAE financial market indices for the third session in a row. The Dubai Securities Market index fell by 0.46% to 4,082.34 points, with BMH Capital topping the list of decliners by 10% to 3.51 dirhams, Dubai National Insurance by 9.091% to 4.5 dirhams, … Read more
Noha Makram – Live- Gold prices rose today, Monday, to exceed the $2,050 level with improved investment appetite in safe haven assets resulting from escalating tensions in the Middle East and renewed bets on the Federal Reserve cutting interest rates early. The spot price of gold rose by 0.2% to $2,053.69 per ounce, at 04:35 … Read more
Cairo – Mubasher: Gold prices rose on the global stock market by 0.2 percent, at a value of $4, during the week’s trading ending yesterday evening, Friday, due to increasing fears of the escalation of the conflict in the Middle East region due to the air strikes on Yemen, which led to an increase in … Read more
Direct: The US Securities and Exchange Commission denied, on Tuesday, its approval of launching exchange-traded funds to invest in “Bitcoin,” following a post on its official account on the “X” platform that claimed it had adopted the expected procedure. Gary Gensler, head of the committee, said through his personal account in “X” that the authority’s … Read more
Noha Makram – Live – The majority of Asian markets rose on Tuesday, recovering from a selling wave witnessed in the previous session, with the Nikkei index recording its highest levels in 33 years on the back of gains in technology stocks. The index rose by 1.16% to close at its highest levels since March … Read more
Live: The majority of European stock indices rose, at the end of the first sessions of the week, on Monday, with a decline in sovereign debt yields in Germany, Italy, and the United Kingdom. At the end of trading, the European Stoxx 600 index rose by 0.4% to 478.1 points, and gains were limited by … Read more
Cairo – Mubasher: The Egyptian Stock Exchange said that the right to cash distributions for the Arab Cotton Ginning Company will end at the close of the session on Sunday, January 21. The Stock Exchange stated, in a statement today, Thursday, that it was decided to distribute the Arab Cotton Ginning Coupon No. (23) at … Read more
Direct: Dragon Oil Company, wholly owned by the Dubai government, announced the start of crude oil production from the Al Wasl field north of Safa in Egypt, which is the company’s first oil discovery there. The operation of the Al Wasl offshore platform came after the successful implementation of the first phase of early production … Read more