Markets drop as US jobs deal fresh blow to early rate cut hopes
Hong Kong, China - Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after...
Economy
Oil prices rise following Red Sea attacks
Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by...
Market Report
Business
Syria to host three-day exhibition of Jordan’s trade and services
An exhibition of Jordan’s trade and services is scheduled to start next Tuesday in the Syrian capital, Damascus. The event...
- The event is jointly organized by the Jordan Chamber of Commerce (JCC) and the Federation of Syrian Chambers of Commerce (FSCC).
- Jordanian companies working in various sectors, particularly in trade, information and telecom technology will take part in the event.
Business
Gulf markets end 2021 on positive note
The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year.
- Rising oil prices and fewer concerns about the impact of the Omicron variant pushed the Saudi stock index up 0.7% this week
- The Dubai index had a solid week supported by the rise of the shares of Emaar and several banks
Economy
Cryptocurrency’s volatility may ease this year
Experts believe that 2022 will be a milestone year for bitcoin, with the ups outweighing the downs. Cryptos may suffer...
- Some experts believe that improved use and legality of cryptocurrencies will help reduce the wild swings in their prices
- The Dubai World Trade Center has announced it would become a specialized area in encrypted assets, including digital assets
Market Report
Gulf stocks rebound after selloff
The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020.
- The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020
- Saudi index gained 0.6 percent on Thursday backed by a 0.9 percent rise in Al-Rajhi Bank
Business
Canada climate crisis impacts agricultural production and supply chains
Flood devastation, heavy rainfall, and Drought in Canada cause severe damage to the food supply chain and agricultural production.
- Japan's McDonald has been forced to ration fries as the British Columbia floods jam potato imports
- Canada's westward supply links are very, very vulnerable and not resilient enough to climate change
Economy
Abu Dhabi Investment Office concludes investor interaction program
The Abu Dhabi Investment Office (ADIO) has connected with hundreds of global business leaders, entrepreneurs and innovators in a series...
- A series of six inaugural events by its international offices discussed expansion opportunities to the UAE capital.
- ADIO’s offices in London, Paris, Beijing, Seoul, New York and San Francisco each organized an event.
Market Report
China’s SenseTime postpones Hong Kong IPO after US blacklisting
The US Treasury announced the ban on Friday, saying SenseTime's facial recognition programmes were designed in part to be used...
- The US Treasury announced the ban on Friday, saying SenseTime's facial recognition programmes were designed in part to be used against Uyghurs
- SenseTime strongly criticised the latest blacklisting, saying in a statement over the weekend it was "caught in the middle of geopolitical tension."
Economy
Stocks dip in Asia ahead of US inflation figures
Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing...
- Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing higher last month
- And next week's Federal Reserve meeting might offer clues as to the pace of tapering and interest rate increases
Business
Saudi markets rocky, Abu Dhabi index loses ground
The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains.
- Aramco's share price dropped by 9 percent, as the Saudi index fell by 0.5 percent on Thursday
- The Abu Dhabi index slipped 0.2 percent on Tuesday, down from a record high
Market Report
World stocks rally as fears about Omicron spread abate
Wall Street's main indices climbed at the opening bell, with the Dow rising 1.0 percent.
- Wall Street's main indices climbed at the opening bell, with the Dow rising 1.0 percent
- Asian equities rose despite renewed worries over potential debt defaults in China's troubled property sector
Markets drop as US jobs deal fresh blow to early rate cut hopes
Hong Kong, China - Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after...
Economy
Company News
Global stocks mixed as markets await US jobs data
Market Report
Latest News
Commodities hurt by a crisis of confidence
Market Report
Stock markets advance on US debt, elections
Major stock markets advanced after President Joe Biden said he was "optimistic" about finding an agreement on averting a first-ever...
Market Report
Global stocks rise despite data showing US economic  slowdown
Wall Street stocks pushed higher despite data that showed US economic growth is slowing, which raised fresh questions about interest...
Market Report
Traders in GCC gear up for volatile week as markets gradually reopen
Traders are expected to scramble to incorporate changes in sentiment following last week's data, while keeping an eye on the...
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Market Report
Stock markets slip on auto woes, economy fears
Global equities mostly slid on auto sector woes and economic fears about the prospect of more interest rate hikes aimed...
- The dollar fell against its main rivals and crude oil tanked more than two percent.
- Europe's main equity markets were mostly lower after a mixed session in Asia.
Market Report
Stocks mixed, dollar firms on rate-hike fears
Stock markets traded mixed as last week's optimism gave way to worries that central banks may wait longer than expected...
- The dollar firmed on prospects of more US rate-tightening and oil prices slipped.
- Cooler inflation is said to have eased the pressure on the European Central Bank.
Economy
More monetary tightening required, says top Federal Reserve official
The US should continue tightening monetary policy to bring down inflation while assessing the impact of last month's financial turmoil...
- The rate-setting Federal Open Markets Committee voted last month to continue raising interest rates to tackle inflation.
- The FOMC took this decision despite the turmoil when Californian high-tech lender Silicon Valley Bank dramatically collapsed.