• 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 publication of global data including US company earnings and GDP figures, said an expert. Oil prices could come under additional pressure due to demand concerns and approaching central bank meetings,...

  • Equities boosted by China news before rate calls

    Global stocks rose on China's slowing inflation and economic reopening, alongside hopes of less aggressive interest rate hikes next week. Sentiment brightened on China's decision to shift away from its nearly three-year zero-Covid strategy of lockdowns and mass testing that slammed the economy. After protests across the country, leaders have...

  • UAE stocks post gain of US$2.72bn in market cap

    The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments at the realty, banking, telecom sectors and cash inflows by institutions and individuals.