India’s rupee hits fresh new low against UAE dirham

India’s currency has weakened slightly against the UAE dirham in early trade, mainly off the back of dollar strength


Global markets: Five countries to watch this week

From the upcoming climate conference in UAE, to inflation numbers in the US, and China’s GDP targets, a look at what the markets are tracking

Tesla sales fall short of estimates as stronger dollar bites

Tesla cited higher costs related to a slower-than-expected ramp up in output at the new factories, as well as difficulties shipping vehicles

Oil holds near lowest since January with demand outlook dimming

West Texas Intermediate was steady below $77 a barrel after sinking more than 8 per cent over the previous two sessions


Gold holds drop as Powell says rates likely to stay elevated

Bullion is heading for a fifth monthly decline, the longest such stretch in four years


Gold holds decline as dollar reigns amid concerns over slowdown

Gold’s next move may hinge on the minutes from the Fed’s July meeting

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold has lost more than $110 in July alone as traders increased bets on a full percentage-point increase in US rates

euro slips to dollar parity

European stocks dealt fresh blow as euro slips to dollar parity

The two currencies are worth the same for the first time in two decades


Crypto is feeling the market heat. Here’s what you should do

The turmoil is a good time for investors to rebalance their portfolios

Saudi Arabia returns to dollar-debt market to boost finances

The price of Brent crude is still below what most of the region’s economies need to balance their budgets

Gold heads for best close in six weeks

Bullion is set to post the first monthly gain since July after a run of losses prompted by the development of effective coronavirus vaccines

Gold’s big question: Can the bull market outlive a pandemic?

Gold suffered its second-biggest drop in seven years on the day that Pfizer announced early results showing its vaccine was 90 per cent effective


Kuwait Central Bank denies plan to devalue, stands by peg

Kuwait is the only country in the six-member Gulf Cooperation Council that links its currency to a basket dominated by the US dollar, while the others are linked solely to the greenback

UAE Dirham Will Remain Pegged To US Dollar – Central Bank

The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.