With our Market Economic News, gain access to clear, concise reports on market performances, economic policies, and investment trends, essential for investors and professionals alike.
Gold prices in the UAE are on the brink of surpassing Dh310 per gram as geopolitical uncertainties and anxieties around US Federal Reserve interest rate decisions intensify. Analysts urge investors to proceed with caution given the metal’s recent surge to near-record highs. On Tuesday evening, the price of 24K gold in the UAE stood at …
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In a remarkable week for the UAE stock market, an impressive inflow of nearly Dh6.5 billion boosted investor confidence, particularly in the real estate, financial, and banking sectors. This surge in market liquidity saw significant trading in both the Abu Dhabi and Dubai markets, with a total of about 2.3 billion shares exchanged over 113,600 …
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During the holy month of Ramadan in 2024, the United Arab Emirates has witnessed a significant surge in online shopping, with the average Ramadan online shopping basket leading the Middle East and North Africa (MENA) region. According to a report released on Thursday, the average order value (AOV) in the UAE stands at $102, the …
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This Eid Al Fitr, which is anticipated to fall on April 9, many UAE residents are choosing staycations over traveling abroad, as airfares soar to new heights. With the potential for a six to nine-day holiday period, local hotels are seizing the opportunity to attract residents and GCC visitors with enticing staycation deals. In a …
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European Rice, backed by an EU-funded promotional programme, has seen a significant upswing in demand for its high-quality, nutritious products globally. This surge in popularity underscores the brand’s commitment to delivering unmatched quality and taste, solidifying its position as a preeminent provider of premium rice. Known for its outstanding quality and dedication to sustainable farming, …
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Huawei Technologies Co., a leading name in the networking and electronics sector, has continued its impressive streak of robust quarterly profit growth, gaining ground against industry giants such as Apple Inc. and Alibaba Group Holding Ltd. The Chinese firm reported a substantial net profit of approximately 13.9 billion yuan ($1.9 billion) for the December quarter, …
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In a significant turn of events that’s impacting Eid shopping plans, gold prices have surged to a new all-time high, crossing the $2,232 mark per ounce. This spike in prices is casting a shadow over the enthusiasm of shoppers in the UAE looking to purchase jewellery for the upcoming Eid festivities. As of 7 am, …
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Tesla Inc., the trailblazing electric vehicle (EV) maker, has recently experienced a tumultuous period in the stock market, with its shares showing only a flicker of recovery after a steep decline this year. As the company prepares to release its first-quarter delivery numbers, investors are bracing for potentially underwhelming results, signaling a challenging phase for …
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In a remarkable display of resilience, gold continues to defy the typically negative impacts of a strong dollar and rising yields, as highlighted by experts in the field. The precious metal has maintained its position as a ‘buy-on-dip’ market, challenging the expectations set by economic trends. The yellow metal’s performance was particularly notable in March, …
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In the United Arab Emirates, gold prices witnessed a modest drop of over Dh1 per gram at the opening of the markets on Monday. As reported by Dubai Jewellery Group data, the price of 24K gold started the week at Dh260.0 per gram, a slight decrease from the previous week’s closing price of Dh261.25 per …
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The culinary landscape of the United Arab Emirates is set to receive a much-welcomed boost as onion prices are anticipated to plummet by as much as 20 percent. This price drop follows India’s decision to resume onion exports to the UAE after a three-month hiatus. On December 8, 2023, India, recognized as the world’s premier …
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The foodservice market in the United Arab Emirates is gearing up for a remarkable expansion, with an expected compound annual growth rate of 17.09 percent. According to a whitepaper titled “A Flavourful Journey: A Comprehensive Look at the Evolution and Trends in the UAE’s Food and Beverages Sector” by JLL, and quoting figures from Mordor …
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In a significant boost to the UAE’s trade sector, DP World Trade Finance, in alliance with Etihad Credit Insurance (ECI), has provided over Dh1 billion in finance support within 12 months of their partnership. This substantial financial backing has particularly benefitted local SMEs, which historically have faced challenges in accessing trade finance solutions for global …
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Analysts are maintaining a bullish stance on gold and silver, though the future direction of these precious metals hinges on greater clarity regarding upcoming US rate cuts. This week, gold prices showed signs of stabilization following a dip below a crucial support level, triggered by higher-than-anticipated US inflation data. This development has led to speculation …
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In the early hours of Thursday’s trading session, gold prices in Dubai experienced a marginal dip, reflecting shifts in market sentiment and global economic factors. Data from the Dubai Jewellery Group indicated a subtle decrease in the price of 24K gold, opening at Dh246.25 per gram compared to Dh246.5 per gram at Wednesday’s market close. …
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